Peoples Bancorp of North Carolina (NASDAQ:PEBK) Rating Lowered to “Hold” at StockNews.com

Peoples Bancorp of North Carolina (NASDAQ:PEBK) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Saturday.

Peoples Bancorp of North Carolina Price Performance

Shares of PEBK stock opened at $27.41 on Friday. 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 has a 12 month low of $23.74 and a 12 month high of $33.31. The firm has a market cap of $149.55 million, a price-to-earnings ratio of 9.20 and a beta of 0.60. The stock has a 50-day moving average price of $28.12 and a 200 day moving average price of $28.44.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last announced its quarterly earnings data on Wednesday, February 12th. The bank reported $0.65 earnings per share for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.08% and a return on equity of 12.85%.

Institutional Trading of Peoples Bancorp of North Carolina

Several hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its holdings in shares of Peoples Bancorp of North Carolina by 606.4% during the 4th quarter. Wellington Management Group LLP now owns 426,893 shares of the bank’s stock valued at $13,340,000 after purchasing an additional 366,459 shares in the last quarter. Fourthstone LLC raised its position in Peoples Bancorp of North Carolina by 203.6% in the 4th quarter. Fourthstone LLC now owns 61,243 shares of the bank’s stock valued at $1,914,000 after buying an additional 41,069 shares during the last quarter. State Street Corp lifted its stake in Peoples Bancorp of North Carolina by 7.5% in the 3rd quarter. State Street Corp now owns 54,510 shares of the bank’s stock valued at $1,384,000 after acquiring an additional 3,791 shares in the last quarter. Northern Trust Corp boosted its position in Peoples Bancorp of North Carolina by 3.2% during the 4th quarter. Northern Trust Corp now owns 39,911 shares of the bank’s stock worth $1,247,000 after acquiring an additional 1,233 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Peoples Bancorp of North Carolina by 4.9% during the 4th quarter. Empowered Funds LLC now owns 31,765 shares of the bank’s stock worth $993,000 after acquiring an additional 1,487 shares in the last quarter. Institutional investors and hedge funds own 43.83% of the company’s stock.

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.