Juniata Valley Financial Corp director Joseph Scarnati acquires 105 shares

Published 19/02/2025, 20:38
Juniata Valley Financial Corp director Joseph Scarnati acquires 105 shares

Joseph B. Scarnati III, a director at Juniata Valley Financial Corp (OTC:JUVF), recently acquired 105 shares of the company’s common stock. The small-cap bank, currently valued at $63.8 million, trades at $12.75 per share with a P/E ratio of 10.2. According to InvestingPro analysis, the stock appears slightly undervalued at current levels. The transaction took place on February 18, 2025. Following this acquisition, Scarnati’s total direct ownership in the company amounts to 5,248 shares. The shares were acquired at no cost, as indicated in the SEC filing. The company maintains a notable 6.9% dividend yield and has consistently paid dividends for 30 consecutive years. InvestingPro subscribers can access additional insights and metrics about JUVF’s financial health and valuation.

In other recent news, Juniata Valley Financial Corp announced that Bradley J. Wagner will not seek re-election to its Board of Directors. Wagner, who has served for 11 years and chaired both the Audit and Asset Liability Management Committees, cited increased professional responsibilities as the reason for his departure. His tenure will end at the Annual Meeting of Shareholders scheduled for May 20, 2025. The company expressed gratitude for Wagner’s leadership and commitment during his service. With Wagner’s departure, Juniata Valley Financial Corp will focus on identifying a successor to fill the vacancy and maintain its governance standards. The company has not yet announced potential candidates or the process for electing a new director. This transition is part of the natural cycle of corporate governance, allowing for new perspectives and leadership. The announcement was made in a recent 8-K filing with the Securities and Exchange Commission.

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