Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) to Issue Special Dividend of $0.16

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) announced a special dividend on Friday, January 17th,RTT News reports. Investors of record on Monday, February 3rd will be given a dividend of 0.16 per share by the bank on Friday, February 14th.

Peoples Bancorp of North Carolina has increased its dividend by an average of 4.8% per year over the last three years.

Peoples Bancorp of North Carolina Price Performance

PEBK stock opened at $29.18 on Friday. The company’s 50-day moving average price is $30.91 and its two-hundred day moving average price is $28.87. Peoples Bancorp of North Carolina has a 12 month low of $23.74 and a 12 month high of $33.31. 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 cap of $159.32 million, a P/E ratio of 9.89 and a beta of 0.62.

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

Insider Buying and Selling

In other news, Director James S. Abernethy sold 1,000 shares of Peoples Bancorp of North Carolina stock in a transaction on Friday, November 8th. The shares were sold at an average price of $28.64, for a total transaction of $28,640.00. Following the transaction, the director now owns 74,976 shares in the company, valued at approximately $2,147,312.64. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 3,500 shares of company stock worth $100,180 in the last 90 days. Insiders own 17.44% of the company’s stock.

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.