Peoples Bancorp of North Carolina, Inc. (PEBK) Raises Dividend to $0.10 Per Share

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) declared a dividend on Wednesday, January 9th, Fidelity reports. Stockholders of record on Monday, February 4th will be paid a dividend of 0.10 per share by the bank on Monday, February 18th. The ex-dividend date is Friday, February 1st. This is a boost from Peoples Bancorp of North Carolina’s previous dividend of $0.08.

Peoples Bancorp of North Carolina has raised its dividend payment by an average of 22.9% annually over the last three years and has increased its dividend annually for the last 6 consecutive years.

Shares of PEBK stock opened at $26.30 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $157.68 million, a PE ratio of 12.58 and a beta of 0.67. Peoples Bancorp of North Carolina has a 12 month low of $20.03 and a 12 month high of $33.49.

Separately, ValuEngine upgraded Peoples Bancorp of North Carolina from a “sell” rating to a “hold” rating in a research report on Tuesday, November 13th.

In related news, Chairman Robert C. Abernethy purchased 968 shares of the stock in a transaction on Thursday, November 29th. The shares were purchased at an average cost of $29.00 per share, for a total transaction of $28,072.00. Following the completion of the transaction, the chairman now directly owns 165,234 shares of the company’s stock, valued at approximately $4,791,786. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 11.17% of the company’s stock.

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Peoples Bancorp of North Carolina Company Profile

Peoples Bancorp of North Carolina, Inc operates as the holding company for Peoples Bank that provides various banking products and services to individuals and small to medium-sized businesses. It offers various deposit products. The company's loan products comprise commercial real estate, commercial, construction and land development, single-family residential, residential mortgage, individual taxpayer identification number mortgage loans, and consumer loans, as well as agricultural loans.

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Dividend History for Peoples Bancorp of North Carolina (NASDAQ:PEBK)

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