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

Peoples Bancorp of North Carolina (NASDAQ:PEBK) issued its earnings results on Monday. The bank reported $0.79 EPS for the quarter, Zacks reports. Peoples Bancorp of North Carolina had a return on equity of 12.85% and a net margin of 15.08%.

Peoples Bancorp of North Carolina Price Performance

Shares of NASDAQ:PEBK opened at $25.78 on Monday. The firm has a market cap of $140.71 million, a PE ratio of 8.64 and a beta of 0.44. Peoples Bancorp of North Carolina has a 52 week low of $23.74 and a 52 week high of $33.31. The firm’s fifty day moving average is $27.11 and its 200-day moving average is $28.41. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81.

Peoples Bancorp of North Carolina Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 3rd. This is an increase from Peoples Bancorp of North Carolina’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 3.10%. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is currently 26.85%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Peoples Bancorp of North Carolina from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th.

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.