Peoples Financial Services (NASDAQ:PFIS) Price Target Cut to $47.00

Peoples Financial Services (NASDAQ:PFIS - Get Free Report) had its price objective lowered by equities researchers at Stephens from $50.00 to $47.00 in a report released on Monday, Benzinga reports. The brokerage presently has an "equal weight" rating on the financial services provider's stock. Stephens' target price indicates a potential upside of 25.33% from the stock's previous close.

Separately, Hovde Group cut their target price on Peoples Financial Services from $48.00 to $43.00 and set a "market perform" rating for the company in a research note on Monday, May 6th.

Peoples Financial Services Stock Performance

NASDAQ PFIS traded down $1.15 during trading hours on Monday, reaching $37.50. 8,593 shares of the company were exchanged, compared to its average volume of 11,893. Peoples Financial Services has a 1 year low of $36.26 and a 1 year high of $49.99. The business's 50 day simple moving average is $39.36 and its 200-day simple moving average is $42.33. The stock has a market capitalization of $264.64 million, a P/E ratio of 11.50 and a beta of 0.48. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.17.

Institutional Investors Weigh In On Peoples Financial Services

A number of large investors have recently modified their holdings of PFIS. SG Americas Securities LLC bought a new stake in Peoples Financial Services during the third quarter worth about $139,000. BNP Paribas Financial Markets boosted its holdings in Peoples Financial Services by 87.7% in the first quarter. BNP Paribas Financial Markets now owns 3,400 shares of the financial services provider's stock worth $147,000 after acquiring an additional 1,589 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of Peoples Financial Services in the fourth quarter worth $281,000. Commonwealth Equity Services LLC increased its holdings in shares of Peoples Financial Services by 13.5% during the third quarter. Commonwealth Equity Services LLC now owns 8,031 shares of the financial services provider's stock valued at $322,000 after acquiring an additional 956 shares in the last quarter. Finally, Fidelity D & D Bancorp Inc. purchased a new position in shares of Peoples Financial Services in the 3rd quarter worth about $333,000. Institutional investors own 31.67% of the company's stock.

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.