Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Wednesday.
Peoples Bancorp of North Carolina Stock Down 0.0 %
Shares of NASDAQ PEBK traded down $0.01 on Wednesday, reaching $26.80. 6,496 shares of the company's stock traded hands, compared to its average volume of 19,524. The business's 50 day simple moving average is $29.10 and its two-hundred day simple moving average is $28.56. 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 market cap of $146.27 million, a price-to-earnings ratio of 8.99 and a beta of 0.60. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11.
Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The bank reported $0.65 earnings per share for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.85% and a net margin of 15.08%.
Institutional Trading of Peoples Bancorp of North Carolina
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings 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 valued at $13,340,000 after buying an additional 366,459 shares during the last quarter. Fourthstone LLC lifted its position in Peoples Bancorp of North Carolina by 203.6% in the 4th quarter. Fourthstone LLC now owns 61,243 shares of the bank's stock valued at $1,914,000 after acquiring an additional 41,069 shares in the last quarter. De Lisle Partners LLP purchased a new stake in Peoples Bancorp of North Carolina during the 3rd quarter valued at $545,000. Los Angeles Capital Management LLC bought a new stake in shares of Peoples Bancorp of North Carolina in the 4th quarter worth $296,000. Finally, Nuveen Asset Management LLC purchased a new position in shares of Peoples Bancorp of North Carolina in the fourth quarter worth $277,000. 43.83% of the stock is currently owned by institutional investors.
About Peoples Bancorp of North Carolina
(
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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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