Peoples Financial Services (PFIS) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in Peoples Financial Services (NASDAQ:PFIS) by 7.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,256 shares of the financial services provider’s stock after buying an additional 3,446 shares during the period. Bank of New York Mellon Corp owned 0.67% of Peoples Financial Services worth $2,295,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Schwab Charles Investment Management Inc. lifted its holdings in Peoples Financial Services by 5.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 29,324 shares of the financial services provider’s stock worth $1,366,000 after buying an additional 1,404 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Peoples Financial Services by 27.6% in the third quarter. Dimensional Fund Advisors LP now owns 24,697 shares of the financial services provider’s stock worth $1,181,000 after buying an additional 5,336 shares during the period. Finally, Berkshire Asset Management LLC PA lifted its holdings in Peoples Financial Services by 8.4% in the fourth quarter. Berkshire Asset Management LLC PA now owns 17,791 shares of the financial services provider’s stock worth $829,000 after buying an additional 1,383 shares during the period. Institutional investors and hedge funds own 23.24% of the company’s stock.

How to Become a New Pot Stock Millionaire

Shares of PFIS opened at $44.67 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.19. Peoples Financial Services has a one year low of $39.00 and a one year high of $51.56. The stock has a market capitalization of $334.32, a price-to-earnings ratio of 16.93 and a beta of 0.80.

Peoples Financial Services (NASDAQ:PFIS) last issued its quarterly earnings data on Friday, February 2nd. The financial services provider reported $0.71 EPS for the quarter. Peoples Financial Services had a net margin of 20.19% and a return on equity of 7.50%. The business had revenue of $20.27 million during the quarter.

Separately, BidaskClub upgraded shares of Peoples Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, March 15th.

TRADEMARK VIOLATION NOTICE: “Peoples Financial Services (PFIS) Shares Bought by Bank of New York Mellon Corp” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://ledgergazette.com/2018/04/16/peoples-financial-services-pfis-shares-bought-by-bank-of-new-york-mellon-corp.html.

Peoples Financial Services Company Profile

Peoples Financial Services Corp. operates as the bank holding company for Peoples Security Bank and Trust Company that provides financial services. The company accepts money market, NOW, savings, individual retirement, and demand deposit accounts, as well as certificates of deposit. Its loan products include residential real estate, automobile, manufactured housing, personal, student, home equity, and credit card loans; and commercial real estate, working capital, construction, small business administration, and agricultural loans, as well as loans for equipment and other commercial needs, and mineral rights.

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

Receive News & Ratings for Peoples Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peoples Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply