Shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as low as $27.85. Peoples Bancorp of North Carolina shares last traded at $27.85, with a volume of 4 shares traded.

Separately, ValuEngine upgraded Yirendai from a “strong sell” rating to a “sell” rating in a research note on Friday, May 3rd.

The stock has a market cap of $162.77 million, a P/E ratio of 11.99 and a beta of 0.74. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.92 and a current ratio of 0.92. The business has a 50 day simple moving average of $27.94.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last issued its earnings results on Monday, April 22nd. The bank reported $0.61 earnings per share (EPS) for the quarter. The company had revenue of $15.55 million during the quarter. Peoples Bancorp of North Carolina had a return on equity of 11.27% and a net margin of 21.71%.

In related news, Director James S. Abernethy sold 1,500 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $27.77, for a total value of $41,655.00. Following the completion of the transaction, the director now owns 62,797 shares in the company, valued at approximately $1,743,872.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.28% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Peoples Bancorp of North Carolina by 3.4% during the fourth quarter. BlackRock Inc. now owns 215,990 shares of the bank’s stock valued at $5,283,000 after acquiring an additional 7,152 shares during the last quarter. Geode Capital Management LLC increased its position in Peoples Bancorp of North Carolina by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 54,137 shares of the bank’s stock worth $1,324,000 after buying an additional 1,935 shares in the last quarter. Bank of America Corp DE increased its position in Peoples Bancorp of North Carolina by 43.4% in the fourth quarter. Bank of America Corp DE now owns 3,777 shares of the bank’s stock worth $92,000 after buying an additional 1,144 shares in the last quarter. Aspire Private Capital LLC purchased a new stake in Peoples Bancorp of North Carolina in the fourth quarter worth about $71,000. Finally, BNP Paribas Arbitrage SA increased its position in Peoples Bancorp of North Carolina by 559.7% in the first quarter. BNP Paribas Arbitrage SA now owns 983 shares of the bank’s stock worth $26,000 after buying an additional 834 shares in the last quarter. Institutional investors and hedge funds own 32.85% of the company’s stock.

About Peoples Bancorp of North Carolina (NASDAQ:PEBK)

Peoples Bancorp of North Carolina, Inc operates as a bank holding company for Peoples Bank that provides various banking products and services to individuals and small to medium-sized businesses. It offers various deposit products. The company’s loan products comprise commercial real estate, commercial, construction and land development, single-family residential, residential mortgage, individual taxpayer identification number mortgage loans, as well as agricultural loans.

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