Peoples Bancorp of North Carolina Inc

PEBK exhibits a clear Stage 2 advancing regime with higher highs and higher lows, supported by rising EMAs and expanding volume. The long-term and medium-term trends are bullish, but the recent pullback into the 9/21 EMA zone and rejection at short-term EMAs signal potential distribution risk. Price is now retesting 50-day EMA support near prior swing lows, offering a tactical entry opportunity. We will stalk for confirmation of acceptance at this zone before committing.

• ↑Merger with Citizens National accretive to EPS by $0.20, yields 40% cost savings.
• ↑Dividend raised to $0.42/share, delivering a 4.84% annual yield.
• ↓Provision for credit losses increased by $9.7M amid tougher macro environment.