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

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) declared a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Stockholders 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 annualized dividend 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% annually over the last three years and has increased its dividend every year for the last 11 years.

Peoples Bancorp of North Carolina Stock Up 1.8 %

Peoples Bancorp of North Carolina stock opened at $32.01 on Friday. Peoples Bancorp of North Carolina has a one year low of $23.74 and a one year high of $32.43. The stock has a fifty day moving average of $27.02 and a 200 day moving average of $28.49. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $174.77 million, a PE ratio of 10.85 and a beta of 0.57.

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

Insider Buying and Selling at Peoples Bancorp of North Carolina

In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 1,000 shares of Peoples Bancorp of North Carolina stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $25.57, for a total transaction of $25,570.00. Following the transaction, the director now owns 75,976 shares of the company’s stock, valued at $1,942,706.32. The trade was a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 5,500 shares of company stock valued at $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.