5,761 Shares in Peoples Financial Services Corp. (NASDAQ:PFIS) Purchased by Trexquant Investment LP

Trexquant Investment LP acquired a new stake in Peoples Financial Services Corp. (NASDAQ:PFISFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,761 shares of the financial services provider’s stock, valued at approximately $281,000. Trexquant Investment LP owned 0.08% of Peoples Financial Services as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Eagle Wealth Strategies LLC bought a new stake in Peoples Financial Services in the 4th quarter valued at about $1,394,000. SG Americas Securities LLC boosted its holdings in Peoples Financial Services by 7.7% in the 4th quarter. SG Americas Securities LLC now owns 3,739 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 268 shares during the period. Bank of New York Mellon Corp boosted its holdings in Peoples Financial Services by 2.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 46,766 shares of the financial services provider’s stock valued at $1,875,000 after purchasing an additional 1,108 shares during the period. Finally, Fidelity D & D Bancorp Inc. bought a new stake in Peoples Financial Services in the 3rd quarter valued at about $333,000. Institutional investors own 31.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PFIS shares. Stephens dropped their target price on shares of Peoples Financial Services from $50.00 to $47.00 and set an “equal weight” rating for the company in a research report on Monday, May 13th. StockNews.com upgraded shares of Peoples Financial Services from a “sell” rating to a “hold” rating in a research report on Friday, May 31st. Finally, Hovde Group dropped their target price on shares of Peoples Financial Services from $48.00 to $43.00 and set a “market perform” rating for the company in a research report on Monday, May 6th.

Check Out Our Latest Research Report on PFIS

Peoples Financial Services Price Performance

Shares of NASDAQ:PFIS opened at $38.30 on Wednesday. The firm has a 50 day moving average of $39.12 and a 200-day moving average of $42.19. The stock has a market capitalization of $270.40 million, a PE ratio of 11.75 and a beta of 0.50. Peoples Financial Services Corp. has a 12 month low of $36.26 and a 12 month high of $49.99. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.17.

Peoples Financial Services (NASDAQ:PFISGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter. The business had revenue of $22.72 million during the quarter. Peoples Financial Services had a net margin of 13.81% and a return on equity of 7.52%. On average, equities research analysts predict that Peoples Financial Services Corp. will post 4.06 EPS for the current fiscal year.

Peoples Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Friday, May 31st. Peoples Financial Services’s dividend payout ratio is 50.31%.

Peoples Financial Services Company Profile

(Free Report)

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.

Further Reading

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

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