Peoples Financial (PFBX) Board Announces Share Buyback Program

Peoples Financial (NASDAQ:PFBX) declared that its board has initiated a share buyback program, which authorizes the company to buyback 110,000 outstanding shares on Friday, December 15th, EventVestor reports. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Peoples Financial (PFBX) opened at $12.60 on Thursday. Peoples Financial has a 1 year low of $12.05 and a 1 year high of $16.40. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.01. The stock has a market cap of $63.87, a PE ratio of 59.09 and a beta of 0.14.

Peoples Financial (NASDAQ:PFBX) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.05 EPS for the quarter. Peoples Financial had a return on equity of 1.20% and a net margin of 4.29%. The company had revenue of $5.84 million during the quarter.

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Peoples Financial Company Profile

Peoples Financial Corporation 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.

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