Peoples Financial Services Corp. (NASDAQ:PFIS - Get Free Report) declared a quarterly dividend on Friday, July 25th, RTT News reports. Stockholders of record on Friday, August 29th will be given a dividend of 0.6175 per share by the financial services provider on Monday, September 15th. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date is Friday, August 29th.
Peoples Financial Services has a dividend payout ratio of 38.9% indicating that its dividend is sufficiently covered by earnings.
Peoples Financial Services Stock Down 1.8%
Shares of NASDAQ PFIS traded down $0.90 during midday trading on Tuesday, reaching $49.60. 17,448 shares of the company's stock traded hands, compared to its average volume of 39,410. Peoples Financial Services has a one year low of $38.90 and a one year high of $59.70. The stock's 50 day simple moving average is $49.82 and its 200-day simple moving average is $48.08. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.27. The company has a market cap of $496 million, a price-to-earnings ratio of 23.29 and a beta of 0.75.
Peoples Financial Services (NASDAQ:PFIS - Get Free Report) last posted its 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 analysts' expectations of $44.35 million. Peoples Financial Services had a net margin of 7.83% and a return on equity of 10.37%. On average, analysts predict that Peoples Financial Services will post 5.92 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in PFIS. Royal Bank of Canada raised its holdings in shares of Peoples Financial Services by 44.8% in the first quarter. Royal Bank of Canada now owns 8,198 shares of the financial services provider's stock worth $364,000 after buying an additional 2,538 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Peoples Financial Services by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,513 shares of the financial services provider's stock worth $245,000 after purchasing an additional 234 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Peoples Financial Services by 7.1% during the first quarter. Empowered Funds LLC now owns 40,651 shares of the financial services provider's stock worth $1,808,000 after purchasing an additional 2,679 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Peoples Financial Services during the first quarter worth $467,000. Hedge funds and other institutional investors own 31.67% of the company's stock.
Analysts Set New Price Targets
Separately, Wall Street Zen cut shares of Peoples Financial Services from a "buy" rating to a "hold" rating in a report on Saturday, July 12th.
Get Our Latest Research Report on PFIS
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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