James S. Abernethy, who serves on the board of PEOPLES BANCORP OF NORTH CAROLINA INC (NASDAQ: PEBK), completed a sale of company shares on March 3, 2026. The director sold 477 shares of common stock at $37.60 per share, generating proceeds of $17,935.
At the time of that transaction, the company’s shares were quoted at $38.41 and have risen about 50% over the trailing 12 months. InvestingPro’s analysis, referenced in public reports, indicates the shares are trading above its Fair Value estimate.
Post-transaction holdings
Following the sale, Abernethy directly holds 70,426 shares of Peoples Bancorp. Additional holdings attributed to him include 37,000 shares held indirectly through his son and 70,441 shares tied to his role as Vice President, Secretary and Chairman of Alexander Railroad Co.
Dividend announcement
Separately, the bank announced a special cash dividend of $0.17 per share. The dividend was set to shareholders of record on February 4, 2026, with payment scheduled for February 13, 2026. The company’s public statements describe the dividend as part of its efforts to return value to shareholders.
Operations and regional focus
Peoples Bancorp operates multiple banking offices across several counties in North Carolina and maintains loan production offices in various counties. Company communications underscore a continued focus on regional operations and services as part of ongoing financial activity.
What is clear
The facts reported include the insider sale, the director’s aggregated direct and indirect holdings, the special dividend declaration with specified record and payment dates, and third-party valuation commentary indicating the shares may be priced above fair value. Beyond these items, public information provided here does not elaborate on broader financial results or additional corporate actions.