State of Tennessee Department of Treasury Makes New $361,000 Investment in Peoples Financial Services Corp. (NASDAQ:PFIS)

State of Tennessee Department of Treasury acquired a new stake in shares of Peoples Financial Services Corp. (NASDAQ:PFIS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,049 shares of the financial services provider's stock, valued at approximately $361,000. State of Tennessee Department of Treasury owned approximately 0.07% of Peoples Financial Services at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Segall Bryant & Hamill LLC bought a new stake in Peoples Financial Services during the fourth quarter worth approximately $1,921,000. Proficio Capital Partners LLC acquired a new stake in shares of Peoples Financial Services during the 4th quarter valued at $938,000. JPMorgan Chase & Co. boosted its stake in shares of Peoples Financial Services by 377.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,442 shares of the financial services provider's stock worth $958,000 after acquiring an additional 16,164 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Peoples Financial Services by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 232,031 shares of the financial services provider's stock worth $11,876,000 after acquiring an additional 9,889 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Peoples Financial Services by 304.8% in the 3rd quarter. Barclays PLC now owns 12,270 shares of the financial services provider's stock worth $576,000 after acquiring an additional 9,239 shares during the last quarter. Institutional investors and hedge funds own 31.67% of the company's stock.

Peoples Financial Services Trading Down 0.1 %

Shares of NASDAQ:PFIS traded down $0.03 during midday trading on Friday, reaching $47.71. The company had a trading volume of 10,714 shares, compared to its average volume of 23,837. The company has a fifty day simple moving average of $44.13 and a two-hundred day simple moving average of $48.93. The firm has a market cap of $476.86 million, a price-to-earnings ratio of 42.22 and a beta of 0.70. Peoples Financial Services Corp. has a 1-year low of $37.50 and a 1-year 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 - Get Free Report) last announced its earnings results on Thursday, May 1st. The financial services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.35 by $0.16. Peoples Financial Services had a net margin of 3.70% and a return on equity of 8.97%. The company had revenue of $62.43 million during the quarter, compared to analysts' expectations of $44.35 million. Research analysts predict that Peoples Financial Services Corp. will post 5.92 earnings per share for the current year.

Peoples Financial Services Announces Dividend

The company also recently announced 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. This represents a $2.47 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend is Friday, May 30th. Peoples Financial Services's dividend payout ratio (DPR) is currently 115.96%.

Insider Activity

In related news, Director Richard S. Lochen, Jr. purchased 1,000 shares of Peoples Financial Services stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $47.12 per share, with a total value of $47,120.00. Following the completion of the transaction, the director now directly owns 17,129 shares of the company's stock, valued at $807,118.48. This trade represents a 6.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.00% of the company's stock.

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.