Robert C. Abernethy, a director at Peoples Bancorp of North Carolina Inc, sold 7,000 common shares on September 2, 2026, for a total of $305,270 at an average price of $43.61 per share.
The disposal occurred as the bank’s stock neared a 52-week high of $45.78, having risen approximately 41% over the past 12 months. Peoples Bancorp’s shares currently trade at a price-to-earnings ratio of 11.93 and offer a dividend yield of 2.34%, with the company maintaining annual dividend payments for 42 consecutive years.
Following the transaction, Abernethy retains direct ownership of 213,936 common shares. He also holds an indirect stake of 101,116 shares through his role as president, secretary, and treasurer of Carolina Glove Co., as well as an additional 7,416.1746 shares indirectly held via his spouse.
Analysts cited by InvestingPro have assessed Peoples Bancorp’s stock as overvalued at current levels.
