Peoples Financial Services Corp. (NASDAQ:PFIS) Stake Increased by Northern Trust Corp

Northern Trust Corp increased its holdings in shares of Peoples Financial Services Corp. (NASDAQ:PFIS) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,780 shares of the financial services provider’s stock after buying an additional 1,618 shares during the quarter. Northern Trust Corp owned 0.83% of Peoples Financial Services worth $4,237,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in Peoples Financial Services by 377.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,442 shares of the financial services provider’s stock valued at $958,000 after acquiring an additional 16,164 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Peoples Financial Services during the fourth quarter worth approximately $938,000. State of Tennessee Department of Treasury purchased a new position in Peoples Financial Services during the fourth quarter valued at approximately $361,000. Dimensional Fund Advisors LP increased its stake in Peoples Financial Services by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 232,031 shares of the financial services provider’s stock valued at $11,876,000 after buying an additional 9,889 shares during the period. Finally, Berkshire Asset Management LLC PA lifted its position in Peoples Financial Services by 67.8% in the 4th quarter. Berkshire Asset Management LLC PA now owns 21,464 shares of the financial services provider’s stock worth $1,091,000 after buying an additional 8,673 shares in the last quarter. 31.67% of the stock is owned by institutional investors and hedge funds.

Peoples Financial Services Trading Down 2.0%

Shares of NASDAQ:PFIS opened at $48.56 on Friday. The firm has a fifty day moving average of $44.87 and a two-hundred day moving average of $49.10. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32. Peoples Financial Services Corp. has a 12-month low of $37.62 and a 12-month high of $59.70. The firm has a market capitalization of $485.36 million, a P/E ratio of 42.97 and a beta of 0.70.

Peoples Financial Services (NASDAQ:PFIS) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.16. Peoples Financial Services had a return on equity of 8.97% and a net margin of 3.70%. The business had revenue of $62.43 million during the quarter, compared to analyst estimates of $44.35 million. On average, equities analysts expect that Peoples Financial Services Corp. will post 5.92 EPS for the current fiscal year.

Peoples Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.6175 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.47 dividend on an annualized basis and a yield of 5.09%. Peoples Financial Services’s dividend payout ratio (DPR) is currently 115.96%.

Insider Buying and Selling at Peoples Financial Services

In other news, Director Richard S. Lochen, Jr. bought 1,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $47.12 per share, for a total transaction of $47,120.00. Following the completion of the purchase, the director now directly owns 17,129 shares of the company’s stock, valued at $807,118.48. This trade represents a 6.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 8.00% 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.