Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) issued its quarterly earnings results on Monday. The bank reported $0.95 earnings per share for the quarter, Zacks reports. The company had revenue of $22.29 million for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.60% and a net margin of 15.49%.
Peoples Bancorp of North Carolina Trading Down 1.1%
Shares of PEBK traded down $0.33 during trading hours on Thursday, hitting $29.57. The stock had a trading volume of 978 shares, compared to its average volume of 8,231. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $161.45 million, a P/E ratio of 9.51 and a beta of 0.62. The company's fifty day simple moving average is $28.87 and its 200 day simple moving average is $28.23. Peoples Bancorp of North Carolina has a 12-month low of $23.74 and a 12-month high of $33.31.
Peoples Bancorp of North Carolina Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, June 3rd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Tuesday, June 3rd. Peoples Bancorp of North Carolina's dividend payout ratio (DPR) is currently 26.23%.
Analysts Set New Price Targets
Separately, Wall Street Zen raised Peoples Bancorp of North Carolina from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th.
Get Our Latest Analysis on PEBK
Institutional Inflows and Outflows
An institutional investor recently raised its position in Peoples Bancorp of North Carolina stock. Empowered Funds LLC boosted its stake in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Free Report) by 7.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,009 shares of the bank's stock after purchasing an additional 2,244 shares during the period. Empowered Funds LLC owned approximately 0.62% of Peoples Bancorp of North Carolina worth $926,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 43.83% of the company's stock.
About Peoples Bancorp of North Carolina
(
Get Free Report)
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.
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