Joseph Stilwell and his affiliated entities have increased their holdings in Peoples Financial Corp (NASDAQ:PFBX) with a recent acquisition of 600 shares, valued at approximately $10,800. The shares were purchased at a price of $18.00 each, according to a recent filing with the Securities and Exchange Commission.
Stilwell, a significant shareholder in Peoples Financial Corp, executed the transaction on November 22, 2024. Following this purchase, Stilwell and his affiliates now hold a combined total of 655,264 shares in the company, reflecting their continued confidence in the bank.
The shares are owned through various entities, including Stilwell Activist Fund, L.P., Stilwell Value Partners VII, L.P., and Stilwell Activist Investments, L.P., with Joseph Stilwell serving as the managing member and owner of Stilwell Value LLC, the general partner of these funds. Stilwell has filed this statement as part of a group that collectively owns over 10% of the issuer's common stock.
InvestingPro Insights
Joseph Stilwell's recent acquisition of Peoples Financial Corp (NASDAQ:PFBX) shares aligns with several compelling financial metrics revealed by InvestingPro data. The company's P/E ratio of 3.83 suggests that the stock may be undervalued relative to its earnings, potentially explaining Stilwell's interest in increasing his stake.
PFBX's price-to-book ratio of 0.87 further supports the notion of undervaluation, as the stock is trading below its book value. This metric often attracts value investors like Stilwell, who may see potential for capital appreciation.
The company's dividend yield of 2.0% and impressive dividend growth of 50.0% over the last twelve months as of Q3 2024 could be additional factors influencing Stilwell's investment decision. These figures indicate a commitment to shareholder returns, which aligns with the interests of major stakeholders.
InvestingPro Tips highlight that PFBX has raised its dividend for 3 consecutive years, reinforcing the company's focus on consistent shareholder value. Additionally, the stock is trading near its 52-week high, with the current price at 96.0% of that peak, suggesting strong recent performance.
For investors seeking more comprehensive analysis, InvestingPro offers 14 additional tips for Peoples Financial Corp, providing a deeper understanding of the company's financial health and market position.
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