Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Announces Quarterly Dividend of $0.21

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) declared a quarterly dividend on Friday, May 22nd. 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 raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Peoples Bancorp of North Carolina Stock Down 1.2%

NASDAQ PEBK traded down $0.51 on Friday, reaching $42.05. The company had a trading volume of 32,699 shares, compared to its average volume of 26,897. The firm has a market capitalization of $229.59 million, a PE ratio of 11.58 and a beta of 0.28. Peoples Bancorp of North Carolina has a 1 year low of $26.81 and a 1 year high of $43.31. The firm has a 50-day moving average of $39.80 and a 200-day moving average of $37.06. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.85 and a quick ratio of 0.85.

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

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.