OTCPK:PFBX

Stock Analysis Report

Executive Summary

Peoples Financial Corporation operates as the bank holding company for The Peoples Bank that provides banking, financial, and trust services to government entities, individuals, and small and commercial businesses in Mississippi.


Snowflake Analysis

Solid track record with adequate balance sheet.


Similar Companies

Share Price & News

How has Peoples Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PFBX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.8%

PFBX

9.4%

US Banks

9.9%

US Market


1 Year Return

-13.2%

PFBX

-25.1%

US Banks

-11.9%

US Market

Return vs Industry: PFBX exceeded the US Banks industry which returned -25.1% over the past year.

Return vs Market: PFBX underperformed the US Market which returned -11.9% over the past year.


Shareholder returns

PFBXIndustryMarket
7 Day-0.8%9.4%9.9%
30 Day-14.7%-26.0%-15.0%
90 Day-6.4%-38.6%-21.5%
1 Year-13.0%-13.2%-22.9%-25.1%-10.0%-11.9%
3 Year-33.1%-33.4%-17.2%-23.3%12.3%5.1%
5 Year-0.1%-0.6%11.6%-1.1%32.5%18.1%

Price Volatility Vs. Market

How volatile is Peoples Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Peoples Financial undervalued compared to its fair value and its price relative to the market?

29.5x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PFBX's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PFBX's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PFBX is poor value based on its PE Ratio (29.5x) compared to the Banks industry average (8.8x).

PE vs Market: PFBX is poor value based on its PE Ratio (29.5x) compared to the US market (13x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PFBX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PFBX is good value based on its PB Ratio (0.5x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is Peoples Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-1.1%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Peoples Financial has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Peoples Financial performed over the past 5 years?

75.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PFBX has high quality earnings.

Growing Profit Margin: PFBX's current net profit margins (7%) are higher than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: PFBX has become profitable over the past 5 years, growing earnings by 75.1% per year.

Accelerating Growth: PFBX's earnings growth over the past year (166.9%) exceeds its 5-year average (75.1% per year).

Earnings vs Industry: PFBX earnings growth over the past year (166.9%) exceeded the Banks industry 11%.


Return on Equity

High ROE: PFBX's Return on Equity (1.8%) is considered low.


Next Steps

Financial Health

How is Peoples Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: PFBX has a low level of unsold assets or inventory.

Debt Coverage by Assets: PFBX's debt is covered by short term assets (assets are 10.9x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: PFBX is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: PFBX is profitable, therefore cash runway is not a concern.


Financial Institutions Analysis

Asset Level: PFBX's level of assets compared to its equity is low.

Allowance for Bad Loans: PFBX has a low allowance for bad loans.

Low Risk Liabilities: PFBX's liabilities are made up of primarily low risk sources of funding.

Loan Level: PFBX has an acceptable proportion of non-loan assets held.

Low Risk Deposits: PFBX's loans are broadly funded by customer deposits.

Level of Bad Loans: PFBX has a high level of bad loans (3.45%)


Next Steps

Dividend

What is Peoples Financial's current dividend yield, its reliability and sustainability?

0.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PFBX's dividend (0.4%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.98%).

High Dividend: PFBX's dividend (0.4%) is low compared to the top 25% of dividend payers in the US market (5.49%).


Stability and Growth of Payments

Stable Dividend: PFBX is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: PFBX is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: PFBX is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PFBX's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.2yrs

Average management tenure


CEO

Chevis Swetman (70yo)

no data

Tenure

US$293,100

Compensation

Mr. Chevis C. Swetman has been Director of Peoples Financial Corporation since 1984 and Peoples Bank, Biloxi, Mississippi (“Bank”) since 1975. He has served as Chairman of the Company since 1994. Mr. Swetm ...


CEO Compensation Analysis

Compensation vs Market: Chevis's total compensation ($USD293.10K) is below average for companies of similar size in the US market ($USD602.37K).

Compensation vs Earnings: Chevis's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Chevis Swetman
Chairmanno dataUS$293.10k26.08% $12.9m
Lauri Wood
CFO & Controller26.17yrsUS$155.75k0.15% $73.7k
A. Fulmer
Executive Vice President14.17yrsUS$181.71k0.28% $136.5k
A. Swetman
Senior VP & COO0.083yrno datano data
Brian Kozlowski
Senior VP & Chief Administrative Officer0.083yrno datano data
Evelyn Herrington
VP & Secretary5.17yrsno datano data

5.2yrs

Average Tenure

62yo

Average Age

Experienced Management: PFBX's management team is seasoned and experienced (5.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Chevis Swetman
Chairmanno dataUS$293.10k26.08% $12.9m
E. Allen
Independent Director24.17yrsUS$27.50k0.11% $54.5k
T. Magruder
Independent Vice Chairman of the Board17.17yrsUS$27.20k0.0041% $2.0k
Rex Kelly
Independent Director18.17yrsUS$29.10k0.041% $20.5k
Jeffrey O'Keefe
Independent Director8.58yrsUS$29.90k0.65% $323.1k
George Sliman
Independent Director0.92yrUS$27.50k0.040% $20.0k

17.7yrs

Average Tenure

68.5yo

Average Age

Experienced Board: PFBX's board of directors are seasoned and experienced ( 17.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Peoples Financial Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Peoples Financial Corporation
  • Ticker: PFBX
  • Exchange: OTCPK
  • Founded: 1896
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$49.531m
  • Shares outstanding: 4.94m
  • Website: https://www.thepeoples.com

Number of Employees


Location

  • Peoples Financial Corporation
  • 152 Lameuse Street
  • Biloxi
  • Mississippi
  • 39530
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PFBXOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMay 2000

Biography

Peoples Financial Corporation operates as the bank holding company for The Peoples Bank that provides banking, financial, and trust services to government entities, individuals, and small and commercial businesses in Mississippi. It accepts various deposits, such as interest bearing and non-interest bearing checking accounts, savings accounts, certificates of deposit, and individual retirement accounts (IRAs). The company also offers business, commercial, real estate, construction, personal, and installment loans; and personal trust, agencies, and estate services, including living and testamentary trusts, executorships, guardianships, and conservatorships. In addition, it provides self-directed IRAs; and escrow management, stock transfer, and bond paying agency accounts to corporate customers. Further, the company offers various other services consisting of safe deposit box rental, wire transfer, night drop facilities, collection, cash management, and Internet banking services. As of December 31, 2018, the company operated through 17 branches located in Harrison, Hancock, Jackson, and Stone counties. It also has 30 automated teller machines at its branch locations, as well as other off-site and non-proprietary locations. Peoples Financial Corporation was founded in 1896 and is headquartered in Biloxi, Mississippi. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 23:51
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.