On November 15, 2024, Director Donald Bower purchased 1,500 shares of First Keystone Corp (FKYS, Financial) at a price of $16 per share, as reported in the SEC Filing. Following this transaction, the insider now owns a total of 6,283.856 shares of the company.
First Keystone Corp operates as a community bank in Pennsylvania, offering a range of banking and related financial services to individual, business, and government customers.
The recent purchase by the insider reflects the only buy transaction in the past year, with no recorded sells from insiders during the same period. This activity suggests a positive sentiment from the insider regarding the company's future prospects.
Shares of First Keystone Corp were trading at $16 on the day of the transaction, giving the company a market cap of $99.5 million. According to GF Value, the stock is considered Fairly Valued with a price-to-GF-Value ratio of 0.98.
The GF Value is determined by historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business results.
This insider buying event may be of interest to investors looking for signals of confidence from company directors, especially in the context of the company's current valuation and market performance.
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.
