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

Peoples Bancorp of North Carolina (NASDAQ:PEBK) announced its quarterly earnings results on Monday. The bank reported $0.79 earnings per share (EPS) 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%.

Peoples Bancorp of North Carolina Trading Up 1.0 %

Peoples Bancorp of North Carolina stock traded up $0.26 during mid-day trading on Monday, hitting $25.98. The company’s stock had a trading volume of 370 shares, compared to its average volume of 20,082. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81. Peoples Bancorp of North Carolina has a 12 month low of $23.74 and a 12 month high of $33.31. The business has a 50 day moving average price of $27.11 and a 200-day moving average price of $28.41. The stock has a market cap of $141.82 million, a price-to-earnings ratio of 8.72 and a beta of 0.44.

Peoples Bancorp of North Carolina Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.08%. This is a boost from Peoples Bancorp of North Carolina’s previous quarterly dividend of $0.19. The ex-dividend date was Monday, March 3rd. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is currently 26.85%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Peoples Bancorp of North Carolina from a “buy” rating to a “hold” rating in a research note on Saturday, March 29th.

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.