Peoples Financial Services (NASDAQ:PFIS - Free Report) had its target price lowered by Hovde Group from $48.00 to $43.00 in a research report report published on Monday morning, Marketbeat.com reports. The brokerage currently has a market perform rating on the financial services provider's stock.
Peoples Financial Services Stock Performance
NASDAQ PFIS traded down $0.29 during trading hours on Monday, hitting $39.31. The company's stock had a trading volume of 7,097 shares, compared to its average volume of 12,192. Peoples Financial Services has a 12 month low of $30.60 and a 12 month high of $49.99. The company has a market cap of $277.53 million, a P/E ratio of 12.06 and a beta of 0.48. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.92 and a quick ratio of 0.92. The company's 50 day simple moving average is $39.50 and its two-hundred day simple moving average is $42.38.
Peoples Financial Services Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.17%. Peoples Financial Services's payout ratio is 50.31%.
Institutional Trading of Peoples Financial Services
A number of large investors have recently made changes to their positions in PFIS. SG Americas Securities LLC purchased a new stake in shares of Peoples Financial Services in the third quarter worth approximately $139,000. BNP Paribas Financial Markets boosted its position in shares of Peoples Financial Services by 87.7% in the 1st quarter. BNP Paribas Financial Markets now owns 3,400 shares of the financial services provider's stock worth $147,000 after purchasing an additional 1,589 shares in the last quarter. Trexquant Investment LP acquired a new position in Peoples Financial Services during the 4th quarter valued at approximately $281,000. Commonwealth Equity Services LLC lifted its position in Peoples Financial Services by 13.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 8,031 shares of the financial services provider's stock worth $322,000 after acquiring an additional 956 shares during the period. Finally, Fidelity D & D Bancorp Inc. acquired a new position in shares of Peoples Financial Services in the third quarter valued at about $333,000. 31.67% of the stock is currently owned by institutional investors.
Peoples Financial Services Company Profile
(
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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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