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

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

Peoples Bancorp of North Carolina Stock Up 1.8 %

Shares of NASDAQ PEBK opened at $32.01 on Monday. Peoples Bancorp of North Carolina has a 52-week low of $23.74 and a 52-week high of $32.43. The business’s 50 day moving average is $27.02 and its two-hundred day moving average is $28.48. The firm has a market cap of $174.77 million, a price-to-earnings ratio of 10.85 and a beta of 0.57. 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 earnings results on Monday, October 21st. The bank reported $0.72 earnings per share for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.92% and a net margin of 15.27%. The company had revenue of $20.64 million during the quarter.

Insider Activity at Peoples Bancorp of North Carolina

In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 1,000 shares of the business’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 completion of the transaction, the director now owns 73,976 shares in the company, valued at $2,220,759.52. The trade was a 1.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders sold 5,500 shares of company stock worth $156,055. Company 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.