Peoples Bancorp of North Carolina (NASDAQ:PEBK) Shares Cross Above 50-Day Moving Average - What's Next?

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Get Free Report)'s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $29.69 and traded as high as $31.82. Peoples Bancorp of North Carolina shares last traded at $31.55, with a volume of 4,571 shares changing hands.

Peoples Bancorp of North Carolina Trading Down 1.0 %

The firm has a market capitalization of $170.56 million, a price-to-earnings ratio of 10.59 and a beta of 0.62. 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 company has a 50 day moving average price of $29.82 and a two-hundred day moving average price of $28.75.

Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The bank reported $0.72 earnings per share for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.27% and a return on equity of 12.92%. The company had revenue of $20.64 million during the quarter.

Peoples Bancorp of North Carolina Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Tuesday, December 3rd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Tuesday, December 3rd. Peoples Bancorp of North Carolina's dividend payout ratio is presently 25.76%.

Insiders Place Their Bets

In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 1,000 shares of Peoples Bancorp of North Carolina stock in a transaction on Friday, November 8th. The shares were sold at an average price of $28.64, for a total transaction of $28,640.00. Following the sale, the director now owns 74,976 shares of the company's stock, valued at $2,147,312.64. The trade was a 1.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders sold 3,500 shares of company stock worth $100,180. Corporate insiders own 17.44% of the company's stock.

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

A number of hedge funds have recently modified their holdings of PEBK. De Lisle Partners LLP purchased a new stake in Peoples Bancorp of North Carolina during the 3rd quarter valued at about $545,000. Bank of New York Mellon Corp purchased a new stake in shares of Peoples Bancorp of North Carolina in the second quarter valued at approximately $388,000. BNP Paribas Financial Markets increased its holdings in shares of Peoples Bancorp of North Carolina by 985.5% in the third quarter. BNP Paribas Financial Markets now owns 8,000 shares of the bank's stock valued at $203,000 after purchasing an additional 7,263 shares during the last quarter. Barclays PLC lifted its position in Peoples Bancorp of North Carolina by 390.6% during 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. Finally, Rhumbline Advisers acquired a new position in Peoples Bancorp of North Carolina during the second quarter worth $169,000. 43.83% of the stock is currently owned by institutional investors and hedge funds.

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.