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

Peoples Bancorp of North Carolina (NASDAQ:PEBK) announced its quarterly earnings results on Wednesday. The bank reported $0.65 earnings per share (EPS) 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 Stock Up 1.0 %

Peoples Bancorp of North Carolina stock traded up $0.30 during trading hours on Thursday, reaching $29.96. The stock had a trading volume of 240 shares, compared to its average volume of 10,241. The company has a market cap of $163.55 million, a price-to-earnings ratio of 10.15 and a beta of 0.60. The business’s 50 day moving average price is $30.41 and its 200-day moving average price is $28.77. Peoples Bancorp of North Carolina has a 52 week low of $23.74 and a 52 week high of $33.31. 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 Dividend Announcement

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

Insider Transactions at Peoples Bancorp of North Carolina

In related news, Director James S. Abernethy sold 1,000 shares of the company’s stock in a transaction dated 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 directly 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 SEC, which is available at 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.