Teachers Advisors LLC Purchases New Position in Peoples Bancorp of North Carolina, Inc. (PEBK)

Teachers Advisors LLC purchased a new stake in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,447 shares of the bank’s stock, valued at approximately $235,000. Teachers Advisors LLC owned approximately 0.14% of Peoples Bancorp of North Carolina as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. bought a new position in Peoples Bancorp of North Carolina in the second quarter valued at approximately $237,000. Bank of New York Mellon Corp grew its stake in Peoples Bancorp of North Carolina by 127.4% in the second quarter. Bank of New York Mellon Corp now owns 20,815 shares of the bank’s stock valued at $657,000 after purchasing an additional 11,662 shares in the last quarter. Finally, Kennedy Capital Management Inc. grew its stake in Peoples Bancorp of North Carolina by 129.3% in the second quarter. Kennedy Capital Management Inc. now owns 143,444 shares of the bank’s stock valued at $4,533,000 after purchasing an additional 80,895 shares in the last quarter. Hedge funds and other institutional investors own 30.80% of the company’s stock.

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Peoples Bancorp of North Carolina, Inc. (PEBK) opened at $33.49 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.35. Peoples Bancorp of North Carolina, Inc. has a one year low of $21.61 and a one year high of $39.73.

In other news, Director James S. Abernethy sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $30.13, for a total value of $30,130.00. Following the completion of the sale, the director now directly owns 65,557 shares of the company’s stock, valued at $1,975,232.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 10.88% of the company’s stock.

Peoples Bancorp of North Carolina Company Profile

Peoples Bancorp of North Carolina, Inc is a holding company for Peoples Bank (the Bank). The Bank is a state-chartered commercial bank, which serves the citizens and business interests of the Catawba Valley and surrounding communities. The Bank has approximately 20 banking offices located in Lincolnton, Newton, Denver, Catawba, Conover, Maiden, Claremont, Hiddenite, Hickory, Charlotte, Monroe, Cornelius, Mooresville Raleigh and North Carolina.

Institutional Ownership by Quarter for Peoples Bancorp of North Carolina (NASDAQ:PEBK)

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