Peoples Financial Services (PFIS) Projected to Post Quarterly Earnings on Thursday

Peoples Financial Services (NASDAQ:PFIS - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $1.16 per share and revenue of $45.60 million for the quarter.

Peoples Financial Services (NASDAQ:PFIS - Get Free Report) last announced 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 company had revenue of $74.01 million during the quarter. On average, analysts expect Peoples Financial Services to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Peoples Financial Services Stock Performance

Peoples Financial Services stock traded up $1.10 during mid-day trading on Tuesday, hitting $52.06. The company had a trading volume of 14,979 shares, compared to its average volume of 29,285. The company has a market capitalization of $520.08 million, a price-to-earnings ratio of 50.54 and a beta of 0.56. Peoples Financial Services has a 12-month low of $36.26 and a 12-month high of $59.70. The company's fifty day moving average is $52.04 and its 200-day moving average is $49.14. 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 Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.6175 per share. This represents a $2.47 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date is Friday, February 28th. Peoples Financial Services's dividend payout ratio (DPR) is presently 239.81%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PFIS shares. Hovde Group upped their price objective 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. StockNews.com raised Peoples Financial Services from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. Finally, Stephens raised Peoples Financial Services from an "equal weight" rating to an "overweight" rating in a report on Monday, December 9th.

About Peoples Financial Services

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.