TIAA CREF Investment Management LLC Cuts Position in Peoples Financial Services Corp. (PFIS)

TIAA CREF Investment Management LLC reduced its position in Peoples Financial Services Corp. (NASDAQ:PFIS) by 12.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,381 shares of the financial services provider’s stock after selling 2,670 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.26% of Peoples Financial Services Corp. worth $848,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LSV Asset Management raised its position in shares of Peoples Financial Services Corp. by 90.6% in the 2nd quarter. LSV Asset Management now owns 6,100 shares of the financial services provider’s stock worth $266,000 after buying an additional 2,900 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Peoples Financial Services Corp. by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 20,374 shares of the financial services provider’s stock worth $891,000 after buying an additional 95 shares during the period. Finally, Kennedy Capital Management Inc. raised its position in shares of Peoples Financial Services Corp. by 3.6% in the 2nd quarter. Kennedy Capital Management Inc. now owns 18,819 shares of the financial services provider’s stock worth $823,000 after buying an additional 648 shares during the period. 22.09% of the stock is currently owned by institutional investors and hedge funds.

Separately, BidaskClub upgraded Peoples Financial Services Corp. from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th.

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Shares of Peoples Financial Services Corp. (NASDAQ:PFIS) opened at $44.68 on Monday. Peoples Financial Services Corp. has a twelve month low of $39.00 and a twelve month high of $50.54. The stock has a market capitalization of $330.48, a price-to-earnings ratio of 17.18 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.94 and a quick ratio of 0.94.

Peoples Financial Services Corp. (NASDAQ:PFIS) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter. Peoples Financial Services Corp. had a return on equity of 7.36% and a net margin of 22.75%. The firm had revenue of $20.32 million during the quarter.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a $0.32 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.28 annualized dividend and a yield of 2.86%. Peoples Financial Services Corp.’s dividend payout ratio is currently 46.21%.

About Peoples Financial Services Corp.

Peoples Financial Services Corp. is a bank holding company. The Company provides a range of financial services through its subsidiary, Peoples Security Bank and Trust Company (Peoples Bank), including its subsidiary, Peoples Advisors, LLC. Peoples Bank is a state-chartered bank and trust company. Peoples Advisors, LLC, provides investment advisory services through a third party to individuals and small businesses.

Institutional Ownership by Quarter for Peoples Financial Services Corp. (NASDAQ:PFIS)

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