Wellington Management Group LLP Has $13.34 Million Position in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)

Wellington Management Group LLP boosted its holdings in shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Free Report) by 606.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 426,893 shares of the bank's stock after purchasing an additional 366,459 shares during the period. Wellington Management Group LLP owned approximately 7.82% of Peoples Bancorp of North Carolina worth $13,340,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of 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 purchasing an additional 576 shares in the last quarter. Barclays PLC boosted its holdings in Peoples Bancorp of North Carolina by 390.6% in the third quarter. Barclays PLC now owns 7,801 shares of the bank's stock worth $198,000 after purchasing an additional 6,211 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Peoples Bancorp of North Carolina by 985.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,000 shares of the bank's stock valued at $203,000 after acquiring an additional 7,263 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Peoples Bancorp of North Carolina in the fourth quarter worth $296,000. Finally, American Century Companies Inc. grew its position in shares of Peoples Bancorp of North Carolina by 3.1% in the fourth quarter. American Century Companies Inc. now owns 23,380 shares of the bank's stock valued at $731,000 after purchasing an additional 695 shares during the last quarter. 43.83% of the stock is owned by institutional investors and hedge funds.

Peoples Bancorp of North Carolina Price Performance

NASDAQ:PEBK traded up $0.22 during trading hours on Tuesday, reaching $26.16. The company had a trading volume of 18,776 shares, compared to its average volume of 19,979. Peoples Bancorp of North Carolina, Inc. has a one year low of $23.74 and a one year high of $33.31. The firm has a market capitalization of $142.78 million, a PE ratio of 8.74 and a beta of 0.44. The stock has a 50-day moving average of $27.45 and a two-hundred day moving average of $28.37. 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 released its quarterly 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 disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Peoples Bancorp of North Carolina's previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.06%. Peoples Bancorp of North Carolina's payout ratio is 26.85%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Peoples Bancorp of North Carolina from a "buy" rating to a "hold" rating in a report on Saturday, March 29th.

Peoples Bancorp of North Carolina 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.