Empowered Funds LLC increased its holdings in Peoples Financial Services Corp. (NASDAQ:PFIS - Free Report) by 58.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,345 shares of the financial services provider's stock after acquiring an additional 16,753 shares during the period. Empowered Funds LLC owned about 0.45% of Peoples Financial Services worth $2,126,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alliance Wealth Advisors LLC increased its holdings in Peoples Financial Services by 413.0% during the third quarter. Alliance Wealth Advisors LLC now owns 38,632 shares of the financial services provider's stock worth $1,811,000 after buying an additional 31,102 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Peoples Financial Services by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 191,934 shares of the financial services provider's stock valued at $8,740,000 after buying an additional 9,122 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Peoples Financial Services by 19.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 47,178 shares of the financial services provider's stock valued at $2,148,000 after buying an additional 7,831 shares in the last quarter. Vanguard Group Inc. grew its stake in Peoples Financial Services by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 322,786 shares of the financial services provider's stock valued at $13,915,000 after buying an additional 6,776 shares in the last quarter. Finally, Quadrature Capital Ltd grew its stake in Peoples Financial Services by 46.7% in the 1st quarter. Quadrature Capital Ltd now owns 10,707 shares of the financial services provider's stock valued at $460,000 after buying an additional 3,409 shares in the last quarter. Hedge funds and other institutional investors own 31.67% of the company's stock.
Peoples Financial Services Price Performance
Shares of PFIS traded up $2.16 during mid-day trading on Thursday, reaching $54.85. 57,232 shares of the stock traded hands, compared to its average volume of 17,975. Peoples Financial Services Corp. has a 1 year low of $36.26 and a 1 year high of $55.64. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. The company has a market cap of $547.95 million, a price-to-earnings ratio of 51.16 and a beta of 0.50. The firm has a fifty day moving average price of $48.00 and a 200 day moving average price of $44.85.
Peoples Financial Services (NASDAQ:PFIS - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.08 by $0.56. Peoples Financial Services had a net margin of 3.00% and a return on equity of 7.73%. The company had revenue of $74.01 million during the quarter. As a group, equities research analysts predict that Peoples Financial Services Corp. will post 3.43 earnings per share for the current year.
Peoples Financial Services Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.618 per share. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend is Friday, November 29th. Peoples Financial Services's dividend payout ratio is currently 239.81%.
Wall Street Analyst Weigh In
PFIS has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Peoples Financial Services from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Hovde Group boosted their price target on shares of Peoples Financial Services from $48.00 to $53.00 and gave the company a "market perform" rating in a research report on Monday, November 11th.
Get Our Latest Stock Analysis on PFIS
Peoples Financial Services Company Profile
(
Free Report)
Peoples Financial Services Corp. operates as the bank holding company for Peoples Security Bank and Trust Company that provides various commercial and retail banking services. The company accepts money market, negotiable order of withdrawal, savings, individual retirement, demand deposit, and certificates of deposit accounts.
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