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

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

Peoples Bancorp of North Carolina Trading Down 0.7 %

NASDAQ PEBK traded down $0.19 during trading hours on Friday, hitting $26.50. 2,726 shares of the company's stock were exchanged, compared to its average volume of 20,080. The business's 50 day moving average is $26.77 and its 200-day moving average is $28.44. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current 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 firm has a market capitalization of $144.66 million, a P/E ratio of 8.89 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. Stockholders of record on Monday, March 3rd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Peoples Bancorp of North Carolina's previous quarterly dividend of $0.19. Peoples Bancorp of North Carolina's payout ratio is currently 26.23%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Peoples Bancorp of North Carolina from a "hold" rating to a "buy" rating in a report on Thursday.

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.