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Joseph Stilwell, a prominent investor, has increased his stake in Peoples Financial Corp (NASDAQ:PFBX) by purchasing additional shares. According to a recent SEC filing, Stilwell acquired 2,235 shares of the company's common stock at $19.20 per share, amounting to a total transaction value of $42,912. The stock, currently trading near its 52-week high of $20.00, has delivered an impressive 27% return over the past year. InvestingPro analysis suggests the stock is fairly valued at current levels.
The shares were acquired indirectly, with Stilwell acting as the managing member and owner of Stilwell Value LLC, the general partner of Stilwell Value Partners VII, L.P. This purchase adds to Stilwell's significant holdings in Peoples Financial Corp, a state commercial bank based in Biloxi, Mississippi. The bank, with a market capitalization of $89 million, trades at an attractive P/E ratio of 4.1x and offers a dividend yield of 3.2%.
Stilwell's recent acquisition reflects his continued interest and investment in the financial sector, particularly in regional banking institutions. This transaction is part of a broader strategy by Stilwell and his affiliated entities, which collectively own more than 10% of Peoples Financial Corp's outstanding shares. According to InvestingPro, the company maintains a "GOOD" overall financial health score, with particularly strong metrics in profitability and price momentum.
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