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

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) announced a quarterly dividend on Thursday, November 21st,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 yield of 2.37%. 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% annually over the last three years and has raised its dividend annually for the last 11 consecutive years.

Peoples Bancorp of North Carolina Price Performance

Peoples Bancorp of North Carolina stock opened at $32.01 on Friday. The company’s 50 day moving average price is $27.02 and its two-hundred day moving average price is $28.49. 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 has a 52 week low of $23.74 and a 52 week high of $32.43. The stock has a market cap of $174.77 million, a P/E ratio of 10.85 and a beta of 0.57.

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

Insider Activity

In other news, Director James S. Abernethy sold 1,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $30.02, for a total transaction of $30,020.00. Following the transaction, the director now owns 73,976 shares of the company’s stock, valued at $2,220,759.52. This represents a 1.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 5,500 shares of company stock valued at $156,055 in the last three months. Company 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.