Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Plans Dividend Increase – $0.20 Per Share

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.20 per share by the bank on Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from Peoples Bancorp of North Carolina’s previous quarterly dividend of $0.19.

Peoples Bancorp of North Carolina has increased its dividend by an average of 4.8% per year over the last three years.

Peoples Bancorp of North Carolina Trading Down 1.0 %

NASDAQ PEBK opened at $26.42 on Friday. Peoples Bancorp of North Carolina has a 52 week low of $23.74 and a 52 week high of $33.31. The stock has a market capitalization of $144.20 million, a price-to-earnings ratio of 8.87 and a beta of 0.60. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. The stock’s 50 day moving average price is $29.64 and its two-hundred day moving average price is $28.63.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its quarterly earnings results on Wednesday, February 12th. The bank reported $0.65 earnings per share for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.85% and a net margin of 15.08%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Peoples Bancorp of North Carolina from a “buy” rating to a “hold” rating in a report on Tuesday.

About Peoples Bancorp of North Carolina

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.