Insider Trading January 26, 2026

Insider Stilwell Increases Stake in Peoples Financial with $37,720 Purchase

Ten percent owner adds 1,840 shares of NASDAQ:PFBX, expanding holdings across several Stilwell-managed vehicles

By Nina Shah PFBX
Insider Stilwell Increases Stake in Peoples Financial with $37,720 Purchase
PFBX

Stilwell Joseph, identified as a 10% owner of Peoples Financial Corp (NASDAQ: PFBX), acquired 1,840 shares of the company's common stock on January 23, 2026, at $20.50 per share, for a total cash outlay of $37,720. The filing details Stilwell's aggregate holdings through multiple Stilwell-managed investment vehicles and includes a disclaimer regarding beneficial ownership of indirectly held shares.

Key Points

  • Stilwell Joseph, a reported 10% owner of Peoples Financial Corp (NASDAQ: PFBX), bought 1,840 shares on January 23, 2026 at $20.50 per share for $37,720.
  • Post-transaction holdings are reported through three Stilwell-managed entities: Stilwell Activist Investments, L.P.; Stilwell Activist Fund, L.P.; and Stilwell Value Partners VII, L.P.
  • The filing includes a disclaimer that Stilwell disclaims beneficial ownership of indirectly held shares except to the extent of his pecuniary interest.

Transaction overview

Stilwell Joseph, listed as a ten percent owner of Peoples Financial Corp (NASDAQ: PFBX), reported a purchase of 1,840 shares of the company's common stock on January 23, 2026. The executed price for the shares was $20.50 per share, producing a total transaction amount of $37,720.

Holdings reported after purchase

The filing outlines Stilwell's ownership through three Stilwell-managed entities. Following the trade, Stilwell is recorded as owning:

  • 419,687 shares through Stilwell Activist Investments, L.P.;
  • 67,505 shares through Stilwell Activist Fund, L.P.; and
  • 205,760 shares through Stilwell Value Partners VII, L.P.

The filing further states that Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest in those holdings.

Context and implications

The regulatory filing conveys a small, specific open-market purchase by a significant shareholder. The transaction amount and share count are explicit in the report, as is the ownership structure through specified private funds. The disclosure about indirect ownership and the pecuniary-interest qualifier is included verbatim in the filing.

Summary of key details

  • Buyer: Stilwell Joseph (reported as a 10% owner of Peoples Financial Corp).
  • Security: Common stock of Peoples Financial Corp (NASDAQ: PFBX).
  • Transaction date: January 23, 2026.
  • Shares purchased: 1,840.
  • Price per share: $20.50.
  • Total value: $37,720.
  • Post-transaction holdings: detailed across three Stilwell-managed entities as listed in the filing.

Note on limitations

The report provides precise figures for the single purchase and the post-transaction holdings through the named entities, and it includes the stated ownership disclaimer. The filing does not provide additional commentary, rationale, or any other transactions beyond those enumerated above.


This article focuses on the factual content disclosed in the regulatory filing regarding the insider purchase and ownership disclosure.

Risks

  • The filing does not disclose the motivation or strategy behind the purchase, leaving uncertainty about intent or future activity - impacts investor interpretation in the financials sector.
  • The ownership noted includes indirect holdings through multiple entities; the disclaimer on beneficial ownership introduces ambiguity about control and voting influence - relevant to shareholders and governance in the banking/financial sector.
  • The reported purchase is limited in size ($37,720), which may limit its signal value regarding material shifts in insider conviction or firm ownership.

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