Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Declares Dividend Increase – $0.20 Per Share

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) declared a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Stockholders of record on Monday, March 3rd will be paid a dividend of 0.20 per share by the bank on Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Monday, March 3rd. This is an increase from Peoples Bancorp of North Carolina’s previous quarterly dividend of $0.19.

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

Peoples Bancorp of North Carolina Stock Down 1.6 %

NASDAQ:PEBK traded down $0.44 during mid-day trading on Monday, hitting $26.92. The stock had a trading volume of 10,153 shares, compared to its average volume of 10,284. Peoples Bancorp of North Carolina has a twelve month low of $23.74 and a twelve month high of $33.31. The stock has a 50-day simple moving average of $30.05 and a two-hundred day simple moving average of $28.69. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $146.93 million, a PE ratio of 9.03 and a beta of 0.60.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last announced its quarterly earnings data on Wednesday, February 12th. The bank reported $0.65 earnings per share for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.08% and a return on equity of 12.85%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Peoples Bancorp of North Carolina from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th.

About Peoples Bancorp of North Carolina

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.