Peoples Bancorp of North Carolina, Inc. (PEBK) to Issue Annual Dividend of $0.17 on February 13th

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) announced an annual dividend on Thursday, January 22nd. Shareholders of record on Wednesday, February 4th will be paid a dividend of 0.17 per share by the bank on Friday, February 13th. This represents a yield of 47.0%. The ex-dividend date of this dividend is Wednesday, February 4th.

Peoples Bancorp of North Carolina has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

Peoples Bancorp of North Carolina Price Performance

Peoples Bancorp of North Carolina stock traded up $0.87 during mid-day trading on Monday, hitting $37.50. The company’s stock had a trading volume of 4,272 shares, compared to its average volume of 11,753. The stock has a market capitalization of $204.71 million, a P/E ratio of 10.36 and a beta of 0.36. Peoples Bancorp of North Carolina has a twelve month low of $23.74 and a twelve month high of $38.46. The stock’s fifty day moving average price is $35.71 and its two-hundred day moving average price is $32.15. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.10.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last released its quarterly earnings data on Monday, January 26th. The bank reported $1.21 earnings per share for the quarter. The business had revenue of $24.99 million during the quarter. Peoples Bancorp of North Carolina had a return on equity of 13.77% and a net margin of 17.30%.

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in Peoples Bancorp of North Carolina by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 157,281 shares of the bank’s stock worth $4,822,000 after purchasing an additional 794 shares during the period. Geode Capital Management LLC lifted its stake in shares of Peoples Bancorp of North Carolina by 0.5% in the second quarter. Geode Capital Management LLC now owns 109,401 shares of the bank’s stock worth $3,157,000 after buying an additional 530 shares during the last quarter. Maltese Capital Management LLC boosted its holdings in shares of Peoples Bancorp of North Carolina by 9.7% during the 3rd quarter. Maltese Capital Management LLC now owns 49,346 shares of the bank’s stock worth $1,513,000 after buying an additional 4,346 shares during the period. Fourthstone LLC boosted its holdings in shares of Peoples Bancorp of North Carolina by 115.2% during the 2nd quarter. Fourthstone LLC now owns 35,162 shares of the bank’s stock worth $1,014,000 after buying an additional 18,825 shares during the period. Finally, Empowered Funds LLC grew its stake in Peoples Bancorp of North Carolina by 7.1% in the 1st quarter. Empowered Funds LLC now owns 34,009 shares of the bank’s stock valued at $926,000 after buying an additional 2,244 shares during the last quarter. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

About Peoples Bancorp of North Carolina

Peoples Bancorp of North Carolina, Inc is a bank holding company headquartered in Hickory, North Carolina, that operates through its wholly owned subsidiary, Peoples Bank. The company provides a comprehensive suite of banking and financial services tailored to individuals, small businesses, and municipal clients in the western region of North Carolina.

Through its community banking network, Peoples Bancorp offers deposit products such as checking, savings, money market accounts and certificates of deposit, alongside consumer and commercial lending solutions.