Raymond James Financial Services Advisors Acquires 8.1% Stake in PFS Bancorp, Inc.

On April 7, 2026, Raymond James Financial Services Advisors, Inc. filed a Schedule 13G with the SEC, reporting a new significant ownership stake in PFS Bancorp, Inc. (PFSB). As of the event date on March 31, 2026, the firm beneficially owns 130,665 shares of common stock, representing 8.1% of the company's total shares outstanding. The filing indicates that Raymond James holds sole dispositive power over the entire 130,665-share position but reports zero voting power (sole or shared) and zero shared dispositive power. The acquisition was made in the ordinary course of business by the registered investment adviser and broker-dealer, with no intent to influence or change the control of the issuer. This filing marks an increase from a previous 0% ownership level, establishing Raymond James as a substantial institutional shareholder in the Illinois-based bank holding company.