Peoples Bancorp of North Carolina, Inc. (PEBK) to Issue Quarterly Dividend of $0.20 on March 14th

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Monday, March 3rd will be given a dividend of 0.20 per share by the bank on Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from Peoples Bancorp of North Carolina’s previous quarterly dividend of $0.19.

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

Peoples Bancorp of North Carolina Stock Down 1.0 %

PEBK opened at $26.42 on Friday. Peoples Bancorp of North Carolina has a 12 month low of $23.74 and a 12 month high of $33.31. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $144.20 million, a P/E ratio of 8.87 and a beta of 0.60. The stock’s 50 day moving average price is $29.64 and its 200 day moving average price is $28.63.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last released its quarterly earnings data on Wednesday, February 12th. The bank reported $0.65 earnings per share 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 downgraded Peoples Bancorp of North Carolina from a “buy” rating to a “hold” rating in a report on Tuesday.

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.