18,322 Shares in Peoples Financial Services Corp. (NASDAQ:PFIS) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in Peoples Financial Services Corp. (NASDAQ:PFIS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,322 shares of the financial services provider's stock, valued at approximately $938,000. Proficio Capital Partners LLC owned approximately 0.18% of Peoples Financial Services at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC lifted its position in Peoples Financial Services by 21.6% in the 4th quarter. SG Americas Securities LLC now owns 3,873 shares of the financial services provider's stock worth $198,000 after buying an additional 688 shares during the last quarter. RBF Capital LLC bought a new stake in shares of Peoples Financial Services in the 3rd quarter worth approximately $342,000. Barclays PLC boosted its stake in shares of Peoples Financial Services by 304.8% in the 3rd 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 in the last quarter. Stifel Financial Corp grew its holdings in shares of Peoples Financial Services by 60.2% during the 3rd 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 last quarter. Finally, Rhumbline Advisers raised its position in Peoples Financial Services by 4.1% in the 4th quarter. Rhumbline Advisers now owns 13,182 shares of the financial services provider's stock worth $675,000 after purchasing an additional 518 shares during the period. 31.67% of the stock is currently owned by institutional investors.

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Peoples Financial Services Stock Down 0.8 %

Shares of NASDAQ PFIS traded down $0.39 on Tuesday, reaching $45.58. 21,434 shares of the company's stock traded hands, compared to its average volume of 21,824. The business's 50 day simple moving average is $49.35 and its two-hundred day simple moving average is $49.72. Peoples Financial Services Corp. has a 12 month low of $36.26 and a 12 month high of $59.70. The company has a market cap of $455.66 million, a price-to-earnings ratio of 40.34 and a beta of 0.56. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32.

Peoples Financial Services (NASDAQ:PFIS - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.17). Peoples Financial Services had a net margin of 3.70% and a return on equity of 8.97%. As a group, equities research analysts forecast that Peoples Financial Services Corp. will post 5.92 EPS for the current fiscal year.

Peoples Financial Services Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.6175 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.47 annualized dividend and a dividend yield of 5.42%. Peoples Financial Services's dividend payout ratio is presently 218.58%.

Analyst Upgrades and Downgrades

Separately, Stephens raised shares of Peoples Financial Services from an "equal weight" rating to an "overweight" rating in a report on Monday, December 9th.

Insider Activity

In other Peoples Financial Services news, Director Richard S. Lochen, Jr. acquired 1,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost of $47.12 per share, with a total value of $47,120.00. Following the completion of the transaction, the director now directly owns 17,129 shares of the company's stock, valued at approximately $807,118.48. This represents a 6.20 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.10% of the company's stock.

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.