Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.
Peoples Bancorp of North Carolina Stock Up 1.2 %
PEBK traded up $0.31 during trading on Friday, hitting $27.26. 6,836 shares of the company's stock traded hands, compared to its average volume of 19,802. The stock has a market capitalization of $148.81 million, a price-to-earnings ratio of 9.15 and a beta of 0.44. The company's 50 day simple moving average is $28.01 and its two-hundred day simple moving average is $28.45. Peoples Bancorp of North Carolina has a 12-month low of $23.74 and a 12-month high of $33.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11.
Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The bank reported $0.65 EPS for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.85% and a net margin of 15.08%.
Institutional Investors Weigh In On Peoples Bancorp of North Carolina
A number of large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its holdings in shares of Peoples Bancorp of North Carolina by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 2,590 shares of the bank's stock valued at $81,000 after buying an additional 564 shares during the period. Deutsche Bank AG bought a new position in Peoples Bancorp of North Carolina in the fourth quarter valued at about $82,000. MetLife Investment Management LLC purchased a new position in Peoples Bancorp of North Carolina in the fourth quarter worth about $85,000. JPMorgan Chase & Co. boosted its position in Peoples Bancorp of North Carolina by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 4,366 shares of the bank's stock worth $111,000 after purchasing an additional 576 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Peoples Bancorp of North Carolina by 35.5% during the 4th quarter. Bank of America Corp DE now owns 4,649 shares of the bank's stock valued at $145,000 after purchasing an additional 1,219 shares during the period. Institutional investors own 43.83% of the company's stock.
About Peoples Bancorp of North Carolina
(
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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