Peoples Financial Services (PFIS) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Peoples Financial Services (NASDAQ:PFIS) from a sell rating to a hold rating in a research note published on Saturday, December 16th.

Peoples Financial Services (NASDAQ:PFIS) traded down $0.70 during mid-day trading on Friday, hitting $46.58. 8,812 shares of the stock traded hands, compared to its average volume of 7,341. Peoples Financial Services has a fifty-two week low of $39.00 and a fifty-two week high of $51.56. The stock has a market cap of $344.53, a P/E ratio of 17.92 and a beta of 0.96. 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 (NASDAQ:PFIS) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.72 earnings per share for the quarter. The company had revenue of $20.32 million during the quarter. Peoples Financial Services had a net margin of 22.75% and a return on equity of 7.36%.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend was Wednesday, November 29th. Peoples Financial Services’s dividend payout ratio (DPR) is 46.21%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Peoples Financial Services by 21.1% in the second quarter. Dimensional Fund Advisors LP now owns 19,361 shares of the financial services provider’s stock valued at $847,000 after purchasing an additional 3,376 shares during the period. LSV Asset Management grew its holdings in shares of Peoples Financial Services by 90.6% in the second quarter. LSV Asset Management now owns 6,100 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 2,900 shares during the period. State Street Corp grew its holdings in shares of Peoples Financial Services by 8.1% in the second quarter. State Street Corp now owns 121,524 shares of the financial services provider’s stock valued at $5,311,000 after purchasing an additional 9,106 shares during the period. Northern Trust Corp grew its holdings in shares of Peoples Financial Services by 1.1% in the second quarter. Northern Trust Corp now owns 74,339 shares of the financial services provider’s stock valued at $3,251,000 after purchasing an additional 796 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Peoples Financial Services by 0.6% in the second quarter. Vanguard Group Inc. now owns 203,134 shares of the financial services provider’s stock valued at $8,884,000 after purchasing an additional 1,212 shares during the period. Institutional investors and hedge funds own 22.96% of the company’s stock.

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About Peoples Financial Services

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.

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