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Joseph Stilwell, a notable investor and managing member of Stilwell Value LLC, has made a significant acquisition of Peoples Financial Corp (NASDAQ:PFBX) stock. According to a recent SEC filing, Stilwell acquired 5,000 shares at $14.50 per share, totaling $72,500. The stock, currently trading at $19.22, has delivered a 27% return over the past year. According to InvestingPro analysis, PFBX is trading near its Fair Value, with a "GOOD" overall financial health score.
The shares are directly owned by Stilwell Value Partners VII, L.P., and indirectly by Stilwell himself, as he is the managing member and owner of Stilwell Value LLC, which is the general partner of Stilwell Value Partners VII, L.P. Stilwell disclaims beneficial ownership of all shares reported as owned indirectly, except to the extent of his pecuniary interest therein. The company, with a market capitalization of $89 million, trades at an attractive P/E ratio of 4.1 and offers a 3.2% dividend yield.
This transaction is part of a larger investment strategy by Stilwell and his affiliated entities, which collectively hold more than 10% of Peoples Financial Corp's common stock. The investment group, which includes Stilwell Activist Fund, L.P., and Stilwell Activist Investments, L.P., continues to actively manage its stake in the company. With earnings scheduled for April 23, InvestingPro subscribers can access additional insights and metrics to evaluate this investment.
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