Fourthstone LLC Trims Stock Holdings in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)

Fourthstone LLC reduced its position in shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 94.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,174 shares of the bank’s stock after selling 344,659 shares during the period. Fourthstone LLC’s holdings in Peoples Bancorp of North Carolina were worth $512,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers purchased a new position in shares of Peoples Bancorp of North Carolina in the second quarter valued at approximately $169,000. BNP Paribas Financial Markets increased its holdings in 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 buying an additional 7,263 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Peoples Bancorp of North Carolina during the 2nd quarter worth about $388,000. De Lisle Partners LLP acquired a new stake in Peoples Bancorp of North Carolina during the third quarter worth approximately $545,000. Finally, Renaissance Technologies LLC raised its stake in 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 acquiring an additional 1,400 shares in the last quarter. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director James S. Abernethy sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $28.73, for a total transaction of $71,825.00. Following the completion of the sale, the director now owns 76,976 shares in the company, valued at $2,211,520.48. This represents a 3.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 6,500 shares of company stock valued at $185,075. 17.44% of the stock is owned by company insiders.

Peoples Bancorp of North Carolina Stock Performance

Shares of NASDAQ PEBK traded up $0.04 during trading hours on Thursday, reaching $31.44. The stock had a trading volume of 6,700 shares, compared to its average volume of 19,757. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. Peoples Bancorp of North Carolina, Inc. has a fifty-two week low of $23.74 and a fifty-two week high of $32.37. The firm has a 50-day moving average of $26.80 and a 200-day moving average of $28.46. The firm has a market cap of $171.66 million, a price-to-earnings ratio of 10.64 and a beta of 0.57.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last released its quarterly earnings results on Monday, October 21st. The bank reported $0.72 EPS for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.27% and a return on equity of 12.92%. The firm had revenue of $20.64 million during the quarter.

Peoples Bancorp of North Carolina Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.42%. The ex-dividend date is Tuesday, December 3rd. Peoples Bancorp of North Carolina’s dividend payout ratio is presently 25.76%.

About Peoples Bancorp of North Carolina

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.