Stock BuybacksBy The Online Investor Staff, updated Sat., May. 8, 6:04 AM
|This Slide: #23 of 25|
Slide #23. Peoples Financial Corporation
Peoples Financial Corporation (PFBX)
Share Amount Authorized:
The board of directors of Peoples Financial Corporation (the "Company")(OTCQX Best Market: PFBX), parent of The Peoples Bank (the "Bank"), announced its approval to repurchase up to 200,000 additional shares of the Company's outstanding common stock. In accordance with the limitations set forth in Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements, shares will be repurchased at the discretion of management either on the open market or through privately negotiated transactions, and repurchased shares will be retired. As of March 31, 2021, the Company reported common shares outstanding of 4,878,557.
Peoples Financial is a bank holding company. Through its subsidiary, The Peoples Bank (the Bank), Co. is engaged in the banking business. The Bank's primary lending focus is to provides business, commercial, real estate, construction, personal and installment loans, with an emphasis on commercial lending. Deposit services include interest bearing and non-interest bearing checking accounts, savings accounts, certificates of deposit, and IRA accounts. The Bank generally provides depository accounts to individuals; small and middle market businesses; and state, county and local government entities. As of Dec 31 2016, Co. had total assets of $688.0 million and total deposits of $575.0 million.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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