The stock of Peoples Financial Corp (NASDAQ:PFBX) hit a new 52-week high and has $14.99 target or 3.00% above today’s $14.55 share price. The 6 months bullish chart indicates low risk for the $85.94 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $14.99 price target is reached, the company will be worth $2.58M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 4.30% or $0.6 on December 1, hitting $14.55. About 25,735 shares traded hands or 541.61% up from the average. Peoples Financial Corp (NASDAQ:PFBX) has risen 38.81% since April 28, 2016 and is uptrending. It has outperformed by 32.88% the S&P500.
Analysts await Peoples Financial Corp (NASDAQ:PFBX) to report earnings on January, 25.
According to Zacks Investment Research, “Peoples Financial Corp.’s wholly-owned subsidiary, The Peoples Bank, offers a variety of loan and deposit services to individuals and small to middle market businesses within its trade area. Deposit services include interest bearing and non-interest bearing checking accounts, savings accounts, certificates of deposit, and IRA accounts. The Bank also offers a non-deposit funds management account, which is not insured by the FDIC. Loan services include business, real estate, construction, personal and installment loans, with an emphasis on commercial lending.”
Insitutional Activity: The institutional sentiment increased to 3 in Q2 2016. Its up 0.50, from 2.5 in 2016Q1. The ratio is positive, as 1 funds sold all Peoples Financial Corp shares owned while 1 reduced positions. 1 funds bought stakes while 4 increased positions. They now own 516,004 shares or 3.57% more from 498,238 shares in 2016Q1.
The New York-based Renaissance Techs Lc has invested 0% in Peoples Financial Corp (NASDAQ:PFBX). Commonwealth Equity Svcs last reported 10,848 shares in the company. Wells Fargo And Communication Mn last reported 0% of its portfolio in the stock. Blackrock Institutional Trust Na, a California-based fund reported 84,762 shares. Bancorporation Of Montreal Can reported 370 shares or 0% of all its holdings. The New Jersey-based Blackrock Llc has invested 0% in Peoples Financial Corp (NASDAQ:PFBX). Tower Capital Lc (Trc), a New York-based fund reported 70 shares. Hutchin Hill L P has 23,402 shares for 0.01% of their US portfolio. Financial Bank Of America De last reported 151 shares in the company. California Employees Retirement Systems, a California-based fund reported 18,007 shares. Pinnacle Holding Limited Liability has 80,948 shares for 0% of their US portfolio. Blackrock Fund has 0% invested in the company for 8,076 shares. Blackrock Ltd last reported 1,245 shares in the company. Gendell Jeffrey L holds 0.52% or 246,728 shares in its portfolio. Raymond James & has invested 0% of its portfolio in Peoples Financial Corp (NASDAQ:PFBX).
Insider Transactions: Since June 13, 2016, the stock had 4 insider buys, and 0 sales for $52,550 net activity. $10,100 worth of Peoples Financial Corp (NASDAQ:PFBX) shares were bought by SWETMAN CHEVIS.
Another recent and important Peoples Financial Corp (NASDAQ:PFBX) news was published by Prnewswire.com which published an article titled: “Peoples Financial Corporation Reports Results For Third Quarter Of 2016” on October 26, 2016.
PFBX Company Profile
Peoples Financial Corporation, incorporated on December 18, 1984, is a bank holding company, which operates in the state of Mississippi through its subsidiary, The Peoples Bank, Biloxi, Mississippi (the Bank). The Bank offers a range of services to individuals and small to middle market businesses within its trade area. The Bank’s primary lending focus is to offer business loans, commercial loans, real estate loans, construction loans, personal loans 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 individual retirement accounts (IRA) accounts. The Bank provides depository accounts to individuals; small and middle market businesses, and state, county and local government entities in its trade area at interest rates consistent with market conditions.
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