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

Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) announced its quarterly earnings data on Monday. The bank reported $0.95 earnings per share for the quarter, Zacks reports. Peoples Bancorp of North Carolina had a net margin of 15.35% and a return on equity of 12.65%.

Peoples Bancorp of North Carolina Stock Performance

NASDAQ PEBK traded up $0.84 during trading hours on Monday, hitting $29.70. 2,653 shares of the company's stock traded hands, compared to its average volume of 14,693. The firm has a market capitalization of $162.13 million, a P/E ratio of 9.57 and a beta of 0.62. Peoples Bancorp of North Carolina has a 52 week low of $23.74 and a 52 week high of $33.31. The business's fifty day moving average price is $28.85 and its two-hundred day moving average price is $28.21. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11.

Peoples Bancorp of North Carolina Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, June 3rd were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $0.80 annualized dividend and a yield of 2.69%. Peoples Bancorp of North Carolina's dividend payout ratio (DPR) is 26.23%.

Institutional Trading of Peoples Bancorp of North Carolina

An institutional investor recently raised its position in Peoples Bancorp of North Carolina stock. Empowered Funds LLC increased its stake in shares of Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Free Report) by 7.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,009 shares of the bank's stock after acquiring an additional 2,244 shares during the quarter. Empowered Funds LLC owned about 0.62% of Peoples Bancorp of North Carolina worth $926,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 43.83% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Peoples Bancorp of North Carolina from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th.

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.

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