James S. Abernethy, a director at Peoples Bancorp (NASDAQ:PEBO) of North Carolina Inc. (NASDAQ:PEBK), recently sold 500 shares of the company's common stock. The sale took place on December 5 at a price of $31.90 per share, totaling $15,950. The transaction occurs as PEBK trades near its 52-week high of $32.43, with the stock delivering a robust 20% return over the past year. According to InvestingPro analysis, the stock's RSI indicates overbought conditions. Following this transaction, Abernethy holds 73,476 shares directly. Additionally, he has indirect holdings of 39,900 shares under his son's ownership and 70,441 shares as Vice President, Secretary, and Chairman of Alexander Railroad. This transaction adds to the ongoing insider trading activity at the bank, providing insight into the stock's current market movements. The $167.92M market cap company trades at a P/E of 10.26 and maintains an impressive 40-year streak of consecutive dividend payments. For deeper insights into insider trading patterns and additional financial metrics, InvestingPro subscribers have access to 6 more key tips about PEBK's current market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.