Peoples Bancorp of North Carolina, Inc. (PEBK) To Go Ex-Dividend on September 3rd

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) declared a quarterly dividend on Thursday, August 20th. Stockholders of record on Thursday, September 3rd will be given a dividend of 0.21 per share by the bank on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Thursday, September 3rd.

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

Peoples Bancorp of North Carolina Trading Down 0.2%

Shares of PEBK stock opened at $43.70 on Tuesday. The company has a market cap of $238.60 million, a P/E ratio of 12.01 and a beta of 0.29. Peoples Bancorp of North Carolina has a fifty-two week low of $27.33 and a fifty-two week high of $45.78. The stock has a 50 day simple moving average of $43.33 and a two-hundred day simple moving average of $41.32. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.86 and a current ratio of 0.86.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last announced its quarterly earnings data on Monday, July 20th. The bank reported $0.96 earnings per share for the quarter. The firm had revenue of $23.11 million for the quarter. Peoples Bancorp of North Carolina had a net margin of 17.25% and a return on equity of 12.75%.

Insider Buying and Selling

In other news, Director Robert C. Abernethy sold 5,247 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $43.34, for a total transaction of $227,404.98. Following the transaction, the director owned 108,116 shares of the company’s stock, valued at $4,685,747.44. This represents a 4.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James S. Abernethy sold 1,000 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $43.11, for a total transaction of $43,110.00. Following the sale, the director directly owned 65,626 shares in the company, valued at $2,829,136.86. The trade was a 1.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 9,697 shares of company stock worth $418,113. Insiders own 14.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System boosted its position in shares of Peoples Bancorp of North Carolina by 1,014.9% during the 2nd quarter. California State Teachers Retirement System now owns 2,542 shares of the bank’s stock valued at $110,000 after acquiring an additional 2,314 shares during the last quarter. GTS Securities LLC bought a new stake in Peoples Bancorp of North Carolina during the second quarter worth about $219,000. Empowered Funds LLC purchased a new position in shares of Peoples Bancorp of North Carolina in the 2nd quarter worth about $527,000. Bank of America Corp DE purchased a new position in shares of Peoples Bancorp of North Carolina in the 2nd quarter worth about $602,000. Finally, BlackRock Inc. bought a new position in shares of Peoples Bancorp of North Carolina during the 2nd quarter valued at about $17,249,000. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

About Peoples Bancorp of North Carolina

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.