Peoples Bancorp of North Carolina, Inc. Declares Special Dividend of $0.16 (NASDAQ:PEBK)

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) declared a special dividend on Friday, January 17th,RTT News reports. Investors of record on Monday, February 3rd will be given a dividend of 0.16 per share by the bank on Friday, February 14th.

Peoples Bancorp of North Carolina has increased its dividend by an average of 4.8% per year over the last three years.

Peoples Bancorp of North Carolina Stock Down 2.4 %

Shares of Peoples Bancorp of North Carolina stock opened at $29.18 on Friday. The stock’s 50-day moving average is $30.91 and its 200 day moving average is $28.87. Peoples Bancorp of North Carolina has a one year low of $23.74 and a one year high of $33.31. The firm has a market cap of $159.32 million, a price-to-earnings ratio of 9.89 and a beta of 0.62. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81.

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

Insiders Place Their Bets

In other news, Director James S. Abernethy sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $28.64, for a total transaction of $28,640.00. Following the completion of the sale, the director now owns 74,976 shares in the company, valued at $2,147,312.64. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 3,500 shares of company stock worth $100,180. 17.44% of the stock is currently owned by company insiders.

Peoples Bancorp of North Carolina Company Profile

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.