On November 1, 2024, Chevis Swetman, the CEO and President of Peoples Financial Corp (PFBX, Financial), purchased 16,883 shares of the company. According to the SEC Filing, this transaction increased the insider's holdings to 414,049 shares.
Peoples Financial Corp operates as the bank holding company for The Peoples Bank which provides banking, financial, and trust services primarily in Mississippi. The company's activities include personal and business banking services, along with mortgage and financial planning services.
Over the past year, the insider has bought a total of 28,795 shares and has not sold any shares. This recent acquisition is part of a broader trend where the company has seen 29 insider buys and zero sells over the same period.
Shares of Peoples Financial Corp were priced at $17.75 on the day of the transaction. The company has a market cap of $83.91 million. The price-earnings ratio stands at 3.83, significantly lower than both the industry median of 10.5 and the company's historical median.
The stock's valuation according to GF Value is $16.83, leading to a price-to-GF-Value ratio of 1.05, indicating that the stock is Fairly Valued.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This insider buying activity could be a signal to investors about the insider’s confidence in the future prospects of Peoples Financial Corp.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
