StockNews.com upgraded shares of Peoples Financial Services (NASDAQ:PFIS - Free Report) from a sell rating to a hold rating in a report issued on Thursday morning.
Peoples Financial Services Stock Performance
Shares of NASDAQ PFIS traded down $4.23 during trading on Thursday, reaching $50.48. 45,679 shares of the company traded hands, compared to its average volume of 16,901. The firm has a 50 day simple moving average of $46.80 and a 200-day simple moving average of $43.96. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $503.79 million, a PE ratio of 20.95 and a beta of 0.50. Peoples Financial Services has a 52-week low of $36.26 and a 52-week high of $55.64.
Peoples Financial Services (NASDAQ:PFIS - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.08 by $0.56. The company had revenue of $74.01 million for the quarter. Peoples Financial Services had a net margin of 10.07% and a return on equity of 5.93%. Equities research analysts anticipate that Peoples Financial Services will post 3.45 earnings per share for the current year.
Peoples Financial Services Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.618 per share. This represents a $2.47 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Friday, November 29th. Peoples Financial Services's payout ratio is 102.49%.
Institutional Investors Weigh In On Peoples Financial Services
Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Peoples Financial Services by 2.1% during the first quarter. Vanguard Group Inc. now owns 322,786 shares of the financial services provider's stock valued at $13,915,000 after buying an additional 6,776 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Peoples Financial Services by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 191,934 shares of the financial services provider's stock worth $8,740,000 after purchasing an additional 9,122 shares during the last quarter. Bank of New York Mellon Corp increased its position in Peoples Financial Services by 19.9% in the second quarter. Bank of New York Mellon Corp now owns 47,178 shares of the financial services provider's stock worth $2,148,000 after purchasing an additional 7,831 shares during the last quarter. Empowered Funds LLC increased its position in 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 worth $2,126,000 after purchasing an additional 16,753 shares during the last quarter. Finally, Alliance Wealth Advisors LLC increased its position in 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 worth $1,811,000 after purchasing an additional 31,102 shares during the last quarter. Institutional investors own 31.67% of the company's stock.
About Peoples Financial Services
(
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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