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

Peoples Bancorp of North Carolina (NASDAQ:PEBK) announced its earnings results on Wednesday. The bank reported $0.65 earnings per share (EPS) for the quarter, Zacks reports. Peoples Bancorp of North Carolina had a return on equity of 12.92% and a net margin of 15.27%.

Peoples Bancorp of North Carolina Stock Down 1.2 %

NASDAQ:PEBK traded down $0.37 during mid-day trading on Wednesday, hitting $29.94. The company had a trading volume of 452 shares, compared to its average volume of 10,448. The firm has a market capitalization of $163.47 million, a price-to-earnings ratio of 10.11 and a beta of 0.60. Peoples Bancorp of North Carolina has a 1 year low of $23.74 and a 1 year high of $33.31. The business has a fifty day simple moving average of $30.45 and a 200-day simple moving average of $28.76. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11.

Peoples Bancorp of North Carolina Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.16 per share. The ex-dividend date is Monday, February 3rd. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is 25.76%.

Insider Activity

In other news, Director James S. Abernethy sold 1,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $30.02, for a total value of $30,020.00. Following the transaction, the director now directly owns 73,976 shares of the company’s stock, valued at approximately $2,220,759.52. This represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate 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.