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

Posted by Don Miller on Jan 17th, 2025

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK – Get Free Report) announced a special dividend on Friday, January 17th,RTT News reports. Shareholders of record on Monday, February 3rd will be paid a dividend of 0.16 per share by the bank on Friday, February 14th.

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 1.3 %

PEBK stock traded down $0.40 during midday trading on Friday, reaching $29.51. 1,899 shares of the company were exchanged, compared to its average volume of 15,586. The company has a market cap of $161.15 million, a price-to-earnings ratio of 10.00 and a beta of 0.62. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. Peoples Bancorp of North Carolina has a 1-year low of $23.74 and a 1-year high of $33.31. The stock’s 50-day simple moving average is $30.91 and its 200 day simple moving average is $28.86.

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

Insider Activity

In other news, Director James S. Abernethy sold 1,000 shares of Peoples Bancorp of North Carolina stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $30.02, for a total value of $30,020.00. Following the transaction, the director now directly owns 73,976 shares of the company’s stock, valued at $2,220,759.52. The trade was a 1.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 3,500 shares of company stock valued at $100,180. Insiders own 17.44% of the company’s stock.

Peoples Bancorp of North Carolina Company Profile

(Get Free Report)

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.