Peoples Financial Services Corp. (NASDAQ:PFIS) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC increased its stake in Peoples Financial Services Corp. (NASDAQ:PFIS) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,321 shares of the financial services provider’s stock after acquiring an additional 1,464 shares during the period. Nuveen Asset Management LLC owned approximately 0.28% of Peoples Financial Services worth $1,449,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Deutsche Bank AG boosted its position in shares of Peoples Financial Services by 35.1% in the fourth quarter. Deutsche Bank AG now owns 8,193 shares of the financial services provider’s stock worth $419,000 after acquiring an additional 2,129 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Peoples Financial Services by 69.3% during the fourth quarter. JPMorgan Chase & Co. now owns 34,612 shares of the financial services provider’s stock valued at $1,771,000 after buying an additional 14,170 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Peoples Financial Services during the fourth quarter valued at approximately $938,000. State of Tennessee Department of Treasury acquired a new position in Peoples Financial Services during the fourth quarter valued at approximately $361,000. Finally, Dimensional Fund Advisors LP lifted its position in Peoples Financial Services by 4.5% during the fourth 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 in the last quarter. 31.67% of the stock is owned by institutional investors and hedge funds.

Peoples Financial Services Trading Up 1.3%

Shares of PFIS stock opened at $48.30 on Wednesday. The stock has a market cap of $482.76 million, a price-to-earnings ratio of 42.74 and a beta of 0.70. 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 fifty-two week low of $37.62 and a fifty-two week high of $59.70. The firm’s 50 day moving average price is $45.33 and its two-hundred day moving average price is $48.91.

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

Peoples Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.6175 per share. The ex-dividend date is Friday, May 30th. This represents a $2.47 dividend on an annualized basis and a yield of 5.11%. Peoples Financial Services’s dividend payout ratio (DPR) is 115.96%.

Peoples Financial Services 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.