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Don’t Ignore The Insider Selling In Peoples Bancorp of North Carolina

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Don’t Ignore The Insider Selling In Peoples Bancorp of North Carolina


We’d be surprised if Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) shareholders haven’t noticed that the Independent Vice Chairman of the Board, James Abernethy, recently sold US$108k worth of stock at US$27.12 per share. On the bright side, that sale was only 2.0% of their holding, so we doubt it’s very meaningful, on its own.

Check out our latest analysis for Peoples Bancorp of North Carolina

The Last 12 Months Of Insider Transactions At Peoples Bancorp of North Carolina

In the last twelve months, the biggest single sale by an insider was when the Independent Director, William Terry, sold US$325k worth of shares at a price of US$32.50 per share. We generally don’t like to see insider selling, but the lower the sale price, the more it concerns us. It’s of some comfort that this sale was conducted at a price well above the current share price, which is US$27.24. So it is hard to draw any strong conclusion from it.

In the last twelve months insiders purchased 3.91k shares for US$81k. On the other hand they divested 18.00k shares, for US$520k. All up, insiders sold more shares in Peoples Bancorp of North Carolina than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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NasdaqGM:PEBK Insider Trading Volume December 8th 2023

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Peoples Bancorp of North Carolina insiders own about US$23m worth of shares. That equates to 15% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Peoples Bancorp of North Carolina Insider Transactions Indicate?

An insider hasn’t bought Peoples Bancorp of North Carolina stock in the last three months, but there was some selling. Zooming out, the longer term picture doesn’t give us much comfort. But it is good to see that Peoples Bancorp of North Carolina is growing earnings. Insider ownership isn’t particularly high, so this analysis makes us cautious about the company. We’d practice some caution before buying! So these insider transactions can help us build a thesis about the stock, but it’s also worthwhile knowing the risks facing this company. You’d be interested to know, that we found 2 warning signs for Peoples Bancorp of North Carolina and we suggest you have a look.

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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Valuation is complex, but we’re helping make it simple.

Find out whether Peoples Bancorp of North Carolina is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.



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North Carolina

Tropical Storm Debby: ‘Historic,’ ‘catastrophic’ flooding possible on South Carolina coast

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Tropical Storm Debby: ‘Historic,’ ‘catastrophic’ flooding possible on South Carolina coast


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Tropical Storm Debby, in the Gulf of Mexico Sunday afternoon and headed toward the Big Bend area of Florida, is forecast to impact parts of South Carolina and North Carolina this week. Alerts have been issued for the storm that could bring potentially historic rainfall, rough surf and flooding to these regions.

At 2 p.m. Sunday, the National Hurricane Center issued an advisory for Tropical Storm Debby, noting that it is expected to strengthen into a hurricane before making landfall Monday morning. Debby is expected to move slowly across northern Florida and into southern Georgia before moving into the Atlantic Ocean and up the coast.

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The cone that shows the storm’s probable path includes much of S.C. However, many variables remain, including the strength of the still-developing storm and its exact eventual path.

Track Tropical Storm Debby

Track Debby: South Carolina Storm Tracker and Model Mixer

What can we expect in South Carolina?

The Hurricane Center’s forecast shows the center of the storm reaching South Carolina by about 8 p.m. Tuesday. But effects like heavy rain could start as early as Monday night.

Rainfall along the coast is expected to be the main concern. The S.C. coast from the southern part of the state past the Charleston area could see 16-20 inches of rain, with local amounts of up to 30 inches. That will likely result in “considerable” flash and urban flooding, and some river flooding is possible, the Hurricane Center said.

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“Heavy rainfall will likely result in considerable flooding impacts from the Florida Big Bend region through southeast Georgia and the Coastal Plain of the Carolinas through Friday,” the Hurricane Center said. “Potentially historic heavy rainfall across southeast Georgia and South Carolina through Friday morning may result in areas of catastrophic flooding. Significant river flooding is also expected.”

The likelihood of storm surges creates a life-threatening situation, the Hurricane Center said. Persons located within these areas should take all necessary actions to protect life and property from rising water and the potential for other dangerous conditions. Promptly follow evacuation and other instructions from local officials.

Rain of about 1-4 inches is forecast for parts of the Upstate.

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What watches and warnings are in effect in South Carolina?

A flood watch is in effect from 2 a.m. Monday through Friday morning for southeast South Carolina, including Allendale, Beaufort, Charleston, Coastal Colleton, Coastal Jasper, Dorchester, Hampton, Inland Berkeley, Inland Colleton, Inland Jasper and Tidal Berkeley.

A tropical storm watch is in effect for Charleston, McClellanville and Edisto Island. The forecast calls for winds of 20-30 mph with gusts to 40 mph.

A storm surge watch is in effect beginning Monday afternoon for Charleston, McClellanville and Edisto Island, with a potential of 2-4 feet above ground.

What other watches and warnings are in effect?

As of Sunday afternoon the depression was about 125 miles west-southwest of Tampa, Florida.

  • A hurricane warning is in effect for Florida coast from the Suwannee River to the Ochlockonee River.
  • A hurricane watch is in effect for the Florida coast west of the Ochlockonee River to Indian Pass * Florida coast south of the Suwannee River to Yankeetown.
  • A tropical storm warning is in effect for the Dry Tortugas, the Florida coast south of the Suwannee River to East Cape Sable and the Florida coast west of the Ochlockonee River to Indian Pass.
  • A tropical storm watch is in effect for the Florida coast west of Indian Pass to Mexico Beach, and the Georgia and South Carolina coast from the Mouth of the St. Mary’s River to South Santee River South Carolina.
  • A storm surge warning is in effect for the Florida coast from the middle of Longboat Key northward to Indian Pass including Tampa Bay.
  • A storm surge watch is in effect for the Florida coast from Bonita Beach northward to the middle of Longboat Key, including Charlotte Harbor, and thr Georgia and South Carolina coast from the Mouth of the St. Mary’s River to South Santee River South Carolina.

More: When is first day of fall? SC’s weather forecast by Old Farmer’s Almanac; is it accurate?

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More: Heat wave continues, cooling stations open in Spartanburg County. What about Greenville?

Where is Tropical Storm Debby?

Track it: South Carolina Storm Tracker and Model Mixer

Conditions at 2 p.m. Aug. 4:

  • Location: 125 miles west-southwest of Tampa, Florida.
  • Maximum sustained winds: 65 mph.
  • Movement: North-northwest at 13 mph.

More: Heat advisory in effect for Greenville, Spartanburg and Anderson, precautions to stay cool

Are you prepared for a hurricane?

Hurricane season runs from June 1 to Nov. 30. Even if this system won’t pose a threat to the Upstate, it’s never too early to be prepared.

Iris Seaton, Carolinas Connect, and Cheryl McCloud, USA TODAY NETWORK – Florida, contributed.

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Todd Runkle is the Carolinas Connect editor and also a content coach for the Asheville Citizen Times, part of the USA TODAY Network. Reach him at trunkle@gannett.com.



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North Carolina Zoo celebrates its 50 anniversary

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North Carolina Zoo celebrates its 50 anniversary


ASHEBORO, N.C. (WTVD) — The North Carolina Zoo is celebrating 50 years.

Located in Asheboro, the zoo houses about 1,700 animals and over 250 species primarily from Africa and North America.

On social media, NC Zoo wrote Friday:

“Throughout our history, we’ve been home to a diverse array of remarkable animals, dedicated keepers, and passionate employees who work tirelessly behind the scenes. Join us in honoring this milestone by visiting the Zoo in 2024!”

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The Zoo also mentioned the Zoo’s first animals, which were two Galapagos tortoises named Tort and Retort.

The post said in part: “These two tortoises symbolize the early days of the North Carolina Zoo and are cherished deeply in our hearts.”

The North Carolina Zoo is one of two state-supported zoos in the country. The other is the Minnesota Zoo.

Copyright © 2024 WTVD-TV. All Rights Reserved.





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NC has some of the most dangerous roads in the US: See how Wilmington-area counties rank

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NC has some of the most dangerous roads in the US: See how Wilmington-area counties rank


With a recent study revealing North Carolina as one of the states with the riskiest roads to travel, some may wonder how safe the roads are here in the Cape Fear region. 

MarketWatch Guides, a site that provides “reviews of consumer products and services to help readers make educated purchasing decisions,” focuses in part on car insurance comparisons, vehicle safety and more.  

A recent study by the site analyzed factors including annual miles driven per 100,000 system miles, percentage of rough roads and fatal injuries per 100,000 licensed drivers. States were given a rating out of 10 points, with 10 being the most dangerous. 

More: Distracted driving in Wilmington: How big of a problem is it?

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North Carolina’s ranking among the most dangerous

According to the study, the states with the most dangerous drivers based on the factors studied are: 

  1. Louisiana – 7.55/10 
  1. California – 7.21/10
  1. New Mexico – 6.74/10
  1. Hawaii – 6.73/10
  1. Delaware – 6.67/10
  1. New Jersey – 6.53/10
  1. Mississippi – 6.47/10
  1. North Carolina – 6.39/10
  1. Massachusetts – 6.33/10
  1. Maryland and Texas – 6.26/10

According to the study, North Carolina had 32.5 fatal injuries per 100,000 licensed drivers, but only 2.1% of rough roads, which was the lowest percentage out of the other ranked states.  

For a more localized perspective, the North Carolina Department of Transportation releases annual traffic crash facts data. The most recent 2022 report includes a ranking of counties based on several factors, including reported crashes, crash severity, crash rates based on population, registered vehicles and estimated vehicle miles traveled.  

The most dangerous county for drivers, ranked at No. 1 for the past five years, was Robeson County. The county had 60 fatal crashes in 2022 with 1,136 non-fatal injury crashes. The rest of the total 4,056 crashes were property-damage-only. The county with the best ranking was Hyde County, coming in at No. 100. The county had one fatal crash in 2022 and 10 non-fatal injury crashes. The county had a total of 45 crashes, the rest of which were property damage only.

More: MyReporter: Which intersections see the most red-light camera violations in Wilmington?

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Here’s where the Cape Fear region counties ranked. 

Brunswick County

Ranked No. 76 in 2022, Brunswick County had 25 fatal crashes and 715 non-fatal injury crashes. The total crashes for that year were 3,146. The remainder of the crashes were property damage only.

New Hanover County

Ranked No. 58, New Hanover had 19 fatal crashes and 1,313 non-fatal injury crashes, both of which went down from 2021. The total crashes in New Hanover were 5,617. The remainder of the crashes were property damage only.

Pender County

Ranked No. 47, Pender County had the worst ranking despite having the lowest number of crashes. The county had 12 fatal crashes and 374 non-fatal injury crashes, and a total of 1,156 crashes. The rest of the crashes were property damage only.  

Iris Seaton, USA Today Network, contributed to this report.

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