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

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) declared a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Investors of record on Tuesday, December 3rd will be paid 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 yield of 2.37%. The ex-dividend date of this dividend is Tuesday, December 3rd.

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

Peoples Bancorp of North Carolina Trading Up 1.8 %

Shares of NASDAQ:PEBK opened at $32.01 on Monday. The business has a 50-day moving average price of $27.02 and a 200-day moving average price of $28.48. The stock has a market cap of $174.77 million, a price-to-earnings ratio of 10.85 and a beta of 0.57. Peoples Bancorp of North Carolina has a 52-week low of $23.74 and a 52-week high of $32.43. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last released its quarterly earnings data on Monday, October 21st. The bank reported $0.72 earnings per share for the quarter. The business 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 Activity

In related news, Director James S. Abernethy sold 2,500 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $28.73, for a total transaction of $71,825.00. Following the completion of the sale, the director now owns 76,976 shares of the company’s stock, valued at approximately $2,211,520.48. This represents a 3.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 5,500 shares of company stock worth $156,055 over the last three months. 16.94% of the stock is currently owned by corporate 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.