Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK – Get Free Report) announced a quarterly dividend on Monday, August 19th, Zacks reports. Investors of record on Tuesday, September 3rd will be given a dividend of 0.19 per share by the bank on Friday, September 13th. This represents a $0.76 annualized dividend and a yield of 2.61%. The ex-dividend date is Tuesday, September 3rd.
Peoples Bancorp of North Carolina has increased its dividend by an average of 8.2% per year over the last three years and has increased its dividend every year for the last 11 years.
Peoples Bancorp of North Carolina Price Performance
PEBK stock opened at $29.11 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $158.94 million, a price-to-earnings ratio of 9.94 and a beta of 0.58. The firm has a 50 day moving average price of $29.55 and a 200-day moving average price of $28.85. Peoples Bancorp of North Carolina has a 52-week low of $18.81 and a 52-week high of $32.37.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Peoples Bancorp of North Carolina from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th.
Check Out Our Latest Stock Analysis on Peoples Bancorp of North Carolina
Insider Buying and Selling
In related news, Director James S. Abernethy sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $29.15, for a total value of $29,150.00. Following the transaction, the director now directly owns 80,086 shares of the company’s stock, valued at approximately $2,334,506.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 1,000 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $29.15, for a total transaction of $29,150.00. Following the transaction, the director now owns 80,086 shares in the company, valued at approximately $2,334,506.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kim Boyd-Leaks sold 8,686 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $28.91, for a total transaction of $251,112.26. Following the sale, the director now directly owns 1,022 shares in the company, valued at approximately $29,546.02. The disclosure for this sale can be found here. Insiders sold a total of 10,186 shares of company stock worth $294,662 in the last three months. Insiders own 16.94% of the company’s stock.
Peoples Bancorp of North Carolina Company Profile
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.
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