Peoples Bancorp of North Carolina, Inc. (PEBK) To Go Ex-Dividend on September 3rd

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) declared 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 of this dividend is Thursday, September 3rd.

Peoples Bancorp of North Carolina has increased its dividend payment 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 Stock Performance

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

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

Insider Transactions at Peoples Bancorp of North Carolina

In other news, Director Robert C. Abernethy sold 5,247 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $43.34, for a total value of $227,404.98. Following the sale, the director owned 108,116 shares in the company, valued at approximately $4,685,747.44. This represents a 4.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James S. Abernethy sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $43.11, for a total transaction of $43,110.00. Following the completion of the transaction, the director directly owned 65,626 shares in the company, valued at $2,829,136.86. This represents a 1.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,697 shares of company stock valued at $418,113 over the last quarter. Company insiders own 14.50% of the company’s stock.

Institutional Trading of Peoples Bancorp of North Carolina

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Peoples Bancorp of North Carolina during the second quarter worth approximately $17,249,000. Fourthstone LLC increased its position in shares of Peoples Bancorp of North Carolina by 104.4% during the 4th quarter. Fourthstone LLC now owns 154,533 shares of the bank’s stock valued at $5,594,000 after purchasing an additional 78,921 shares during the period. Bank of America Corp DE bought a new stake in shares of Peoples Bancorp of North Carolina in the 2nd quarter worth $602,000. Empowered Funds LLC acquired a new stake in shares of Peoples Bancorp of North Carolina in the second quarter valued at $527,000. Finally, Renaissance Technologies LLC boosted its stake in Peoples Bancorp of North Carolina by 33.3% during the first quarter. Renaissance Technologies LLC now owns 37,614 shares of the bank’s stock valued at $1,473,000 after buying an additional 9,407 shares in the last quarter. 43.83% of the stock is currently owned by institutional investors.

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.