In a recent transaction, Donald Matthew Bower, a director at First Keystone Corp (OTC:FKYS), acquired 1,500 shares of the company's common stock. The purchase, made on November 15, 2024, was at a price of $16 per share, amounting to a total value of $24,000. Following this acquisition, Bower now holds a total of 6,283.856 shares in the company. The transaction reflects Bower's continued investment in First Keystone Corp, a state commercial bank headquartered in Berwick, Pennsylvania.
InvestingPro Insights
The recent insider purchase by Director Donald Matthew Bower aligns with several positive trends observed in First Keystone Corp's (OTC:FKYS) stock performance. According to InvestingPro data, the company has shown significant returns over various time frames, with a 20.67% return in the last week, 41.02% over the last month, and 44.74% over the last three months. This strong performance suggests growing investor confidence in the bank's prospects.
One of the InvestingPro Tips highlights that First Keystone Corp pays a significant dividend to shareholders, with a current dividend yield of 6.73%. This attractive yield may be a factor in Bower's decision to increase his stake in the company. Additionally, the company has maintained dividend payments for 29 consecutive years, demonstrating a commitment to returning value to shareholders.
However, it's worth noting that the stock's RSI suggests it may be in overbought territory, which could indicate a potential for short-term price consolidation. Investors considering following Bower's lead might want to take this into account when timing their purchases.
For a more comprehensive analysis, InvestingPro offers 6 additional tips that could provide further insights into First Keystone Corp's financial health and market position.
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