Segall Bryant & Hamill LLC bought a new stake in shares of Peoples Financial Services Corp. (NASDAQ:PFIS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 37,531 shares of the financial services provider's stock, valued at approximately $1,921,000. Segall Bryant & Hamill LLC owned approximately 0.38% of Peoples Financial Services at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the business. SG Americas Securities LLC increased its holdings in Peoples Financial Services by 21.6% during the 4th quarter. SG Americas Securities LLC now owns 3,873 shares of the financial services provider's stock worth $198,000 after purchasing an additional 688 shares during the last quarter. RBF Capital LLC acquired a new stake in shares of Peoples Financial Services during the third quarter worth approximately $342,000. Barclays PLC increased its stake in shares of Peoples Financial Services by 304.8% in the third quarter. Barclays PLC now owns 12,270 shares of the financial services provider's stock worth $576,000 after buying an additional 9,239 shares during the last quarter. Stifel Financial Corp raised its holdings in 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 acquiring an additional 4,627 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Peoples Financial Services by 4.1% during the 4th quarter. Rhumbline Advisers now owns 13,182 shares of the financial services provider's stock valued at $675,000 after acquiring an additional 518 shares during the last quarter. Institutional investors and hedge funds own 31.67% of the company's stock.
Insider Activity at Peoples Financial Services
In other 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 acquired at an average price of $47.12 per share, with a total value of $47,120.00. Following the acquisition, the director now directly owns 17,129 shares in the company, valued at approximately $807,118.48. The trade was a 6.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.10% of the company's stock.
Peoples Financial Services Stock Performance
Peoples Financial Services stock traded down $0.25 during mid-day trading on Wednesday, reaching $44.35. The company's stock had a trading volume of 1,673 shares, compared to its average volume of 22,403. 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 Corp. has a twelve month low of $36.26 and a twelve month high of $59.70. The business has a 50 day moving average price of $48.74 and a 200-day moving average price of $49.73. The firm has a market cap of $443.38 million, a price-to-earnings ratio of 39.25 and a beta of 0.56.
Peoples Financial Services (NASDAQ:PFIS - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.17). Peoples Financial Services had a net margin of 3.70% and a return on equity of 8.97%. Sell-side analysts predict that Peoples Financial Services Corp. will post 5.92 EPS for the current fiscal year.
Peoples Financial Services Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.6175 per share. This represents a $2.47 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date of this dividend was Friday, February 28th. Peoples Financial Services's payout ratio is 218.58%.
Wall Street Analysts Forecast Growth
Separately, Stephens raised shares of Peoples Financial Services from an "equal weight" rating to an "overweight" rating in a research report on Monday, December 9th.
Check Out Our Latest Analysis on Peoples Financial Services
About Peoples Financial Services
(
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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