Raymond James (PFSB) holds 130,665 shares, 8.1% beneficial stake

Rhea-AI Filing Summary

PFS Bancorp, Inc. reported a Schedule 13G filing showing Raymond James Financial Services Advisors, Inc. beneficially owns 130,665 shares of Common Shares. The filing states this equals 8.1% of the class as of 03/31/2026, with sole dispositive power over those shares and no sole or shared voting power. The form is signed by an Operations Manager on 04/07/2026.

Insights

Institutional Ownership Analyst

Raymond James holds a measurable 8.1% stake with dispositive—but not voting—authority.

The filing lists 130,665 shares beneficially owned as of 03/31/2026, with sole dispositive power and zero sole/shared voting power. This indicates custody or investment-advisory holdings where trading decisions rest with the filer but voting likely remains with clients or record holders.

Watch future filings for any change in voting power or percent owned; changes would be disclosed in amendments or new Schedule 13 filings.

Key Figures

Beneficial ownership: 130,665 shares Percent of class: 8.1% Sole dispositive power: 130,665 shares +2 more

5 metrics

Beneficial ownership 130,665 shares as of 03/31/2026

Percent of class 8.1% percent of common shares as reported

Sole dispositive power 130,665 shares able to direct disposition per filing

Sole voting power 0 no sole voting power reported

Shared voting power 0 no shared voting power reported

Key Terms

Schedule 13G, Beneficially owned, Sole dispositive power, CUSIP

4 terms

Schedule 13G regulatory

"Item 1. (a) Name of issuer: PFS Bancorp, Inc."

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficially owned financial

"Item 4. (a) Amount beneficially owned: 130,665.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole dispositive power regulatory

"Item 4. (c)(iii) Sole power to dispose: 130,665.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

CUSIP technical

"Item 2. (e) CUSIP Number(s): 69380A102"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

PFS Bancorp, Inc.

(Name of Issuer)

Common Shares

(Title of Class of Securities)

69380A102

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 69380A102

1

Names of Reporting Persons

Raymond James Financial Services Advisors, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 130,665.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

130,665.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.1 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: PFS Bancorp, Inc.
(b)	Address of issuer's principal executive offices: 1730 FOURTH STREET, PERU, ILLINOIS, 61354
Item 2.
(a)	Name of person filing: RAYMOND JAMES FINANCIAL SERVICES
(b)	Address or principal business office or, if none, residence: 880 CARILLON PARKWAY, ST PETERSBURG FL 33716
(c)	Citizenship: US
(d)	Title of class of securities: Common Shares
(e)	CUSIP Number(s): 69380A102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 130,665.00
(b)	Percent of class: 8.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 130,665.00
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Raymond James Financial Services Advisors, Inc.

Signature:	Rachel Jacobson
Name/Title:	Operations Manager
Date:	04/07/2026

FAQ

What stake does Raymond James report in PFS Bancorp (PFSB)?

Answer: Raymond James reports beneficial ownership of 130,665 shares, equal to 8.1% of the class as of 03/31/2026. The filing shows sole dispositive power and no voting power over these shares, per the Schedule 13G.

Does Raymond James have voting control of PFS Bancorp shares?

Answer: No; the filing shows 0 sole voting power and 0 shared voting power. It lists sole dispositive power of 130,665 shares, indicating authority to direct disposition but not to vote these shares.

What type of SEC filing reports this ownership for PFS Bancorp?

Answer: This is a Schedule 13G filing, used to report passive or certain institutional beneficial ownership. It reports holdings and power to dispose, not an intent to acquire control.

What date is the ownership position measured as of in the Schedule 13G?

Answer: The ownership is stated as of 03/31/2026. The filing is signed on 04/07/2026, which reflects the reporting attestation date following that measurement.

Who signed the Schedule 13G for Raymond James in this filing?

Answer: The form is signed by Rachel Jacobson, listed as Operations Manager, with the signature date 04/07/2026, certifying the information provided on the filing.