Strategic Value Bank Partners LLC lessened its stake in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Free Report) by 8.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 272,089 shares of the bank's stock after selling 24,462 shares during the quarter. Peoples Bancorp of North Carolina makes up about 4.2% of Strategic Value Bank Partners LLC's portfolio, making the stock its 12th biggest holding. Strategic Value Bank Partners LLC owned 4.98% of Peoples Bancorp of North Carolina worth $6,908,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. De Lisle Partners LLP purchased a new position in Peoples Bancorp of North Carolina in the 3rd quarter valued at $545,000. BNP Paribas Financial Markets boosted its position in Peoples Bancorp of North Carolina by 985.5% during the third quarter. BNP Paribas Financial Markets now owns 8,000 shares of the bank's stock worth $203,000 after acquiring an additional 7,263 shares during the last quarter. Empowered Funds LLC lifted its stake in Peoples Bancorp of North Carolina by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 30,278 shares of the bank's stock worth $769,000 after purchasing an additional 1,474 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of 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. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of 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 purchasing an additional 734 shares during the last quarter. 43.83% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Peoples Bancorp of North Carolina
In related news, Director James S. Abernethy sold 1,000 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $28.64, for a total transaction of $28,640.00. Following the completion of the transaction, the director now directly owns 74,976 shares in the company, valued at $2,147,312.64. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders have sold 3,000 shares of company stock worth $84,230. Company insiders own 16.94% of the company's stock.
Peoples Bancorp of North Carolina Stock Performance
NASDAQ PEBK remained flat at $31.73 on Thursday. The company's stock had a trading volume of 9,493 shares, compared to its average volume of 19,537. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a fifty day simple moving average of $27.33 and a two-hundred day simple moving average of $28.52. The company has a market cap of $173.25 million, a PE ratio of 10.76 and a beta of 0.63. Peoples Bancorp of North Carolina, Inc. has a one year low of $23.74 and a one year high of $32.43.
Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last released its quarterly earnings data 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 12.92%.
Peoples Bancorp of North Carolina Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Tuesday, December 3rd. Peoples Bancorp of North Carolina's dividend payout ratio (DPR) is presently 25.76%.
Peoples Bancorp of North Carolina Company Profile
(
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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