Peoples Financial Services (NASDAQ:PFIS) Stock Rating Lowered by Wall Street Zen

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

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

Peoples Financial Services Trading Up 0.7%

Peoples Financial Services stock opened at $47.41 on Monday. Peoples Financial Services has a 12-month low of $38.90 and a 12-month high of $59.70. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $473.86 million, a PE ratio of 14.15 and a beta of 0.79. The firm has a 50 day simple moving average of $48.40 and a 200-day simple moving average of $49.31.

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

Hedge Funds Weigh In On Peoples Financial Services

Hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. acquired a new stake in shares of Peoples Financial Services in the third quarter worth about $37,000. Jones Financial Companies Lllp lifted its holdings in Peoples Financial Services by 1,338.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 863 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 803 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Peoples Financial Services during the second quarter worth approximately $44,000. CWM LLC grew its holdings in Peoples Financial Services by 434.3% during the third quarter. CWM LLC now owns 967 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 786 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in 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 purchasing an additional 360 shares during the last quarter. 31.67% of the stock is owned by institutional investors and hedge funds.

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.