Hovde Group Lowers Peoples Financial Services (NASDAQ:PFIS) Price Target to $43.00

Peoples Financial Services (NASDAQ:PFIS) had its target price dropped by research analysts at Hovde Group from $48.00 to $43.00 in a research report issued on Monday, Marketbeat.com reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Hovde Group’s target price points to a potential upside of 13.46% from the company’s previous close.

Peoples Financial Services Stock Performance

NASDAQ:PFIS opened at $37.90 on Monday. The company has a market capitalization of $267.57 million, a P/E ratio of 11.63 and a beta of 0.48. The business has a fifty day simple moving average of $39.45 and a two-hundred day simple moving average of $42.36. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.92 and a quick ratio of 0.92. Peoples Financial Services has a 1 year low of $30.60 and a 1 year high of $49.99.

Hedge Funds Weigh In On Peoples Financial Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Eagle Wealth Strategies LLC purchased a new stake in shares of Peoples Financial Services during the 4th quarter valued at approximately $1,394,000. SG Americas Securities LLC raised its holdings in Peoples Financial Services by 7.7% during the 4th quarter. SG Americas Securities LLC now owns 3,739 shares of the financial services provider’s stock valued at $182,000 after acquiring an additional 268 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Peoples Financial Services by 2.4% during the third quarter. Bank of New York Mellon Corp now owns 46,766 shares of the financial services provider’s stock worth $1,875,000 after acquiring an additional 1,108 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Peoples Financial Services by 13.5% in the third quarter. Commonwealth Equity Services LLC now owns 8,031 shares of the financial services provider’s stock worth $322,000 after acquiring an additional 956 shares during the period. Finally, Fidelity D & D Bancorp Inc. bought a new position in shares of Peoples Financial Services in the third quarter worth $333,000. Institutional investors own 31.67% of the company’s stock.

Peoples Financial Services Company Profile

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, negotiable order of withdrawal, savings, individual retirement, demand deposit, and certificates of deposit accounts.