Peoples Bancorp director Abernethy sells $210,700 in stock By Investing.com

Robert C. Abernethy, a director at Peoples Bancorp of North Carolina Inc (), sold shares of the company’s common stock totaling $210,700 on July 23, 2026.

The transaction involved the disposition of 5,000 shares at a price of $42.14 per share. The sale comes as PEBK stock trades near its 52-week high of $45.78, following a strong 49% gain over the past year. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value estimate.

Following this sale, Mr. Abernethy directly holds 213,936 shares of Peoples Bancorp common stock. He also holds 113,363 shares indirectly as President, Secretary, and Treasurer of Carolina Glove Co., and an additional 7,416.1746 shares indirectly through his spouse. The company has maintained dividend payments for 42 consecutive years and currently offers a 2.4% yield.

In other recent news, Peoples Bancorp of North Carolina has declared a quarterly cash dividend of $0.21 per share for the second quarter of 2026. The dividend is scheduled to be paid on June 15, 2026, to shareholders who are on record as of June 3, 2026. This announcement was made in a press release by the company. No additional earnings or revenue results were disclosed in the recent updates. There were also no reports of mergers or acquisitions involving the company. Analyst upgrades or downgrades were not mentioned in the latest news. These developments highlight the company’s commitment to providing returns to its shareholders.

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