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

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) declared a quarterly dividend on Monday, May 19th, Wall Street Journal reports. Stockholders of record on Tuesday, June 3rd will be given a dividend of 0.20 per share by the bank on Friday, June 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Tuesday, June 3rd.

Peoples Bancorp of North Carolina has increased its dividend payment by an average of 4.8% annually over the last three years and has increased its dividend every year for the last 1 years.

Peoples Bancorp of North Carolina Stock Down 1.7%

Shares of PEBK stock traded down $0.52 during mid-day trading on Monday, hitting $29.52. The company’s stock had a trading volume of 3,920 shares, compared to its average volume of 19,710. Peoples Bancorp of North Carolina has a 52-week low of $23.74 and a 52-week high of $33.31. The business has a 50-day moving average price of $27.27 and a 200 day moving average price of $28.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $161.15 million, a price-to-earnings ratio of 9.91 and a beta of 0.63.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last issued its quarterly earnings data on Monday, April 21st. The bank reported $0.79 EPS for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.85% and a net margin of 15.08%. The company had revenue of $20.47 million during the quarter.

Hedge Funds Weigh In On Peoples Bancorp of North Carolina

A hedge fund recently raised its stake in Peoples Bancorp of North Carolina stock. Empowered Funds LLC increased its position in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 7.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,009 shares of the bank’s stock after buying an additional 2,244 shares during the period. Empowered Funds LLC owned 0.62% of Peoples Bancorp of North Carolina worth $926,000 at the end of the most recent quarter. 43.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Peoples Bancorp of North Carolina from a “hold” rating to a “buy” rating in a report on Thursday, April 24th.

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.