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

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) announced a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.20 per share by the bank on Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date is Monday, March 3rd. This is a positive change from Peoples Bancorp of North Carolina’s previous quarterly dividend of $0.19.

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 Performance

Shares of PEBK opened at $26.92 on Tuesday. The firm has a market cap of $146.93 million, a P/E ratio of 9.03 and a beta of 0.60. Peoples Bancorp of North Carolina has a twelve month low of $23.74 and a twelve month high of $33.31. 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 firm’s 50 day moving average price is $29.94 and its two-hundred day moving average price is $28.67.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last released its earnings results on Wednesday, February 12th. The bank reported $0.65 earnings per share (EPS) for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.85% and a net margin of 15.08%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Peoples Bancorp of North Carolina from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th.

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.