Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) announced a quarterly dividend on Friday, August 18th, NASDAQ reports. Investors of record on Tuesday, September 5th will be given a dividend of 0.12 per share by the bank on Friday, September 15th. This represents a $0.48 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Thursday, August 31st.

Shares of Peoples Bancorp of North Carolina (NASDAQ PEBK) opened at 29.98 on Friday. The stock has a market cap of $163.39 million, a price-to-earnings ratio of 18.87 and a beta of 0.53. The company’s 50-day moving average price is $31.33 and its 200 day moving average price is $29.45. Peoples Bancorp of North Carolina has a 12-month low of $19.80 and a 12-month high of $39.73.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last released its quarterly earnings data on Monday, July 24th. The bank reported $0.51 EPS for the quarter. Peoples Bancorp of North Carolina had a return on equity of 7.93% and a net margin of 16.28%. The company had revenue of $13.12 million for the quarter. On average, equities analysts predict that Peoples Bancorp of North Carolina will post $0.33 earnings per share for the current year.

In other Peoples Bancorp of North Carolina news, Director James S. Abernethy sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $31.05, for a total value of $31,050.00. Following the completion of the sale, the director now directly owns 66,557 shares in the company, valued at $2,066,594.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.88% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company bought a new position in Peoples Bancorp of North Carolina during the second quarter valued at approximately $158,000. California State Teachers Retirement System bought a new position in Peoples Bancorp of North Carolina during the second quarter valued at approximately $237,000. Finally, State Street Corp bought a new position in Peoples Bancorp of North Carolina during the second quarter valued at approximately $1,366,000. 26.73% of the stock is currently owned by institutional investors.

Separately, ValuEngine raised Peoples Bancorp of North Carolina from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd.

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About Peoples Bancorp of North Carolina

Peoples Bancorp of North Carolina, Inc is a holding company for Peoples Bank (the Bank). The Bank is a state-chartered commercial bank, which serves the citizens and business interests of the Catawba Valley and surrounding communities. The Bank has approximately 20 banking offices located in Lincolnton, Newton, Denver, Catawba, Conover, Maiden, Claremont, Hiddenite, Hickory, Charlotte, Monroe, Cornelius, Mooresville Raleigh and North Carolina.

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

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