In a recent transaction, Joseph Stilwell, a significant shareholder, acquired additional shares of Peoples Financial Corp (NASDAQ:PFBX). On November 14, Stilwell purchased 5,000 shares at a price of $18 each, totaling $90,000. This acquisition increased his total holdings to 173,223 shares.
The shares were acquired through Stilwell Value Partners VII, L.P., with Stilwell acting in an indirect capacity as the managing member and owner of Stilwell Value LLC, the general partner of Stilwell Value Partners VII, L.P. Other entities involved in the ownership include Stilwell Activist Fund, L.P., and Stilwell Activist Investments, L.P., with Stilwell also holding indirect ownership through these entities.
Following this transaction, Stilwell and the associated entities now hold a combined total of 405,936 shares of Peoples Financial Corp. This move is part of a broader investment strategy by Stilwell and his affiliated entities, which collectively own more than 10% of the company's outstanding common stock.
InvestingPro Insights
Joseph Stilwell's recent acquisition of Peoples Financial Corp (NASDAQ:PFBX) shares aligns with several compelling financial metrics and trends revealed by InvestingPro data. The company's stock appears attractively valued, with a P/E ratio of 3.83, significantly below industry averages. This low valuation is particularly interesting given PFBX's strong profitability, as evidenced by its operating income margin of 28.48% for the last twelve months as of Q3 2024.
Investors may find PFBX's dividend profile appealing, with a current yield of 2.0% and an impressive dividend growth rate of 50.0% over the last twelve months. This substantial increase in dividends could be a sign of management's confidence in the company's financial health and future prospects.
The stock's performance has been robust, with a one-year price total return of 40.08%, suggesting strong market confidence. This positive momentum is further supported by the stock trading at 98.37% of its 52-week high, indicating sustained investor interest.
InvestingPro Tips highlight additional strengths:
1. PFBX holds more cash than debt on its balance sheet, indicating a strong financial position.
2. The company has maintained consistent dividend payments, which may appeal to income-focused investors like Stilwell.
These insights are just a sample of the valuable information available through InvestingPro, which offers 13 additional tips for PFBX, providing a more comprehensive analysis for investors considering this stock.
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