Peoples Financial Services (NASDAQ:PFIS) Rating Lowered to Hold at Wall Street Zen

Peoples Financial Services (NASDAQ:PFIS) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Monday.

Several other research firms have also recently issued reports on PFIS. Weiss Ratings reiterated a “hold (c+)” rating on shares of Peoples Financial Services in a research report on Wednesday, October 8th. Hovde Group cut their price target on shares of Peoples Financial Services from $54.00 to $50.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $50.00.

Peoples Financial Services Trading Up 0.7%

NASDAQ PFIS opened at $47.41 on Monday. The firm’s fifty day moving average is $48.40 and its two-hundred day moving average is $49.31. Peoples Financial Services has a one year low of $38.90 and a one year high of $59.70. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $473.86 million, a PE ratio of 14.15 and a beta of 0.79.

Peoples Financial Services (NASDAQ:PFIS) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $4.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $3.19. The firm had revenue of $65.88 million for the quarter, compared to analysts’ expectations of $49.00 million. Peoples Financial Services had a return on equity of 12.20% and a net margin of 11.80%. Analysts expect that Peoples Financial Services will post 5.92 earnings per share for the current year.

Hedge Funds Weigh In On Peoples Financial Services

A number of institutional investors and hedge funds have recently bought and sold shares of PFIS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Peoples Financial Services by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,513 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 234 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Peoples Financial Services by 59.1% during the second quarter. BNP Paribas Financial Markets now owns 969 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 360 shares in the last quarter. First Trust Advisors LP increased its position in shares of Peoples Financial Services by 6.3% during the second quarter. First Trust Advisors LP now owns 6,397 shares of the financial services provider’s stock worth $316,000 after acquiring an additional 381 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Peoples Financial Services by 5.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,768 shares of the financial services provider’s stock worth $366,000 after acquiring an additional 427 shares in the last quarter. Finally, Stoneridge Investment Partners LLC boosted its holdings in Peoples Financial Services by 7.9% in the third quarter. Stoneridge Investment Partners LLC now owns 6,125 shares of the financial services provider’s stock valued at $298,000 after purchasing an additional 451 shares during the last quarter. Hedge funds and other institutional investors own 31.67% 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.