Peoples Financial Services Corp. (NASDAQ:PFIS - Get Free Report)'s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.
Analyst Ratings Changes
A number of equities analysts recently weighed in on PFIS shares. Stephens raised Peoples Financial Services from an "equal weight" rating to an "overweight" rating in a report on Monday, December 9th. Hovde Group upped their target price on Peoples Financial Services from $48.00 to $53.00 and gave the stock a "market perform" rating in a research note on Monday, November 11th. Finally, StockNews.com raised shares of Peoples Financial Services from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th.
Get Our Latest Stock Analysis on PFIS
Peoples Financial Services Stock Performance
The stock has a market cap of $468.57 million, a price-to-earnings ratio of 45.52 and a beta of 0.56. The firm's 50-day moving average is $52.72 and its two-hundred day moving average is $48.30. 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 announced its earnings results on Tuesday, November 5th. The financial services provider reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.56. The business had revenue of $74.01 million during the quarter. Peoples Financial Services had a return on equity of 7.73% and a net margin of 3.00%. As a group, sell-side analysts expect that Peoples Financial Services Corp. will post 4.39 earnings per share for the current year.
Peoples Financial Services Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid 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 yield of 5.27%. Peoples Financial Services's dividend payout ratio (DPR) is presently 239.81%.
Institutional Investors Weigh In On Peoples Financial Services
Hedge funds have recently modified their holdings of the business. Alliance Wealth Advisors LLC grew its position in shares of Peoples Financial Services by 413.0% in the third quarter. Alliance Wealth Advisors LLC now owns 38,632 shares of the financial services provider's stock valued at $1,811,000 after purchasing an additional 31,102 shares in the last quarter. Geode Capital Management LLC boosted 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 acquiring an additional 27,463 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Peoples Financial Services by 58.6% in the third quarter. Empowered Funds LLC now owns 45,345 shares of the financial services provider's stock valued at $2,126,000 after purchasing an additional 16,753 shares during the period. JPMorgan Chase & Co. increased its position in Peoples Financial Services by 377.8% during the third quarter. JPMorgan Chase & Co. now owns 20,442 shares of the financial services provider's stock worth $958,000 after purchasing an additional 16,164 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Peoples Financial Services by 45.0% in 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 buying an additional 15,802 shares during the period. 31.67% of the stock is currently owned by institutional investors and hedge funds.
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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