Peoples Bancorp of North Carolina, Inc. (PEBK) Declares Dividend Increase – $0.12 Per Share
Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) announced a quarterly dividend on Tuesday, November 21st, Wall Street Journal reports. Stockholders of record on Monday, December 4th will be paid a dividend of 0.12 per share by the bank on Friday, December 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, December 1st. This is a boost from Peoples Bancorp of North Carolina’s previous quarterly dividend of $0.11.
Shares of Peoples Bancorp of North Carolina (NASDAQ PEBK) traded down $0.29 during trading on Tuesday, reaching $33.20. 3,623 shares of the company traded hands, compared to its average volume of 14,558. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.35. Peoples Bancorp of North Carolina has a one year low of $21.61 and a one year high of $39.73.
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In related news, Director James S. Abernethy sold 1,000 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $30.13, for a total value of $30,130.00. Following the completion of the transaction, the director now owns 65,557 shares of the company’s stock, valued at approximately $1,975,232.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 10.88% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company bought a new position in Peoples Bancorp of North Carolina in the 2nd quarter worth $158,000. California State Teachers Retirement System bought a new position in Peoples Bancorp of North Carolina in the 2nd quarter worth $237,000. Finally, State Street Corp bought a new position in Peoples Bancorp of North Carolina in the 2nd quarter worth $1,366,000. 30.80% of the stock is owned by institutional investors.
Peoples Bancorp of North Carolina Company Profile
Peoples Bancorp of North Carolina, Inc is a holding company for Peoples Bank (the Bank). The Bank is a state-chartered commercial bank, which serves the citizens and business interests of the Catawba Valley and surrounding communities. The Bank has approximately 20 banking offices located in Lincolnton, Newton, Denver, Catawba, Conover, Maiden, Claremont, Hiddenite, Hickory, Charlotte, Monroe, Cornelius, Mooresville Raleigh and North Carolina.
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