Deutsche Bank AG Decreases Stock Position in Peoples Financial Services Corp. $PFIS

Deutsche Bank AG trimmed its holdings in shares of Peoples Financial Services Corp. (NASDAQ:PFIS) by 11.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,219 shares of the financial services provider’s stock after selling 974 shares during the period. Deutsche Bank AG owned approximately 0.07% of Peoples Financial Services worth $321,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PFIS. Vanguard Group Inc. lifted its holdings in shares of Peoples Financial Services by 1.4% during the first quarter. Vanguard Group Inc. now owns 495,001 shares of the financial services provider’s stock valued at $22,013,000 after purchasing an additional 6,935 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Peoples Financial Services by 35.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,946 shares of the financial services provider’s stock worth $353,000 after buying an additional 2,066 shares in the last quarter. GAMMA Investing LLC raised its position in Peoples Financial Services by 67,838.9% in the 1st quarter. GAMMA Investing LLC now owns 12,229 shares of the financial services provider’s stock worth $544,000 after buying an additional 12,211 shares during the last quarter. Squarepoint Ops LLC bought a new position in Peoples Financial Services during the 4th quarter valued at about $239,000. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Peoples Financial Services by 5.5% during the 4th quarter. Nuveen Asset Management LLC now owns 28,321 shares of the financial services provider’s stock valued at $1,449,000 after acquiring an additional 1,464 shares during the last quarter. Institutional investors own 31.67% of the company’s stock.

Insiders Place Their Bets

In related news, Director Richard S. Lochen, Jr. purchased 1,000 shares of the business’s stock in a transaction on Wednesday, August 6th. The stock was acquired at an average price of $47.67 per share, with a total value of $47,670.00. Following the completion of the acquisition, the director owned 18,319 shares of the company’s stock, valued at approximately $873,266.73. This trade represents a 5.77% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 8.00% of the company’s stock.

Peoples Financial Services Stock Performance

Shares of NASDAQ PFIS opened at $53.42 on Friday. Peoples Financial Services Corp. has a 12-month low of $38.90 and a 12-month high of $59.70. The firm has a market capitalization of $533.67 million, a price-to-earnings ratio of 15.95 and a beta of 0.79. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average of $50.60 and a 200 day moving average of $47.95.

Peoples Financial Services (NASDAQ:PFIS) last released its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.21. The business had revenue of $48.44 million for the quarter, compared to the consensus estimate of $46.75 million. Peoples Financial Services had a net margin of 11.80% and a return on equity of 12.20%. On average, research analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.6175 per share. The ex-dividend date is Friday, August 29th. This represents a $2.47 annualized dividend and a yield of 4.6%. Peoples Financial Services’s payout ratio is 73.73%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Peoples Financial Services from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

About Peoples Financial Services

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.