Insider Selling: Peoples Bancorp of North Carolina, Inc. (PEBK) Director Sells 1,000 Shares of Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James S. Abernethy sold 1,000 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $31.01, for a total value of $31,010.00. Following the completion of the sale, the director now owns 64,157 shares of the company’s stock, valued at $1,989,508.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Peoples Bancorp of North Carolina, Inc. (PEBK) traded down $0.94 during trading on Monday, reaching $30.56. The company’s stock had a trading volume of 3,368 shares, compared to its average volume of 3,440. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.88. Peoples Bancorp of North Carolina, Inc. has a 52-week low of $21.61 and a 52-week high of $39.73.

Institutional investors have recently modified their holdings of the business. New York State Common Retirement Fund acquired a new stake in Peoples Bancorp of North Carolina during the 2nd quarter worth about $142,000. The Manufacturers Life Insurance Company acquired a new stake in Peoples Bancorp of North Carolina during the 2nd quarter worth about $158,000. SG Americas Securities LLC acquired a new stake in Peoples Bancorp of North Carolina during the 3rd quarter worth about $231,000. Teachers Advisors LLC acquired a new stake in Peoples Bancorp of North Carolina during the 2nd quarter worth about $235,000. Finally, California State Teachers Retirement System acquired a new stake in Peoples Bancorp of North Carolina during the 2nd quarter worth about $237,000. Hedge funds and other institutional investors own 27.65% of the company’s stock.

Separately, ValuEngine downgraded Peoples Bancorp of North Carolina from a “buy” rating to a “hold” rating in a report on Friday, December 1st.

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About Peoples Bancorp of North Carolina

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.

Insider Buying and Selling by Quarter for Peoples Bancorp of North Carolina (NASDAQ:PEBK)

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