Peoples Financial Services Corp. (NASDAQ:PFIS - Get Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $48.30 and traded as low as $48.17. Peoples Financial Services shares last traded at $48.51, with a volume of 16,654 shares traded.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Stephens upgraded Peoples Financial Services from an "equal weight" rating to an "overweight" rating in a report 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 upped their price target 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.
View Our Latest Stock Analysis on PFIS
Peoples Financial Services Stock Performance
The business has a 50-day moving average of $52.72 and a two-hundred day moving average of $48.30. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $468.57 million, a P/E ratio of 45.52 and a beta of 0.56.
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 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 business had revenue of $74.01 million for the quarter. On average, sell-side analysts predict that Peoples Financial Services Corp. will post 4.39 EPS for the current fiscal year.
Peoples Financial Services Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.618 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.47 annualized dividend and a dividend yield of 5.27%. Peoples Financial Services's dividend payout ratio is presently 239.81%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in PFIS. Empowered Funds LLC lifted its stake in shares of Peoples Financial Services by 58.6% during the third quarter. Empowered Funds LLC now owns 45,345 shares of the financial services provider's stock worth $2,126,000 after buying an additional 16,753 shares during the period. Geode Capital Management LLC lifted its position in 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 worth $9,914,000 after acquiring an additional 27,463 shares during the period. PNC Financial Services Group Inc. grew its stake in Peoples Financial Services by 45.0% during the 3rd 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 grew its stake in 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 purchasing an additional 11,236 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Peoples Financial Services by 60.2% in the third quarter. Stifel Financial Corp now owns 12,308 shares of the financial services provider's stock valued at $577,000 after purchasing an additional 4,627 shares during the period. 31.67% of the stock is currently owned by hedge funds and other institutional investors.
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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