Peoples Bancorp of North Carolina (NASDAQ:PEBK) Posts Quarterly Earnings Results

Peoples Bancorp of North Carolina (NASDAQ:PEBK) released its earnings results on Wednesday. The bank reported $0.65 earnings per share for the quarter, Zacks reports. Peoples Bancorp of North Carolina had a return on equity of 12.92% and a net margin of 15.27%.

Peoples Bancorp of North Carolina Trading Down 1.6 %

NASDAQ:PEBK traded down $0.50 on Wednesday, hitting $29.81. 452 shares of the stock were exchanged, compared to its average volume of 10,448. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. Peoples Bancorp of North Carolina has a fifty-two week low of $23.74 and a fifty-two week high of $33.31. The stock has a market cap of $162.76 million, a PE ratio of 10.11 and a beta of 0.60. The stock has a fifty day moving average of $30.45 and a 200-day moving average of $28.76.

Peoples Bancorp of North Carolina Dividend Announcement

The company also recently declared a special dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.16 per share. The ex-dividend date is Monday, February 3rd. Peoples Bancorp of North Carolina’s dividend payout ratio is presently 25.76%.

Insider Activity

In other news, Director James S. Abernethy sold 1,000 shares of the 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 sale, the director now owns 73,976 shares in the company, valued at approximately $2,220,759.52. This trade represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 16.94% 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.