Peoples Bancorp director Robert Abernethy sells $305,270 in shares

Robert C. Abernethy, a director at Peoples Bancorp of North Carolina Inc (NASDAQ:PEBK), sold 7,000 shares of the company’s common stock on September 2, 2026, for a total value of $305,270.

The shares were sold at an average price of $43.61 per share. The stock has delivered strong returns recently, gaining ~41% over the past year and currently trading near its 52-week high of $45.78.

Following this transaction, Mr. Abernethy directly holds 213,936 shares of common stock. He also indirectly beneficially owns 101,116 shares as President, Secretary, and Treasurer of Carolina Glove Co., and an additional 7,416.1746 shares indirectly through his spouse. The company trades at a P/E ratio of 11.93 and offers a dividend yield of 2.34%. According to InvestingPro analysis, PEBK appears overvalued at current levels. Notably, the company has maintained dividend payments for 42 consecutive years, one of several InvestingPro Tips available to subscribers.