Shares of Peoples Financial Services Corp. (NASDAQ:PFIS - Get Free Report) saw unusually-high trading volume on Friday . Approximately 12,684 shares traded hands during mid-day trading, a decline of 34% from the previous session's volume of 19,074 shares.The stock last traded at $50.59 and had previously closed at $50.66.
Wall Street Analyst Weigh In
Several research firms have issued reports on PFIS. Stephens upgraded shares of Peoples Financial Services from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. StockNews.com upgraded shares of Peoples Financial Services from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. Finally, Hovde Group lifted their target price on shares of Peoples Financial Services from $48.00 to $53.00 and gave the stock a "market perform" rating in a research report on Monday, November 11th.
Get Our Latest Report on Peoples Financial Services
Peoples Financial Services Trading Up 3.0 %
The firm has a market capitalization of $521.44 million, a P/E ratio of 50.65 and a beta of 0.55. 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 stock has a 50 day simple moving average of $51.78 and a 200-day simple moving average of $47.10.
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 for the quarter. On average, equities research analysts forecast that Peoples Financial Services Corp. will post 4.39 EPS for the current fiscal year.
Peoples Financial Services Dividend Announcement
The firm also recently disclosed 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. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend was Friday, November 29th. Peoples Financial Services's payout ratio is 239.81%.
Hedge Funds Weigh In On Peoples Financial Services
Institutional investors have recently bought and sold shares of the stock. Barclays PLC grew its holdings in Peoples Financial Services by 304.8% during the third quarter. Barclays PLC now owns 12,270 shares of the financial services provider's stock valued at $576,000 after purchasing an additional 9,239 shares during the period. Geode Capital Management LLC lifted its position in shares of Peoples Financial Services by 14.9% during the 3rd quarter. Geode Capital Management LLC now owns 211,451 shares of the financial services provider's stock valued at $9,914,000 after buying an additional 27,463 shares in the last quarter. State Street Corp grew its stake in shares of Peoples Financial Services by 6.6% during the 3rd quarter. State Street Corp now owns 181,656 shares of the financial services provider's stock valued at $8,516,000 after acquiring an additional 11,236 shares during the period. Stifel Financial Corp increased its holdings in 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 in the last quarter. Finally, RBF Capital LLC bought a new stake in Peoples Financial Services during the 3rd quarter worth approximately $342,000. 31.67% of the stock is owned by institutional investors.
About Peoples Financial Services
(
Get 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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