Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Declares $0.16 Special Dividend

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Get Free Report) announced a special dividend on Friday, January 17th,RTT News reports. Investors of record on Monday, February 3rd will be paid a dividend of 0.16 per share by the bank on Friday, February 14th.

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

Peoples Bancorp of North Carolina Trading Down 2.4 %

NASDAQ:PEBK traded down $0.73 on Friday, reaching $29.18. 7,080 shares of the company's stock were exchanged, compared to its average volume of 11,131. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $159.32 million, a price-to-earnings ratio of 9.89 and a beta of 0.62. The business has a fifty day moving average of $30.91 and a 200-day moving average of $28.87. Peoples Bancorp of North Carolina has a 52-week low of $23.74 and a 52-week high of $33.31.

Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The bank reported $0.72 earnings per share (EPS) for the quarter. The company had revenue of $20.64 million for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.27% and a return on equity of 12.92%.

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 Friday, November 22nd. The shares were sold at an average price of $30.02, for a total transaction of $30,020.00. Following the sale, the director now directly owns 73,976 shares in the company, valued at approximately $2,220,759.52. This represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 3,500 shares of company stock worth $100,180. Company insiders own 17.44% 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.