Peoples Bancorp of North Carolina (NASDAQ:PEBK) Posts Earnings Results

Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) posted its quarterly earnings data on Monday. The bank reported $0.79 earnings per share for the quarter, Zacks reports. Peoples Bancorp of North Carolina had a net margin of 15.08% and a return on equity of 12.85%. The business had revenue of $20.47 million during the quarter.

Peoples Bancorp of North Carolina Trading Up 0.7 %

PEBK traded up $0.18 during trading on Thursday, reaching $26.69. The company had a trading volume of 3,757 shares, compared to its average volume of 20,100. The firm's 50-day simple moving average is $26.83 and its 200 day simple moving average is $28.42. 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 company has a market cap of $145.70 million, a price-to-earnings ratio of 8.96 and a beta of 0.44. Peoples Bancorp of North Carolina has a 12-month low of $23.74 and a 12-month high of $33.31.

Peoples Bancorp of North Carolina Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.00%. This is an increase from Peoples Bancorp of North Carolina's previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 3rd. Peoples Bancorp of North Carolina's dividend payout ratio is currently 26.23%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Peoples Bancorp of North Carolina from a "buy" rating to a "hold" rating in a report on Saturday, March 29th.

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.