I occasionally look to see what people post here. I've owned stock in PFIS for 10 years...the merger was excellent in terms of dividends.....1st quarter dividend will be 0.31 and is a 35% increase over 1st quarter last year. Look to see the volume increase a lot this coming quarter as the automatic dividend reinvestment and optional cash contributions were halted during the merger and now reinstated...most will be opting in and probably dumping more money initially. another positive to merger is that administration is looking to increase trading volume by possibly seeking to list on NASDAQ. PFIS board also approved ~15 mil buyback. Overall, the company is solid and even more so with this merger as there was no overlap in service areas between Penseco and Peoples....its very bullish
o how sweet it is. check out my december post... yea this is a gem. found all the way from the depths of alabama! prudent management, great capital allocation, superb geographic location. list goes on and on.
gtl- do you live in the area? would like to know public sentiment?
Yes...originally from the area. Public sentiment there has always been excellent. Most hold on to the stock and the company has had controlled steady growth. Historically, it was always difficult to find individuals wanting to sell. I take care of that through optional cash contributions every month and dividend reinvestment. Obviously, the NASDAQ listing has now increased liquidity. The merger is obviously the biggest event. I'm more familiar with Peoples then Penseco, but both were administered alike, even before the merger.
I am from one of the counties it serves if you really wanna know why it is worth 100 a share look up the Marcellus Shale. Where they are located out of and their branches are would hugely benefit from landowning royalty receivers and huge firms like cabot and southwest energy.