Peoples Bancorp of North Carolina, Inc. (PEBK) to Issue Quarterly Dividend of $0.21 on June 15th

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Wednesday, June 3rd will be given a dividend of 0.21 per share by the bank on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, June 3rd.

Peoples Bancorp of North Carolina has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years.

Peoples Bancorp of North Carolina Price Performance

PEBK stock opened at $42.10 on Monday. Peoples Bancorp of North Carolina has a 12-month low of $26.81 and a 12-month high of $43.31. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.10. The company has a market cap of $229.87 million, a price-to-earnings ratio of 11.60 and a beta of 0.30. The company has a 50 day moving average of $40.35 and a two-hundred day moving average of $37.60.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last released its earnings results on Monday, April 20th. The bank reported $0.80 earnings per share (EPS) for the quarter. Peoples Bancorp of North Carolina had a net margin of 17.22% and a return on equity of 13.07%. The company had revenue of $21.57 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Peoples Bancorp of North Carolina from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Peoples Bancorp of North Carolina Company Profile

Peoples Bancorp of North Carolina, Inc is a bank holding company headquartered in Hickory, North Carolina, that operates through its wholly owned subsidiary, Peoples Bank. The company provides a comprehensive suite of banking and financial services tailored to individuals, small businesses, and municipal clients in the western region of North Carolina.

Through its community banking network, Peoples Bancorp offers deposit products such as checking, savings, money market accounts and certificates of deposit, alongside consumer and commercial lending solutions.