Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock Passes Below 200-Day Moving Average - Should You Sell?

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $28.47 and traded as low as $25.47. Peoples Bancorp of North Carolina shares last traded at $25.82, with a volume of 6,153 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Peoples Bancorp of North Carolina from a "buy" rating to a "hold" rating in a report on Thursday, July 25th.

Peoples Bancorp of North Carolina Price Performance

The stock has a market cap of $160.96 million, a P/E ratio of 9.99 and a beta of 0.57. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.12. The company's fifty day simple moving average is $26.18 and its 200-day simple moving average is $28.47.

Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The bank reported $0.72 earnings per share (EPS) for the quarter. The firm had revenue of $20.64 million during the quarter. Peoples Bancorp of North Carolina had a net margin of 15.27% and a return on equity of 13.29%.

Peoples Bancorp of North Carolina Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, September 3rd were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Tuesday, September 3rd. Peoples Bancorp of North Carolina's dividend payout ratio is 25.76%.

Insider Buying and Selling at Peoples Bancorp of North Carolina

In related news, Director James S. Abernethy sold 1,000 shares of Peoples Bancorp of North Carolina stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $29.02, for a total transaction of $29,020.00. Following the completion of the transaction, the director now directly owns 40,900 shares of the company's stock, valued at $1,186,918. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 2,500 shares of the firm's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $28.73, for a total value of $71,825.00. Following the completion of the sale, the director now owns 76,976 shares in the company, valued at approximately $2,211,520.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James S. Abernethy sold 1,000 shares of the company's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $29.02, for a total transaction of $29,020.00. Following the transaction, the director now owns 40,900 shares in the company, valued at $1,186,918. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,000 shares of company stock worth $169,965 over the last three months. Company insiders own 17.44% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers acquired a new stake in shares of Peoples Bancorp of North Carolina in the 2nd quarter valued at $169,000. Bank of New York Mellon Corp acquired a new stake in Peoples Bancorp of North Carolina in the second quarter worth about $388,000. Renaissance Technologies LLC raised its holdings in Peoples Bancorp of North Carolina by 6.8% during the 2nd quarter. Renaissance Technologies LLC now owns 22,012 shares of the bank's stock worth $643,000 after purchasing an additional 1,400 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Peoples Bancorp of North Carolina by 7.7% during the first quarter. Empowered Funds LLC now owns 26,824 shares of the bank's stock worth $747,000 after buying an additional 1,925 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Peoples Bancorp of North Carolina by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 146,625 shares of the bank's stock worth $4,281,000 after acquiring an additional 734 shares during the period. Institutional investors own 43.83% of the company's stock.

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.