Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Tuesday.
Peoples Bancorp of North Carolina Stock Down 1.0 %
Shares of PEBK stock traded down $0.27 during trading hours on Tuesday, hitting $26.42. 11,076 shares of the company were exchanged, compared to its average volume of 19,510. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. The business's 50-day simple moving average is $29.64 and its two-hundred day simple moving average is $28.63. Peoples Bancorp of North Carolina has a one year low of $23.74 and a one year high of $33.31. The stock has a market capitalization of $144.20 million, a price-to-earnings ratio of 8.87 and a beta of 0.60.
Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The bank reported $0.65 EPS for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.08% and a return on equity of 12.85%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of PEBK. Wells Fargo & Company MN raised its holdings in Peoples Bancorp of North Carolina by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 2,590 shares of the bank's stock worth $81,000 after acquiring an additional 564 shares during the period. Deutsche Bank AG acquired a new position in shares of Peoples Bancorp of North Carolina during the fourth quarter worth approximately $82,000. MetLife Investment Management LLC acquired a new position in shares of Peoples Bancorp of North Carolina during the fourth quarter worth approximately $85,000. JPMorgan Chase & Co. raised its stake in shares of Peoples Bancorp of North Carolina by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 4,366 shares of the bank's stock worth $111,000 after buying an additional 576 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Peoples Bancorp of North Carolina by 35.5% during the fourth quarter. Bank of America Corp DE now owns 4,649 shares of the bank's stock worth $145,000 after buying an additional 1,219 shares during the last quarter. Institutional investors own 43.83% of the company's stock.
Peoples Bancorp of North Carolina Company Profile
(
Get Free Report)
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.
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