GAMMA Investing LLC Purchases 12,211 Shares of Peoples Financial Services Corp. (NASDAQ:PFIS)

GAMMA Investing LLC boosted its position in Peoples Financial Services Corp. (NASDAQ:PFIS - Free Report) by 67,838.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,229 shares of the financial services provider's stock after acquiring an additional 12,211 shares during the period. GAMMA Investing LLC owned 0.12% of Peoples Financial Services worth $544,000 as of its most recent SEC filing.

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

Peoples Financial Services Stock Up 1.0%

Peoples Financial Services stock opened at $47.14 on Thursday. Peoples Financial Services Corp. has a fifty-two week low of $38.90 and a fifty-two week high of $59.70. The stock has a market cap of $471.40 million, a PE ratio of 22.13 and a beta of 0.76. The firm's 50-day simple moving average is $46.49 and its 200 day simple moving average is $48.40. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.93 and a current ratio of 0.93.

Peoples Financial Services (NASDAQ:PFIS - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.16. The company had revenue of $62.43 million during the quarter, compared to the consensus estimate of $44.35 million. Peoples Financial Services had a return on equity of 10.37% and a net margin of 7.83%. Research analysts predict that Peoples Financial Services Corp. will post 5.92 EPS for the current fiscal year.

Peoples Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $0.6175 per share. This represents a $2.47 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date was Friday, May 30th. Peoples Financial Services's payout ratio is 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.

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