Peoples Bancorp of North Carolina declared a fourth-quarter cash dividend of $0.19 per share, payable December 13, 2024.
Quiver AI Summary
Peoples Bancorp of North Carolina, Inc. has announced a regular cash dividend of $0.19 per share for the fourth quarter of 2024, which will be distributed on December 13, 2024, to shareholders who are on record by December 3, 2024. The company encourages shareholders to participate in its Dividend Reinvestment and Stock Purchase Plan, with contact information provided for inquiries. Peoples Bank, the company's wholly-owned subsidiary, operates 16 banking offices in North Carolina. The press release includes a caution regarding forward-looking statements, which are subject to risks and uncertainties as detailed in their annual report.
Potential Positives
- The declaration of a regular cash dividend of $0.19 per share for the fourth quarter demonstrates the company's continued financial stability and commitment to returning value to shareholders.
- The upcoming dividend payment on December 13, 2024, indicates timely financial distributions and reinforces shareholder confidence.
- Encouraging shareholders to enroll in the Dividend Reinvestment and Stock Purchase Plan demonstrates the company's proactive approach to engaging with its investors and fostering long-term investment.
- The presence of multiple banking offices and loan production offices in key counties highlights the company's operational reach and commitment to serving its community effectively.
Potential Negatives
- The amount of the cash dividend declared ($0.19 per share) may reflect limitations in profitability or investment potential, which could raise concerns among investors about the company’s financial health.
- The press release is primarily focused on the dividend announcement, potentially indicating a lack of more significant company developments or strategic initiatives, which may lead to perceptions of stagnation.
- No significant updates or news regarding business growth, expansion, or performance metrics are included, potentially signaling a lack of progress or improvement within the company.
FAQ
What is the cash dividend declared by Peoples Bancorp for Q4 2024?
The Board of Directors declared a cash dividend of $0.19 per share for the fourth quarter of 2024.
When will the Q4 dividend be paid?
The fourth quarter cash dividend will be paid on December 13, 2024.
What is the record date for the dividend payment?
Shareholders of record must be recorded by December 3, 2024, to receive the dividend.
How can shareholders enroll in the Dividend Reinvestment Plan?
Shareholders can enroll in the Dividend Reinvestment and Stock Purchase Plan by contacting Krissy Price at the provided phone numbers.
Where can I find more information about Peoples Bancorp?
Additional information can be found in Peoples Bancorp's annual report on Form 10-K and other company filings.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PEBK Insider Trading Activity
$PEBK insiders have traded $PEBK stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.
Here’s a breakdown of recent trading of $PEBK stock by insiders over the last 6 months:
- JAMES S ABERNETHY has traded it 7 times. They made 0 purchases and 7 sales, selling 7,500 shares.
- KIM BOYD-LEAKS sold 8,686 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$PEBK Hedge Fund Activity
We have seen 38 institutional investors add shares of $PEBK stock to their portfolio, and 17 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FOURTHSTONE LLC removed 344,659 shares (-94.5%) from their portfolio in Q3 2024
- BLACKROCK, INC. added 86,309 shares (+34.3%) to their portfolio in Q3 2024
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 54,966 shares (+763.3%) to their portfolio in Q3 2024
- CITADEL ADVISORS LLC added 32,739 shares (+inf%) to their portfolio in Q3 2024
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 31,590 shares (-100.0%) from their portfolio in Q2 2024
- RENAISSANCE TECHNOLOGIES LLC added 27,395 shares (+124.5%) to their portfolio in Q3 2024
- STRATEGIC VALUE BANK PARTNERS LLC removed 24,462 shares (-8.2%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
NEWTON, N.C., Nov. 22, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Peoples Bancorp of North Carolina, Inc., Newton, NC (Nasdaq: PEBK) declared the Company’s regular cash dividend for the fourth quarter of 2024 in the amount of $0.19 per share. The fourth quarter cash dividend will be paid on December 13, 2024 to shareholders of record on December 3, 2024.
Shareholders are encouraged to enroll in the Company’s Dividend Reinvestment and Stock Purchase Plan. For details, contact Krissy Price at (828) 464-5620 or (800) 948-7195 or you may email any questions to our transfer agent, Broadridge Corporate Issuer Solutions, Inc. at [email protected] .
Peoples Bank, the wholly-owned subsidiary of Peoples Bancorp of North Carolina, Inc. operates 16 banking offices entirely in North Carolina, with offices in Catawba, Alexander, Lincoln, Mecklenburg, Iredell and Wake Counties. The Bank also operates loan production offices in Lincoln, Mecklenburg, Rowan, and Forsyth Counties. The Company’s common stock is publicly traded and is quoted on the Nasdaq Global Market under the symbol “PEBK.”
Statements made in this press release, other than those concerning historical information, should be considered forward-looking statements pursuant to the safe harbor provisions of the Securities Exchange Act of 1934 and the Private Securities Litigation Act of 1995. These forward-looking statements are based on information currently available to management and are subject to various risks and uncertainties, including but not limited to those described in Peoples Bancorp of North Carolina, Inc.’s annual report on Form 10-K for the year ended December 31, 2023, under “General Description of Business” and otherwise in the Company’s reports and filings.
| Contact: | William D. “Bill” Cable, Sr. |
| President and Chief Executive Officer | |
| Jeffrey N. Hooper | |
| Executive Vice President and Chief Financial Officer | |
| Phone 828-464-5620 |
