Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) declared a quarterly dividend on Tuesday, May 21st, Wall Street Journal reports. Shareholders of record on Monday, June 3rd will be paid a dividend of 0.14 per share by the bank on Friday, June 14th. This represents a $0.56 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Friday, May 31st.

Peoples Bancorp of North Carolina has raised its dividend payment by an average of 22.9% per year over the last three years and has raised its dividend every year for the last 6 years.

Peoples Bancorp of North Carolina stock traded down $0.30 during midday trading on Tuesday, hitting $27.69. 11,000 shares of the company’s stock were exchanged, compared to its average volume of 7,894. Peoples Bancorp of North Carolina has a 12-month low of $20.03 and a 12-month high of $33.49. The company has a market capitalization of $165.68 million, a P/E ratio of 12.20 and a beta of 0.71. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.92 and a current ratio of 0.92.

Separately, ValuEngine upgraded shares of Peoples Bancorp of North Carolina from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd.

In other news, Director James S. Abernethy sold 1,500 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $27.77, for a total value of $41,655.00. Following the completion of the sale, the director now owns 62,797 shares in the company, valued at approximately $1,743,872.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.28% of the stock is currently owned by company insiders.

A hedge fund recently raised its stake in Peoples Bancorp of North Carolina stock. Geode Capital Management LLC raised its position in Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) by 3.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 54,137 shares of the bank’s stock after acquiring an additional 1,935 shares during the period. Geode Capital Management LLC owned approximately 0.90% of Peoples Bancorp of North Carolina worth $1,324,000 at the end of the most recent reporting period. Institutional investors own 32.40% of the company’s stock.

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About Peoples Bancorp of North Carolina

Peoples Bancorp of North Carolina, Inc operates as a bank holding company for Peoples Bank that provides various banking products and services to individuals and small to medium-sized businesses. It offers various deposit products. The company's loan products comprise commercial real estate, commercial, construction and land development, single-family residential, residential mortgage, individual taxpayer identification number mortgage loans, as well as agricultural loans.

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

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