StockNews.com upgraded shares of Peoples Bancorp of North Carolina (NASDAQ:PEBK - Free Report) from a hold rating to a buy rating in a research note released on Thursday morning.
Peoples Bancorp of North Carolina Stock Up 1.4 %
PEBK traded up $0.36 on Thursday, hitting $26.96. 5,976 shares of the company were exchanged, compared to its average volume of 19,541. 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 $147.15 million, a PE ratio of 9.05 and a beta of 0.60. 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 stock's fifty day moving average is $28.55 and its 200-day moving average is $28.46.
Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last released its earnings results on Wednesday, February 12th. The bank reported $0.65 earnings per share (EPS) for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.85% and a net margin of 15.08%.
Peoples Bancorp of North Carolina Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Peoples Bancorp of North Carolina's previous quarterly dividend of $0.19. Peoples Bancorp of North Carolina's dividend payout ratio is presently 26.85%.
Institutional Trading of Peoples Bancorp of North Carolina
Institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in Peoples Bancorp of North Carolina by 27.8% in the fourth 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 stake in Peoples Bancorp of North Carolina in the fourth quarter valued at approximately $82,000. MetLife Investment Management LLC bought a new stake in Peoples Bancorp of North Carolina in the fourth quarter valued at approximately $85,000. JPMorgan Chase & Co. raised its stake 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 valued at $111,000 after buying an additional 576 shares during the period. Finally, Bank of America Corp DE raised its stake in Peoples Bancorp of North Carolina by 35.5% in the fourth quarter. Bank of America Corp DE now owns 4,649 shares of the bank's stock valued at $145,000 after buying 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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