Peoples Bancorp of North Carolin (NASDAQ: PEBK) has benefited from exceptional positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Peoples Bancorp of North Carolin (NASDAQ: PEBK). Significant positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
PEBK is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Peoples Bancorp of North Carolin has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Peoples Bancorp of North Carolin has a neutral Appreciation Score of 45 but a good Power Rating of 82, producing the Positive Value Trend Rating.
Recent Price Action
Peoples Bancorp of North Carolin (NASDAQ: PEBK) stock declined slightly by -0.8% on 1/3/24. The stock closed at $30.38. Moreover, trading volume in this decline was above average at 134% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 0.6% during the last week.
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