Pacific Financial (OTCMKTS:PFLC) Shares Down 2.3% – What’s Next?

Pacific Financial Co. (OTCMKTS:PFLC) dropped 2.3% during mid-day trading on Tuesday . The company traded as low as $12.50 and last traded at $12.70. Approximately 210 shares changed hands during trading, a decline of 96% from the average daily volume of 5,354 shares. The stock had previously closed at $13.00.

Pacific Financial Trading Down 2.3 %

The stock has a fifty day moving average of $12.08 and a 200-day moving average of $10.97.

Pacific Financial (OTCMKTS:PFLC) last released its earnings results on Friday, October 25th. The company reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $12.89 million during the quarter.

Pacific Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend was Friday, November 8th. Pacific Financial’s payout ratio is 125.40%.

About Pacific Financial

Pacific Financial Corporation operates as the bank holding company for Bank of the Pacific that provides various banking products and services in Washington and Oregon. The company offers personal and business checking, and savings accounts; certificates of deposit, individual retirement accounts, and other investment options; home loans; and auto and recreation loans, credit cards, and home equity line of credit.