Peoples Financial Corporation (NASDAQ:PFBX) CEO Chevis Swetman purchased 1,124 shares of the stock in a transaction dated Monday, March 12th. The shares were acquired at an average cost of $14.00 per share, for a total transaction of $15,736.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Chevis Swetman also recently made the following trade(s):
- On Thursday, December 21st, Chevis Swetman bought 1,000 shares of Peoples Financial stock. The shares were purchased at an average cost of $13.26 per share, for a total transaction of $13,260.00.
NASDAQ:PFBX opened at $13.90 on Friday. Peoples Financial Corporation has a 52-week low of $12.05 and a 52-week high of $15.30. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.57 and a quick ratio of 0.57.
Peoples Financial declared that its board has initiated a share repurchase program on Friday, December 15th that permits the company to buyback 110,000 outstanding shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
A hedge fund recently raised its stake in Peoples Financial stock. Western Standard LLC lifted its stake in Peoples Financial Corporation (NASDAQ:PFBX) by 111.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,582 shares of the financial services provider’s stock after purchasing an additional 10,841 shares during the quarter. Western Standard LLC owned 0.40% of Peoples Financial worth $303,000 as of its most recent filing with the Securities & Exchange Commission. 18.63% of the stock is owned by institutional investors.
Peoples Financial Company Profile
Peoples Financial Corporation is a bank holding company, which operates in the state of Mississippi through its subsidiary, The Peoples Bank, Biloxi, Mississippi (the Bank). The Bank offers a range of services to individuals and small to middle market businesses within its trade area. The Bank’s primary lending focus is to offer business loans, commercial loans, real estate loans, construction loans, personal loans and installment loans, with an emphasis on commercial lending.
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