Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Short Interest Update

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) saw a significant growth in short interest in June. As of June 30th, there was short interest totalling 23,000 shares, a growth of 34.5% from the June 15th total of 17,100 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 24,900 shares, the days-to-cover ratio is currently 0.9 days.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Peoples Bancorp of North Carolina from a “hold” rating to a “buy” rating in a report on Saturday, June 22nd.

Peoples Bancorp of North Carolina Stock Up 3.0 %

NASDAQ PEBK traded up $0.85 on Monday, hitting $29.65. 40,988 shares of the stock traded hands, compared to its average volume of 16,001. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of $29.55 and a 200 day moving average of $28.57. Peoples Bancorp of North Carolina has a twelve month low of $18.81 and a twelve month high of $31.59. The company has a market capitalization of $156.85 million, a P/E ratio of 10.12 and a beta of 0.58.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its quarterly earnings results on Monday, April 22nd. The bank reported $0.72 earnings per share (EPS) for the quarter. Peoples Bancorp of North Carolina had a return on equity of 14.14% and a net margin of 16.29%. The business had revenue of $19.34 million for the quarter.

Peoples Bancorp of North Carolina Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date was Monday, June 3rd. Peoples Bancorp of North Carolina’s dividend payout ratio is presently 25.94%.

Insider Buying and Selling at Peoples Bancorp of North Carolina

In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 1,000 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $29.90, for a total value of $29,900.00. Following the completion of the transaction, the director now directly owns 82,206 shares of the company’s stock, valued at approximately $2,457,959.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 16.94% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

An institutional investor recently raised its position in Peoples Bancorp of North Carolina stock. AMG National Trust Bank boosted its stake in shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 12.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,245 shares of the bank’s stock after purchasing an additional 3,993 shares during the quarter. AMG National Trust Bank owned approximately 0.67% of Peoples Bancorp of North Carolina worth $1,124,000 at the end of the most recent reporting period. 43.83% of the stock is 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.