Peoples Bancorp director Abernethy sells $64,475 in stock By Investing.com

James S. Abernethy, a director at Peoples Bancorp of North Carolina Inc (), sold a total of $64,475 worth of company stock across two transactions in late July 2026. The shares were sold at prices ranging from $42.89 to $43.17 each.

On July 28, 2026, Mr. Abernethy directly sold 1,000 shares of common stock at a price of $42.89 per share. The following day, July 29, 2026, an additional 500 shares were sold indirectly at $43.17 per share. These indirect shares were held by his son. The sales come as the stock has delivered a robust 55% return over the past year, currently trading at $43.34 with a market cap of $231 million. According to InvestingPro analysis, the stock appears overvalued relative to its Fair Value, placing it among companies on the Most Overvalued list. The company has maintained dividend payments for 42 consecutive years, currently yielding 2.33%. InvestingPro offers 5 additional exclusive tips for PEBK subscribers.

Following these transactions, Mr. Abernethy directly holds 67,626 shares of Peoples Bancorp of North Carolina Inc common stock. He also indirectly holds 35,400 shares through his son and an additional 70,441 shares in his capacity as VP, Secretary & Chairman of Alexander Railroad Co.

In other recent news, Peoples Bancorp of North Carolina announced that its Board of Directors has declared a quarterly cash dividend of $0.21 per share. This dividend pertains to the second quarter of 2026. The company stated that the dividend will be distributed on June 15, 2026, to shareholders who are recorded as of June 3, 2026. This announcement provides shareholders with information about their forthcoming dividend income. There were no additional updates regarding earnings or revenue results, mergers, or analyst ratings in the recent developments concerning Peoples Bancorp of North Carolina.

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