BlackRock (NYSE: BLK) discloses 5.4% passive stake in Peoples Bancorp of North Carolina (PEBK)
Rhea-AI Filing Summary
BlackRock, Inc. has reported a passive ownership stake in Peoples Bancorp of North Carolina, Inc. common stock on a Schedule 13G. BlackRock and certain of its business units beneficially own 293,523 shares, representing 5.4% of the outstanding common stock. Of these, 289,842 shares carry sole voting power, and all 293,523 shares are subject to sole dispositive power, with no shared voting or dispositive power reported. Various underlying clients have rights to dividends or sale proceeds, but no individual client holds more than five percent of the company’s outstanding common shares.
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Key Figures
Beneficial ownership: 293,523 shares
Percent of class: 5.4%
Sole voting power: 289,842 shares
+3 more
6 metrics
Beneficial ownership
293,523 shares
Common stock of Peoples Bancorp of North Carolina reported by BlackRock
Percent of class
5.4%
Portion of Peoples Bancorp of North Carolina common stock class held by BlackRock
Sole voting power
289,842 shares
Shares for which BlackRock can solely vote or direct the vote
Shared voting power
0 shares
No shares reported with shared voting power
Sole dispositive power
293,523 shares
Shares for which BlackRock has sole power to dispose or direct disposition
Shared dispositive power
0 shares
No shares reported with shared dispositive power
Key Terms
Schedule 13G, beneficially owned, sole voting power, dispositive power, +1 more
5 terms
Schedule 13G regulatory
"In accordance with SEC Release No. 34-39538 (January 12, 1998), this reflects the securities beneficially owned"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficially owned financial
"this reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting power financial
"Sole Voting Power 289,842.00 6 | Shared Voting Power 0.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
dispositive power financial
"Sole Dispositive Power 293,523.00 8 | Shared Dispositive Power 0.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
parent holding company regulatory
"Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of Peoples Bancorp of North Carolina (PEBK) does BlackRock own?
BlackRock reports beneficial ownership of 5.4% of Peoples Bancorp of North Carolina’s common stock. This stake corresponds to 293,523 shares held across certain BlackRock business units under a Schedule 13G filing.
Do any BlackRock clients individually own more than 5% of PEBK?
No individual client exceeds the 5% threshold. While various persons have rights to dividends or sale proceeds from PEBK shares managed by BlackRock, no one person’s interest is more than 5% of the outstanding common stock.
Is BlackRock’s filing for PEBK an active or passive ownership report?
The report is filed on Schedule 13G, which is used for passive beneficial ownership positions. It reflects holdings by certain BlackRock business units rather than an activist or control-seeking stake.