Fourthstone LLC Raises Position in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)

Fourthstone LLC raised its position in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Free Report) by 203.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 61,243 shares of the bank's stock after buying an additional 41,069 shares during the period. Fourthstone LLC owned about 1.12% of Peoples Bancorp of North Carolina worth $1,914,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of Peoples Bancorp of North Carolina by 606.4% during the fourth quarter. Wellington Management Group LLP now owns 426,893 shares of the bank's stock worth $13,340,000 after purchasing an additional 366,459 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Peoples Bancorp of North Carolina in the fourth quarter valued at about $296,000. Barclays PLC lifted its stake in shares of Peoples Bancorp of North Carolina by 390.6% in the third quarter. Barclays PLC now owns 7,801 shares of the bank's stock worth $198,000 after buying an additional 6,211 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Peoples Bancorp of North Carolina by 116.0% during the fourth quarter. JPMorgan Chase & Co. now owns 9,429 shares of the bank's stock worth $295,000 after acquiring an additional 5,063 shares during the last quarter. Finally, State Street Corp grew its stake in Peoples Bancorp of North Carolina by 7.5% during the 3rd quarter. State Street Corp now owns 54,510 shares of the bank's stock valued at $1,384,000 after acquiring an additional 3,791 shares in the last quarter. 43.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Peoples Bancorp of North Carolina from a "buy" rating to a "hold" rating in a report on Saturday, March 29th.

Peoples Bancorp of North Carolina Trading Up 1.4 %

Shares of NASDAQ PEBK traded up $0.35 during trading on Monday, hitting $26.07. 3,881 shares of the company were exchanged, compared to its average volume of 20,097. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. Peoples Bancorp of North Carolina, Inc. has a 12-month low of $23.74 and a 12-month high of $33.31. The company has a fifty day moving average price of $27.11 and a 200-day moving average price of $28.41. The firm has a market capitalization of $142.32 million, a PE ratio of 8.75 and a beta of 0.44.

Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The bank reported $0.79 earnings per share (EPS) for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.08% and a return on equity of 12.85%.

Peoples Bancorp of North Carolina Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Peoples Bancorp of North Carolina's previous quarterly dividend of $0.19. Peoples Bancorp of North Carolina's dividend payout ratio (DPR) is 26.85%.

Peoples Bancorp of North Carolina Company Profile

Peoples Bancorp of North Carolina, Inc operates as the bank holding company for Peoples Bank that provides various banking products and services for individuals and small-to medium-sized businesses. It offers checking, savings, money market, and retirement accounts; certificates of deposits; and credit and debit cards.