Peoples Financial Services Corp. (NASDAQ:PFIS) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in Peoples Financial Services Corp. (NASDAQ:PFIS - Free Report) by 14.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 211,451 shares of the financial services provider's stock after buying an additional 27,463 shares during the period. Geode Capital Management LLC owned approximately 2.12% of Peoples Financial Services worth $9,914,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC lifted its stake in Peoples Financial Services by 58.6% in the 3rd quarter. Empowered Funds LLC now owns 45,345 shares of the financial services provider's stock worth $2,126,000 after purchasing an additional 16,753 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Peoples Financial Services by 45.0% in the third quarter. PNC Financial Services Group Inc. now owns 50,884 shares of the financial services provider's stock valued at $2,385,000 after purchasing an additional 15,802 shares during the last quarter. State Street Corp lifted its position in Peoples Financial Services by 6.6% during the third quarter. State Street Corp now owns 181,656 shares of the financial services provider's stock worth $8,516,000 after buying an additional 11,236 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Peoples Financial Services by 60.2% in the 3rd quarter. Stifel Financial Corp now owns 12,308 shares of the financial services provider's stock worth $577,000 after acquiring an additional 4,627 shares during the last quarter. Finally, Alliance Wealth Advisors LLC raised its holdings in shares of Peoples Financial Services by 413.0% during the 3rd quarter. Alliance Wealth Advisors LLC now owns 38,632 shares of the financial services provider's stock worth $1,811,000 after acquiring an additional 31,102 shares during the period. 31.67% of the stock is currently owned by institutional investors and hedge funds.

Peoples Financial Services Trading Down 3.6 %

PFIS traded down $1.83 on Thursday, hitting $49.35. The company had a trading volume of 22,722 shares, compared to its average volume of 19,304. The company's fifty day moving average price is $52.48 and its 200 day moving average price is $48.00. Peoples Financial Services Corp. has a 1 year low of $36.26 and a 1 year high of $59.70. 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 firm has a market cap of $493.25 million, a P/E ratio of 47.91 and a beta of 0.55.

Peoples Financial Services (NASDAQ:PFIS - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.56. The business had revenue of $74.01 million for the quarter. Peoples Financial Services had a net margin of 3.00% and a return on equity of 7.73%. As a group, equities analysts expect that Peoples Financial Services Corp. will post 4.39 earnings per share for the current year.

Peoples Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.618 per share. The ex-dividend date was Friday, November 29th. This represents a $2.47 annualized dividend and a dividend yield of 5.01%. Peoples Financial Services's dividend payout ratio is currently 239.81%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PFIS shares. Hovde Group upped their price objective on shares of Peoples Financial Services from $48.00 to $53.00 and gave the company a "market perform" rating in a report on Monday, November 11th. Stephens raised shares of Peoples Financial Services from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. Finally, StockNews.com raised shares of Peoples Financial Services from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th.

Peoples Financial Services Profile

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.