Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Announces $0.19 Quarterly Dividend

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) declared a quarterly dividend on Tuesday, November 26th,Wall Street Journal reports. Investors of record on Tuesday, December 3rd will be given a dividend of 0.19 per share by the bank on Friday, December 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Tuesday, December 3rd.

Peoples Bancorp of North Carolina has increased its dividend payment by an average of 8.2% per year over the last three years and has raised its dividend every year for the last 11 years.

Peoples Bancorp of North Carolina Stock Performance

Peoples Bancorp of North Carolina stock traded down $0.03 during mid-day trading on Tuesday, reaching $31.40. 267,300 shares of the company’s stock were exchanged, compared to its average volume of 19,814. The business’s fifty day simple moving average is $26.73 and its 200 day simple moving average is $28.45. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $171.44 million, a PE ratio of 10.66 and a beta of 0.57. Peoples Bancorp of North Carolina has a one year low of $23.74 and a one year high of $32.37.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last released its earnings results on Monday, October 21st. The bank reported $0.72 earnings per share for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.27% and a return on equity of 12.92%. The firm had revenue of $20.64 million for the quarter.

Insider Transactions at Peoples Bancorp of North Carolina

In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $30.02, for a total value of $30,020.00. Following the completion of the transaction, the director now owns 73,976 shares in the company, valued at $2,220,759.52. This trade represents a 1.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 6,500 shares of company stock worth $185,075. 17.44% of the stock is owned by company insiders.

Peoples Bancorp of North Carolina Company Profile

Peoples Bancorp of North Carolina, Inc operates as the bank holding company for Peoples Bank that provides various banking products and services for individuals and small-to medium-sized businesses. It offers checking, savings, money market, and retirement accounts; certificates of deposits; and credit and debit cards.