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

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

Peoples Bancorp of North Carolina Stock Performance

Peoples Bancorp of North Carolina stock traded down $0.37 during trading hours on Wednesday, hitting $29.94. The company had a trading volume of 452 shares, compared to its average volume of 10,448. The firm has a market cap of $163.47 million, a PE ratio of 10.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81. Peoples Bancorp of North Carolina has a one year low of $23.74 and a one year high of $33.31. The firm has a 50-day moving average of $30.45 and a 200 day moving average of $28.76.

Peoples Bancorp of North Carolina Announces Dividend

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

Insider Buying and Selling at Peoples Bancorp of North Carolina

In other news, Director James S. Abernethy sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $30.02, for a total transaction of $30,020.00. Following the transaction, the director now directly owns 73,976 shares of the company’s stock, valued at approximately $2,220,759.52. This trade represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 16.94% of the company’s stock.

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.