Peoples Financial Services (NASDAQ:PFIS) Downgraded to “Sell” at StockNews.com

Peoples Financial Services (NASDAQ:PFISGet Free Report) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

A number of other equities research analysts also recently issued reports on the stock. Hovde Group cut their price objective 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. Stephens cut their price target on Peoples Financial Services from $50.00 to $47.00 and set an “equal weight” rating for the company in a report on Monday, May 13th.

Check Out Our Latest Stock Analysis on PFIS

Peoples Financial Services Stock Down 3.4 %

Peoples Financial Services stock opened at $43.95 on Wednesday. The stock has a market cap of $310.29 million, a PE ratio of 13.48 and a beta of 0.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a fifty day moving average of $39.75 and a 200 day moving average of $41.68. Peoples Financial Services has a one year low of $36.26 and a one year high of $49.99.

Peoples Financial Services (NASDAQ:PFISGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.55 earnings per share for the quarter. The firm had revenue of $22.72 million for the quarter. Peoples Financial Services had a net margin of 13.81% and a return on equity of 7.52%. As a group, sell-side analysts predict that Peoples Financial Services will post 3.16 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PFIS. SG Americas Securities LLC raised its holdings in Peoples Financial Services by 7.7% during the fourth 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. BNP Paribas Financial Markets grew its position in shares of Peoples Financial Services by 87.7% during the first quarter. BNP Paribas Financial Markets now owns 3,400 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 1,589 shares in the last quarter. Empowered Funds LLC raised its stake in Peoples Financial Services by 7.8% during the 1st quarter. Empowered Funds LLC now owns 26,612 shares of the financial services provider’s stock valued at $1,147,000 after purchasing an additional 1,925 shares during the period. Quadrature Capital Ltd lifted its holdings in Peoples Financial Services by 46.7% in the 1st quarter. Quadrature Capital Ltd now owns 10,707 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 3,409 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in Peoples Financial Services in the 4th quarter worth approximately $281,000. Institutional investors own 31.67% of the company’s stock.

About Peoples Financial Services

(Get 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.

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