StockNews.com Lowers Peoples Financial Services (NASDAQ:PFIS) to Hold

StockNews.com lowered shares of Peoples Financial Services (NASDAQ:PFISGet Rating) from a buy rating to a hold rating in a research report released on Monday.

Separately, Stephens started coverage on Peoples Financial Services in a research note on Monday, March 28th. They set an overweight rating and a $57.00 price target on the stock.

Shares of NASDAQ:PFIS opened at $50.02 on Monday. The business’s 50 day simple moving average is $49.09 and its 200-day simple moving average is $49.34. The firm has a market capitalization of $358.54 million, a price-to-earnings ratio of 8.27 and a beta of 0.21. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.87 and a quick ratio of 0.87. Peoples Financial Services has a 12 month low of $41.23 and a 12 month high of $55.00.

Peoples Financial Services (NASDAQ:PFISGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The financial services provider reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.25. Peoples Financial Services had a return on equity of 10.30% and a net margin of 36.18%. On average, equities analysts anticipate that Peoples Financial Services will post 4.54 earnings per share for the current year.

In related news, Director Elisa Z. Ramirez bought 1,030 shares of Peoples Financial Services stock in a transaction that occurred on Tuesday, March 8th. The shares were purchased 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 SEC, which is accessible through this link. 3.30% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Lazard Asset Management LLC purchased a new stake in Peoples Financial Services in the 4th quarter valued at approximately $36,000. Citigroup Inc. lifted its stake in Peoples Financial Services by 139.7% in the 3rd quarter. Citigroup Inc. now owns 803 shares of the financial services provider’s stock valued at $37,000 after buying an additional 468 shares in the last quarter. Emerald Advisers LLC purchased a new stake in Peoples Financial Services in the 4th quarter valued at approximately $61,000. BNP Paribas Arbitrage SA lifted its stake in Peoples Financial Services by 100.1% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,769 shares of the financial services provider’s stock valued at $81,000 after buying an additional 885 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Peoples Financial Services in the 1st quarter valued at $86,000. 29.28% of the stock is currently owned by hedge funds and other 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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