State Street Corp grew its stake in shares of Peoples Financial Services Corp. (NASDAQ:PFIS - Free Report) by 6.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 181,656 shares of the financial services provider's stock after acquiring an additional 11,236 shares during the period. State Street Corp owned about 1.82% of Peoples Financial Services worth $8,516,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in Peoples Financial Services by 19.9% during the second 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 purchasing an additional 7,831 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Peoples Financial Services by 2.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 8,749 shares of the financial services provider's stock valued at $398,000 after buying an additional 220 shares in the last quarter. Rhumbline Advisers boosted its holdings in Peoples Financial Services by 14.5% in the 2nd quarter. Rhumbline Advisers now owns 12,450 shares of the financial services provider's stock worth $567,000 after buying an additional 1,576 shares during the period. 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. Finally, SG Americas Securities LLC bought a new stake in Peoples Financial Services during the 3rd quarter valued at $149,000. Hedge funds and other institutional investors own 31.67% of the company's stock.
Peoples Financial Services Price Performance
Shares of PFIS traded down $1.08 during mid-day trading on Friday, reaching $51.09. 24,947 shares of the stock traded hands, compared to its average volume of 19,355. The company has a market cap of $510.64 million, a price-to-earnings ratio of 49.60 and a beta of 0.55. Peoples Financial Services Corp. has a 1 year low of $36.26 and a 1 year high of $59.70. The firm has a fifty day moving average price of $52.23 and a 200 day moving average price of $47.66. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32.
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 for the quarter, beating the consensus estimate of $1.08 by $0.56. Peoples Financial Services had a return on equity of 7.73% and a net margin of 3.00%. The firm had revenue of $74.01 million for the quarter. As a group, equities research analysts predict that Peoples Financial Services Corp. will post 4.39 earnings per share for the current year.
Peoples Financial Services Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.618 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.47 dividend on an annualized basis and a yield of 4.84%. Peoples Financial Services's dividend payout ratio is presently 239.81%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on PFIS shares. Hovde Group lifted their price target on 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. StockNews.com raised Peoples Financial Services from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. Finally, Stephens raised shares of Peoples Financial Services from an "equal weight" rating to an "overweight" rating in a report on Monday, December 9th.
Get Our Latest Stock Analysis on PFIS
About Peoples Financial Services
(
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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