Southside Capital LLC Increases Stock Holdings in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)

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Southside Capital LLC boosted its position in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 176.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,669 shares of the bank’s stock after purchasing an additional 10,000 shares during the quarter. Southside Capital LLC owned about 0.26% of Peoples Bancorp of North Carolina worth $471,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in Peoples Bancorp of North Carolina by 559.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 983 shares of the bank’s stock valued at $26,000 after purchasing an additional 834 shares during the last quarter. Geode Capital Management LLC raised its stake in Peoples Bancorp of North Carolina by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 54,137 shares of the bank’s stock valued at $1,324,000 after purchasing an additional 1,935 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in Peoples Bancorp of North Carolina by 134.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,364 shares of the bank’s stock valued at $89,000 after purchasing an additional 1,927 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Peoples Bancorp of North Carolina by 43.4% in the 4th quarter. Bank of America Corp DE now owns 3,777 shares of the bank’s stock valued at $92,000 after purchasing an additional 1,144 shares during the last quarter. 33.41% of the stock is owned by hedge funds and other institutional investors.

In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $27.50, for a total value of $27,500.00. Following the completion of the sale, the director now directly owns 61,697 shares of the company’s stock, valued at approximately $1,696,667.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 2,225 shares of company stock valued at $61,001 over the last ninety days. Corporate insiders own 11.28% of the company’s stock.

Separately, ValuEngine raised Peoples Bancorp of North Carolina from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd.

Shares of PEBK traded down $0.63 during midday trading on Tuesday, reaching $27.34. The company had a trading volume of 505 shares, compared to its average volume of 7,651. Peoples Bancorp of North Carolina, Inc. has a 1-year low of $20.03 and a 1-year high of $34.32. The stock has a market cap of $161.09 million, a PE ratio of 11.36 and a beta of 0.75. The firm has a 50 day simple moving average of $27.53 and a 200-day simple moving average of $27.66. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.19.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, August 30th.

About Peoples Bancorp of North Carolina

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

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