Peoples Bancorp (NASDAQ:PEBO) of North Carolina, Inc. (PEBK) stock has reached a new 52-week high, touching $33.02 in recent trading. With a market capitalization of $170 million, the regional bank maintains a modest P/E ratio of 10.5 and offers investors a 2.9% dividend yield. According to InvestingPro analysis, the stock is trading slightly above its Fair Value. This milestone reflects a significant uptrend for the regional bank, which has seen its shares climb by 20% over the past year. The achievement of this price level underscores investor confidence and the company's robust financial performance amidst a dynamic banking landscape. Notably, PEBK has maintained dividend payments for 40 consecutive years, demonstrating remarkable financial stability. The 52-week high serves as a testament to Peoples Bancorp's strategic initiatives and its ability to navigate the economic challenges faced by the financial sector. InvestingPro subscribers can access additional insights and metrics about PEBK's financial health and growth potential.
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