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PB Financial Corporation (OTCMKTS:PBNC) Stock In Focus After Q4 Earnings Update

Madison Hall , , , ,

This morning the PB Financial Corporation (OTCMKTS:PBNC) stock could well be one of the stocks to keep an eye on given the announcement made by the company this past Friday. The company, which is actually the holding company for Providence Bank, came into focus last Friday after it announced that its board of directors had given the approval for a quarterly cash dividend.

Trading Data

On Friday, PBNC stock ended flat at $40.55 with more than 100 shares, compared to volume of 106 shares. The stock moved within a range of $40.55 – 40.55 after opening trade at $40.55.

The dividend to be paid out is going to be $0.35 for each share of the common stock that is held by a shareholder. The dividend is going to be paid out on November 25, 2022 to all shareholders of record as on November 7, 2022.

The announcement was a significant one from the company considering the fact that the dividend that is going to be paid out reflected a rise of as much as 29.63% from the dividend that had been paid out in the fourth quarter of last year. It works out to annual dividend of as much as $1.40 a share and a dividend yield of 3.45%. It is also going to be the fourth consecutive quarter in which the company is going to pay out a cash dividend to its shareholders.

Traders Corner

PBNC stock is trading above the 20-Day and 50-Day Moving averages of $40 and $39 respectively. Moreover, the stock is trading above the 200-Day moving average of $40. 

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.