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

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) declared a quarterly dividend on Tuesday, November 26th,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 2.42%. The ex-dividend date is Tuesday, December 3rd.

Peoples Bancorp of North Carolina has increased its dividend payment by an average of 8.2% per year over the last three years and has increased its dividend every year for the last 11 years.

Peoples Bancorp of North Carolina Price Performance

NASDAQ:PEBK traded down $0.03 during trading hours on Tuesday, hitting $31.40. 267,300 shares of the company’s stock traded hands, compared to its average volume of 19,814. The firm has a market cap of $171.44 million, a P/E ratio of 10.66 and a beta of 0.57. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The business’s fifty day simple moving average is $26.73 and its two-hundred day simple moving average is $28.45. Peoples Bancorp of North Carolina has a 52 week low of $23.74 and a 52 week high of $32.37.

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

Insider Transactions at Peoples Bancorp of North Carolina

In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 1,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $29.02, for a total transaction of $29,020.00. Following the transaction, the director now directly owns 40,900 shares in the company, valued at $1,186,918. This trade represents a 2.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 6,500 shares of company stock valued at $185,075 in the last quarter. Insiders own 17.44% 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.