People’s Bancorp of North Carolina, Inc. (NASDAQ:PEBK) announces quarterly dividend of $0.18 ^ North Carolina

People’s Bancorp of North Carolina, Inc. (NASDAQ:PEBK – Get Rating) announced a quarterly dividend on Monday, November 21, reports The Wall Street Journal. Shareholders of record on Friday December 2nd will receive a dividend of 0.18 per share from the bank on Thursday December 15th. That equates to an annualized dividend of $0.72 and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday 1st December.

North Carolina’s Peoples Bancorp has increased its dividend by an average of 8.3% annually for the last three years and by an average of 8.3% annually for the past 10 consecutive years.

Shares of North Carolina-based Peoples Bancorp rose 1.4%

Shares of PEBK stock on Monday rose $0.41 to hit $28.80. The stock had a trading volume of 8 shares compared to its average volume of 4,303. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt to equity ratio of 0.15. The company has a 50-day moving average price of $26.32 and a 200-day moving average price of $26.47. The company has a market cap of $162.89 million, a P/E of 10.80 and a beta of 0.68. Peoples Bancorp of North Carolina has a yearly low of $24.42 and a yearly high of $30.00.

Analyst upgrades and downgrades

Separately, StockNews.com began reporting on North Carolina’s Peoples Bancorp in a report Monday. They gave the company a buy rating.

Insider activity at Peoples Bancorp in North Carolina

In related news, Director James S. Abernethy sold 3,200 shares of Peoples Bancorp of North Carolina in a transaction on Friday, October 28th. The stock sold at an average price of $27.50 for a total value of $88,000.00. Upon completion of the sale, the Director now directly owns 43,620 shares of the Company, valued at $1,199,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed at this hyperlink. 18.61% of the shares are currently owned by company insiders.

Hedge funds influence North Carolina-based Peoples Bancorp

A number of major investors recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in North Carolina-based Peoples Bancorp by 271.7% in the third quarter. BlackRock Inc. now owns 45,146 shares of the bank, valued at $1,120,000, after purchasing an additional 32,999 shares last quarter. State Street Corp increased its stake in North Carolina-based Peoples Bancorp by 6.2% in the first quarter. State Street Corp now owns 12,327 shares of the bank, valued at $354,000, after buying another 724 shares last quarter. Fourthstone LLC increased its stake in North Carolina-based Peoples Bancorp by 1.3% in the first quarter. Fourthstone LLC now owns 251,828 shares of the bank valued at $7,227,000 after purchasing an additional 3,234 shares last quarter. Vanguard Group Inc. increased its stake in North Carolina-based Peoples Bancorp by 27.7% in the first quarter. Vanguard Group Inc. now owns 157,506 shares of the bank, valued at $4,520,000, after purchasing an additional 34,178 shares last quarter. Finally, Dimensional Fund Advisors LP increased its stake in North Carolina-based Peoples Bancorp by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 163,408 shares of the bank, valued at $4,690,000, after purchasing an additional 1,419 shares last quarter. 34.33% of the shares are currently held by institutional investors.

About Peoples Bancorp of North Carolina

(received rating)

Peoples Bancorp of North Carolina, Inc acts as the banking holding company for Peoples Bank, which provides a variety of business and consumer banking products and services to individuals and small to medium sized businesses. It offers checking, savings, money market and term deposits; sight deposits; and certificates of deposit and debt capital.

Selected Stories

Dividend History for Peoples Bancorp of North Carolina (NASDAQ:PEBK)

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