Peoples Financial Services Corp. (NASDAQ:PFIS - Get Free Report) shares saw strong trading volume on Monday after Hovde Group raised their price target on the stock from $48.00 to $53.00. Hovde Group currently has a market perform rating on the stock. 44,070 shares were traded during trading, an increase of 156% from the previous session's volume of 17,182 shares.The stock last traded at $52.00 and had previously closed at $49.99.
Separately, StockNews.com raised shares of Peoples Financial Services from a "sell" rating to a "hold" rating in a research report on Thursday.
Check Out Our Latest Research Report on Peoples Financial Services
Hedge Funds Weigh In On Peoples Financial Services
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its holdings in shares of Peoples Financial Services by 2.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 8,749 shares of the financial services provider's stock worth $398,000 after acquiring an additional 220 shares during the last quarter. Rhumbline Advisers raised its holdings in Peoples Financial Services by 14.5% during the 2nd quarter. Rhumbline Advisers now owns 12,450 shares of the financial services provider's stock valued at $567,000 after buying an additional 1,576 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Peoples Financial Services by 87.7% during the 1st quarter. BNP Paribas Financial Markets now owns 3,400 shares of the financial services provider's stock valued at $147,000 after buying an additional 1,589 shares during the last quarter. Empowered Funds LLC raised its holdings in Peoples Financial Services by 7.8% during the 1st quarter. Empowered Funds LLC now owns 26,612 shares of the financial services provider's stock valued at $1,147,000 after buying an additional 1,925 shares during 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 Stock Up 3.4 %
The stock's fifty day moving average is $46.85 and its 200 day moving average is $44.12. The company has a market capitalization of $515.97 million, a P/E ratio of 48.53 and a beta of 0.50. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.17.
Peoples Financial Services (NASDAQ:PFIS - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.56. Peoples Financial Services had a net margin of 3.00% and a return on equity of 8.50%. The firm had revenue of $74.01 million for the quarter. Research analysts predict that Peoples Financial Services Corp. will post 3.43 EPS for the current fiscal year.
Peoples Financial Services Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.618 per share. This represents a $2.47 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend is Friday, November 29th. Peoples Financial Services's payout ratio is 239.81%.
Peoples Financial Services Company Profile
(
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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