GAMMA Investing LLC Increases Stock Position in Peoples Financial Services Corp. (NASDAQ:PFIS)

GAMMA Investing LLC raised its holdings in shares of Peoples Financial Services Corp. (NASDAQ:PFIS - Free Report) by 67,838.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,229 shares of the financial services provider's stock after acquiring an additional 12,211 shares during the quarter. GAMMA Investing LLC owned approximately 0.12% of Peoples Financial Services worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of PFIS. Rhumbline Advisers lifted its stake in shares of Peoples Financial Services by 4.1% during the 4th quarter. Rhumbline Advisers now owns 13,182 shares of the financial services provider's stock valued at $675,000 after buying an additional 518 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Peoples Financial Services by 20.6% during the 4th quarter. Bank of New York Mellon Corp now owns 52,100 shares of the financial services provider's stock valued at $2,666,000 after buying an additional 8,911 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Peoples Financial Services during the 4th quarter valued at $938,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Peoples Financial Services by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 26,345 shares of the financial services provider's stock valued at $1,348,000 after buying an additional 704 shares in the last quarter. Finally, Berkshire Asset Management LLC PA lifted its stake in shares of Peoples Financial Services by 67.8% during the 4th quarter. Berkshire Asset Management LLC PA now owns 21,464 shares of the financial services provider's stock valued at $1,091,000 after buying an additional 8,673 shares in the last quarter. Hedge funds and other institutional investors own 31.67% of the company's stock.

Peoples Financial Services Price Performance

Shares of PFIS traded down $0.18 during trading hours on Friday, reaching $46.96. 44,145 shares of the stock traded hands, compared to its average volume of 24,742. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.27. Peoples Financial Services Corp. has a 52-week low of $38.90 and a 52-week high of $59.70. The company's 50-day moving average price is $46.75 and its two-hundred day moving average price is $48.25. The company has a market cap of $469.37 million, a P/E ratio of 22.05 and a beta of 0.76.

Peoples Financial Services (NASDAQ:PFIS - Get Free Report) last released its earnings results 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. Peoples Financial Services had a net margin of 7.83% and a return on equity of 10.37%. The company had revenue of $62.43 million for the quarter, compared to analysts' expectations of $44.35 million. On average, analysts anticipate that Peoples Financial Services Corp. will post 5.92 earnings per share for the current year.

Peoples Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.6175 dividend. This represents a $2.47 annualized dividend and a yield of 5.26%. The ex-dividend date of this dividend was Friday, May 30th. Peoples Financial Services's payout ratio is currently 115.96%.

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.