Peoples Financial Services (NASDAQ:PFIS) Releases Quarterly Earnings Results

Peoples Financial Services (NASDAQ:PFISGet Rating) announced its quarterly earnings results on Tuesday. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.25, MarketWatch Earnings reports. Peoples Financial Services had a net margin of 36.36% and a return on equity of 10.36%.

Shares of PFIS traded up $0.19 on Wednesday, hitting $49.00. 15,621 shares of the stock traded hands, compared to its average volume of 12,424. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $351.23 million, a P/E ratio of 8.13 and a beta of 0.21. The stock’s 50 day moving average is $49.03 and its two-hundred day moving average is $49.27. Peoples Financial Services has a 1 year low of $41.23 and a 1 year high of $55.00.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Monday, February 28th were paid a dividend of $0.39 per share. This is an increase from Peoples Financial Services’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 25th. This represents a $1.56 annualized dividend and a dividend yield of 3.18%. Peoples Financial Services’s dividend payout ratio is presently 25.87%.

Several analysts have issued reports on the stock. Stephens assumed coverage on shares of Peoples Financial Services in a report on Monday, March 28th. They issued an “overweight” rating and a $57.00 price target on the stock. StockNews.com began coverage on shares of Peoples Financial Services in a report on Thursday, March 31st. They issued a “buy” rating on the stock.

In other news, Director Elisa Z. Ramirez acquired 1,030 shares of Peoples Financial Services stock in a transaction that occurred on Tuesday, March 8th. The shares were acquired at an average price of $48.62 per share, with a total value of $50,078.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.50% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank AG increased its position in shares of Peoples Financial Services by 5.7% in the fourth quarter. Deutsche Bank AG now owns 4,260 shares of the financial services provider’s stock worth $224,000 after acquiring an additional 230 shares in the last quarter. Royal Bank of Canada grew its holdings in Peoples Financial Services by 6.1% during the 3rd quarter. Royal Bank of Canada now owns 4,271 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 245 shares in the last quarter. Morgan Stanley grew its holdings in Peoples Financial Services by 4.5% during the 2nd quarter. Morgan Stanley now owns 10,785 shares of the financial services provider’s stock valued at $459,000 after purchasing an additional 468 shares in the last quarter. Geode Capital Management LLC grew its holdings in Peoples Financial Services by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 108,820 shares of the financial services provider’s stock valued at $5,733,000 after purchasing an additional 602 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in Peoples Financial Services by 100.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,769 shares of the financial services provider’s stock valued at $81,000 after purchasing an additional 885 shares in the last quarter. 29.13% of the stock is owned by institutional investors.

About Peoples Financial Services (Get Rating)

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, NOW, savings, individual retirement, demand deposit, and certificates of deposit accounts. It also provides residential real estate, automobile, manufactured housing, personal, and home equity 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.

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Earnings History for Peoples Financial Services (NASDAQ:PFIS)

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