NasdaqGM:PEBK

Stock Analysis Report

Peoples Bancorp of North Carolina

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has Peoples Bancorp of North Carolina's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.9%

PEBK

2.7%

US Banks

0.4%

US Market


1 Year Return

6.6%

PEBK

2.7%

US Banks

6.9%

US Market

Return vs Industry: PEBK exceeded the US Banks industry which returned 2.7% over the past year.

Return vs Market: PEBK matched the US Market which returned 6.9% over the past year.


Shareholder returns

PEBKIndustryMarket
7 Day1.9%2.7%0.4%
30 Day6.4%0.2%-1.2%
90 Day12.2%2.9%-0.4%
1 Year9.2%6.6%5.7%2.7%9.3%6.9%
3 Year71.3%61.8%52.1%41.6%45.8%36.4%
5 Year114.4%96.1%69.2%50.7%62.9%45.1%

Price Volatility Vs. Market

How volatile is Peoples Bancorp of North Carolina's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Peoples Bancorp of North Carolina undervalued compared to its fair value and its price relative to the market?

12.75x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: PEBK ($30.66) is trading above our estimate of fair value ($22.99)

Significantly Undervalued: PEBK is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PEBK is poor value based on its PE Ratio (12.8x) compared to the Banks industry average (12.6x).

PE vs Market: PEBK is good value based on its PE Ratio (12.8x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate PEBK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PEBK is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Peoples Bancorp of North Carolina forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PEBK's forecast earnings growth (3.8% per year) is above the savings rate (2.7%).

Earnings vs Market: PEBK's earnings (3.8% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: PEBK's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if PEBK's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if PEBK's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if PEBK's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Peoples Bancorp of North Carolina performed over the past 5 years?

9.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PEBK's earnings have grown by 9.2% per year over the past 5 years.

Accelerating Growth: PEBK's earnings growth over the past year (22.6%) exceeds its 5-year average (9.2% per year).

Earnings vs Industry: PEBK earnings growth over the past year (22.6%) underperformed the Banks industry 29.6%.


Return on Equity

High ROE: PEBK's Return on Equity (11.1%) is considered low.


Return on Assets

ROA vs Industry: PEBK has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate PEBK's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Peoples Bancorp of North Carolina's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: PEBK has a low level of unsold assets or inventory.

Debt Coverage by Assets: PEBK's debt is not covered by short term assets (assets are 0.8x debt).


Financial Institutions Analysis

Asset Level: PEBK's level of assets compared to its equity is low.

Allowance for Bad Loans: PEBK has a sufficient allowance for bad loans.

Low Risk Liabilities: PEBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: PEBK has an acceptable proportion of non-loan assets held.

Low Risk Deposits: PEBK's loans are broadly funded by customer deposits.

Level of Bad Loans: PEBK has an appropriate level of bad loans (0.36%)


Next Steps

Dividend

What is Peoples Bancorp of North Carolina's current dividend yield, its reliability and sustainability?

1.83%

Current Dividend Yield


Dividend Yield vs Market

company1.8%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: PEBK's dividend (1.83%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: PEBK's dividend (1.83%) is low compared to the top 25% of dividend payers in the US market (3.73%).

Stable Dividend: PEBK's dividend payments have been volatile in the past 10 years.

Growing Dividend: PEBK's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.5%), PEBK's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Peoples Bancorp of North Carolina's salary, the management and board of directors tenure and is there insider trading?

18.8yrs

Average board tenure


CEO

Lance Sellers (56yo)

6.9yrs

Tenure

US$517,278

Compensation

Mr. Lance A. Sellers has been the Chief Executive Officer and President of Peoples Bancorp of North Carolina, Inc. since November 1, 2012. Mr. Sellers has been the Chief Executive Officer and President of ...


CEO Compensation Analysis

Compensation vs. Market: Lance's total compensation ($USD517.28K) is below average for companies of similar size in the US market ($USD1.16M).

Compensation vs Earnings: Lance's compensation has been consistent with company performance over the past year.


Board Age and Tenure

18.8yrs

Average Tenure

63.5yo

Average Age

Experienced Board: PEBK's board of directors are seasoned and experienced ( 18.8 years average tenure).


Insider Trading

Insider Buying: PEBK insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$19,75626 Aug 19
James Abernethy
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board
Shares725
Max PriceUS$27.25
SellUS$27,50007 Aug 19
James Abernethy
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board
Shares1,000
Max PriceUS$27.50
SellUS$13,74530 Jul 19
James Abernethy
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board
Shares500
Max PriceUS$27.49
SellUS$41,65017 May 19
James Abernethy
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board
Shares1,500
Max PriceUS$28.00
SellUS$41,25012 Feb 19
James Abernethy
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board
Shares1,500
Max PriceUS$27.50
BuyUS$28,07230 Nov 18
Robert Abernethy
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares968
Max PriceUS$29.00
BuyUS$14,00025 Oct 18
Douglas Howard
EntityIndividual
Role
Member of the Board of Directors
Director
Shares500
Max PriceUS$28.00

Ownership Breakdown


Management Team

  • Bill Cable (50yo)

    Executive VP

    • Tenure: 0yrs
    • Compensation: US$317.33k
  • Lance Sellers (56yo)

    President & CEO

    • Tenure: 6.9yrs
    • Compensation: US$517.28k
  • Joe Lampron (64yo)

    Executive VP

    • Tenure: 17.8yrs
    • Compensation: US$408.01k
  • George Earp

    Senior VP & Finance Director

    • Tenure: 0yrs
  • Krissy Price

    Vice President & Assistant Corporate Secretary

    • Tenure: 0yrs
  • Daniel Richard

    Senior Vice President

    • Tenure: 0yrs
  • Jan Griffin

    Senior VP & Director of Loan Operations

    • Tenure: 0yrs
  • Jody Street

    Senior Vice President

    • Tenure: 0yrs
  • Jeffery Gniadek

    Senior VP & Area Executive – Hickory

    • Tenure: 0yrs
  • David Reitzel

    Senior Vice President of Real Estate Administration

    • Tenure: 0yrs

Board Members

  • James Abernethy (64yo)

    Vice Chairman of the Board

    • Tenure: 0yrs
    • Compensation: US$41.66k
  • Robert Abernethy (68yo)

    Chairman of the Board

    • Tenure: 28.8yrs
    • Compensation: US$52.47k
  • Larry Robinson (73yo)

    Director

    • Tenure: 26.8yrs
    • Compensation: US$36.58k
  • Dan Timmerman (71yo)

    Director

    • Tenure: 24.8yrs
    • Compensation: US$42.73k
  • Benjamin Zachary (62yo)

    Director

    • Tenure: 24.8yrs
    • Compensation: US$37.48k
  • Gary Matthews (63yo)

    Director

    • Tenure: 18.8yrs
    • Compensation: US$32.15k
  • Billy Price (62yo)

    Director

    • Tenure: 15.6yrs
    • Compensation: US$38.90k
  • John Lineberger (68yo)

    Director

    • Tenure: 15.6yrs
    • Compensation: US$37.75k
  • Douglas Howard (59yo)

    Director

    • Tenure: 15.6yrs
    • Compensation: US$39.33k
  • Greg Terry (51yo)

    Director

    • Tenure: 15.6yrs
    • Compensation: US$30.51k

Company Information

Peoples Bancorp of North Carolina, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Peoples Bancorp of North Carolina, Inc.
  • Ticker: PEBK
  • Exchange: NasdaqGM
  • Founded: 1912
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$181.910m
  • Shares outstanding: 5.93m
  • Website: https://www.peoplesbanknc.com

Number of Employees


Location

  • Peoples Bancorp of North Carolina, Inc.
  • 518 West C Street
  • Newton
  • North Carolina
  • 28658
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PEBKNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDOct 1985

Biography

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 offer ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 23:40
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.