NasdaqGM:PEBK

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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. More Details

Rewards

Trading at 27.5% below our estimate of its fair value

Pays a reliable dividend of 3.97%

Risk Analysis

No risks detected for PEBK from our risk checks.


Snowflake Analysis

Flawless balance sheet, good value and pays a dividend.


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

Stable Share Price: PEBK has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

8.1%

PEBK

3.9%

US Banks

-0.4%

US Market


1 Year Return

-37.1%

PEBK

-26.3%

US Banks

18.3%

US Market

Return vs Industry: PEBK underperformed the US Banks industry which returned -26.3% over the past year.

Return vs Market: PEBK underperformed the US Market which returned 18.3% over the past year.


Shareholder returns

PEBKIndustryMarket
7 Day8.1%3.9%-0.4%
30 Day22.6%12.0%6.6%
90 Day14.5%5.4%8.6%
1 Year-35.0%-37.1%-23.6%-26.3%21.0%18.3%
3 Year-35.8%-40.3%-16.3%-23.3%42.1%32.7%
5 Year21.5%9.0%21.9%6.8%85.6%64.7%

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?

27.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PEBK ($18.9) is trading below our estimate of fair value ($26.06)

Significantly Below Fair Value: PEBK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PEBK is good value based on its PE Ratio (8.9x) compared to the US Banks industry average (10.3x).

PE vs Market: PEBK is good value based on its PE Ratio (8.9x) compared to the US market (19.2x).


Price to Earnings Growth Ratio

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's PB Ratio (0.8x) is in line with the US Banks industry average.


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?

15.3%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Peoples Bancorp of North Carolina has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

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

8.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PEBK has high quality earnings.

Growing Profit Margin: PEBK's current net profit margins (20%) are lower than last year (23.3%).


Past Earnings Growth Analysis

Earnings Trend: PEBK's earnings have grown by 8.8% per year over the past 5 years.

Accelerating Growth: PEBK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PEBK had negative earnings growth (-14.7%) over the past year, making it difficult to compare to the Banks industry average (-3.7%).


Return on Equity

High ROE: PEBK's Return on Equity (8.9%) is considered low.


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


Financial Institutions Analysis

Asset Level: PEBK's Assets to Equity ratio (10.5x) is moderate.

Allowance for Bad Loans: PEBK has a sufficient allowance for bad loans (278%).

Low Risk Liabilities: 90% of PEBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: PEBK has an appropriate level of Loans to Assets ratio (66%).

Low Risk Deposits: PEBK's Loans to Deposits ratio (81%) is appropriate.

Level of Bad Loans: PEBK has an appropriate level of bad loans (0.4%).


Next Steps

Dividend

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

3.97%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PEBK's dividend (3.97%) is higher than the bottom 25% of dividend payers in the US market (1.63%).

High Dividend: PEBK's dividend (3.97%) is low compared to the top 25% of dividend payers in the US market (4.56%).


Stability and Growth of Payments

Stable Dividend: PEBK's dividends per share have been stable 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 reasonably low payout ratio (27.9%), 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

How experienced are the management team and are they aligned to shareholders interests?

19.8yrs

Average board tenure


CEO

Lance Sellers (57 yo)

7.92yrs

Tenure

US$552,257

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 ($USD552.26K) is about average for companies of similar size in the US market ($USD578.04K).

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


Board Members

NamePositionTenureCompensationOwnership
James Abernethy
Independent Vice Chairman of the Boardno dataUS$49.40k1.12%
$ 1.2m
Robert Abernethy
Independent Chairman of the Board29.75yrsUS$62.17k2.99%
$ 3.3m
Larry Robinson
Independent Director27.75yrsUS$41.08k1.16%
$ 1.3m
Dan Timmerman
Independent Director25.75yrsUS$50.63k1.69%
$ 1.9m
Benjamin Zachary
Independent Director25.75yrsUS$46.79k0.69%
$ 759.3k
Gary Matthews
Director19.75yrsUS$40.07k0.46%
$ 505.4k
Billy Price
Independent Director16.58yrsUS$49.24k0.18%
$ 194.5k
John Lineberger
Director16.58yrsUS$47.95k0.080%
$ 87.1k
Douglas Howard
Independent Director16.58yrsUS$49.53k0.34%
$ 376.9k
William Terry
Independent Director16.58yrsUS$40.25k0.35%
$ 382.4k

19.8yrs

Average Tenure

64.5yo

Average Age

Experienced Board: PEBK's board of directors are seasoned and experienced ( 19.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$109.384m
  • Shares outstanding: 5.79m
  • 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 Analysis2020/10/26 00:06
End of Day Share Price2020/10/23 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.