Millennium Management LLC Raises Stock Holdings in Peoples Financial Services Corp. (NASDAQ:PFIS)

Millennium Management LLC increased its position in Peoples Financial Services Corp. (NASDAQ:PFIS) by 32.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,538 shares of the financial services provider’s stock after acquiring an additional 1,864 shares during the period. Millennium Management LLC owned approximately 0.08% of Peoples Financial Services worth $386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hoey Investments Inc. purchased a new position in Peoples Financial Services in the 4th quarter worth $126,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Peoples Financial Services by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,279 shares of the financial services provider’s stock valued at $270,000 after buying an additional 228 shares during the last quarter. Martingale Asset Management L P raised its stake in shares of Peoples Financial Services by 11.9% during the 4th quarter. Martingale Asset Management L P now owns 5,373 shares of the financial services provider’s stock valued at $275,000 after buying an additional 570 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Peoples Financial Services during the 4th quarter valued at about $310,000. Finally, State of Tennessee Department of Treasury purchased a new position in shares of Peoples Financial Services during the 4th quarter valued at about $361,000. Hedge funds and other institutional investors own 31.67% of the company’s stock.

Peoples Financial Services Stock Performance

NASDAQ PFIS opened at $48.52 on Tuesday. The stock has a 50-day simple moving average of $45.60 and a two-hundred day simple moving average of $48.72. The firm has a market capitalization of $484.96 million, a P/E ratio of 42.94 and a beta of 0.76. Peoples Financial Services Corp. has a fifty-two week low of $37.68 and a fifty-two week high of $59.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.93.

Peoples Financial Services (NASDAQ:PFIS) last released its quarterly earnings data 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 business had revenue of $62.43 million during the quarter, compared to analyst estimates of $44.35 million. Peoples Financial Services had a return on equity of 8.97% and a net margin of 3.70%. On average, equities analysts forecast that Peoples Financial Services Corp. will post 5.92 earnings per share for the current year.

Peoples Financial Services Dividend Announcement

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

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.