Peoples Bancorp of North Carolina, Inc. to Issue Quarterly Dividend of $0.21 (NASDAQ:PEBK)

Key Points

• Peoples Bancorp of North Carolina declared a quarterly dividend of $0.21 per share, payable September 15 to shareholders of record on September 3. The dividend implies a 1.9% annualized yield.
• The bank reported quarterly EPS of $0.96 on revenue of $23.11 million, with a 12.75% return on equity and a 17.25% net margin.
• Shares opened at $43.70, near their 52-week high of $45.78, while Weiss Ratings upgraded the stock to “buy (b+).” MarketBeat’s consensus rating is “Buy.”

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Get Free Report) announced a quarterly dividend on Thursday, August 20th. Shareholders of record on Thursday, September 3rd will be given a dividend of 0.21 per share by the bank on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date is Thursday, September 3rd.

Peoples Bancorp of North Carolina has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

Peoples Bancorp of North Carolina Trading Down 0.2%

Shares of PEBK opened at $43.70 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.86 and a current ratio of 0.86. Peoples Bancorp of North Carolina has a 52-week low of $27.33 and a 52-week high of $45.78. The firm has a market cap of $238.60 million, a price-to-earnings ratio of 12.01 and a beta of 0.29. The business's fifty day moving average is $43.33 and its 200-day moving average is $41.32.

Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last released its earnings results on Monday, July 20th. The bank reported $0.96 earnings per share (EPS) for the quarter. The firm had revenue of $23.11 million for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.75% and a net margin of 17.25%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Peoples Bancorp of North Carolina from a "buy (b)" rating to a "buy (b+)" rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Peoples Bancorp of North Carolina currently has an average rating of "Buy".

About Peoples Bancorp of North Carolina

Peoples Bancorp of North Carolina, Inc is a bank holding company headquartered in Hickory, North Carolina, that operates through its wholly owned subsidiary, Peoples Bank. The company provides a comprehensive suite of banking and financial services tailored to individuals, small businesses, and municipal clients in the western region of North Carolina.

Through its community banking network, Peoples Bancorp offers deposit products such as checking, savings, money market accounts and certificates of deposit, alongside consumer and commercial lending solutions.

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