Pacific Financial (OTCMKTS:PFLC) Trading Down 0.7% – Here’s Why

Pacific Financial Co. (OTCMKTS:PFLC)’s stock price fell 0.7% during mid-day trading on Wednesday . The company traded as low as $10.90 and last traded at $10.90. 2,100 shares traded hands during trading, a decline of 62% from the average session volume of 5,555 shares. The stock had previously closed at $10.98.

Pacific Financial Price Performance

The firm’s 50 day simple moving average is $11.70 and its 200-day simple moving average is $11.97.

Pacific Financial (OTCMKTS:PFLC) last announced its quarterly earnings results on Friday, January 31st. The company reported $0.21 EPS for the quarter.

Pacific Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.14%. The ex-dividend date was Friday, February 14th. Pacific Financial’s payout ratio is presently 125.40%.

Pacific Financial Company Profile

Pacific Financial Corporation operates as the bank holding company for Bank of the Pacific that provides various banking products and services in Washington and Oregon. The company offers personal and business checking, and savings accounts; certificates of deposit, individual retirement accounts, and other investment options; home loans; and auto and recreation loans, credit cards, and home equity line of credit.