Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Declares Quarterly Dividend of $0.20

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) declared a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be given a dividend of 0.20 per share by the bank on Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 2.97%. The ex-dividend date is Monday, March 3rd. This is an increase from Peoples Bancorp of North Carolina’s previous quarterly dividend of $0.19.

Peoples Bancorp of North Carolina has increased its dividend payment by an average of 4.8% per year over the last three years.

Peoples Bancorp of North Carolina Price Performance

Peoples Bancorp of North Carolina stock opened at $26.92 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $146.93 million, a PE ratio of 9.03 and a beta of 0.60. Peoples Bancorp of North Carolina has a 12 month low of $23.74 and a 12 month high of $33.31. The stock has a 50-day moving average price of $29.94 and a two-hundred day moving average price of $28.67.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its earnings results on Wednesday, February 12th. The bank reported $0.65 EPS for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.85% and a net margin of 15.08%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Peoples Bancorp of North Carolina from a “hold” rating to a “buy” rating in a report on Thursday, February 13th.

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.