Bridgeway Capital Management LLC Sells 7,373 Shares of Peoples Financial Services Corp. (NASDAQ:PFIS)

Bridgeway Capital Management LLC cut its holdings in Peoples Financial Services Corp. (NASDAQ:PFIS - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 60,872 shares of the financial services provider's stock after selling 7,373 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.61% of Peoples Financial Services worth $3,115,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Peoples Financial Services by 377.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,442 shares of the financial services provider's stock worth $958,000 after buying an additional 16,164 shares in the last quarter. Barclays PLC boosted its holdings in Peoples Financial Services by 304.8% in the third quarter. Barclays PLC now owns 12,270 shares of the financial services provider's stock valued at $576,000 after acquiring an additional 9,239 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Peoples Financial Services in the fourth quarter valued at about $938,000. State of Tennessee Department of Treasury bought a new stake in Peoples Financial Services during the 4th quarter worth about $361,000. Finally, Berkshire Asset Management LLC PA raised its stake in shares of 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 buying an additional 8,673 shares during the last quarter. 31.67% of the stock is owned by institutional investors.

Insider Activity at Peoples Financial Services

In other news, Director Richard S. Lochen, Jr. bought 1,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $47.12 per share, for a total transaction of $47,120.00. Following the purchase, the director now owns 17,129 shares of the company's stock, valued at approximately $807,118.48. This trade represents a 6.20 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 8.00% of the stock is owned by insiders.

Peoples Financial Services Trading Down 0.1 %

PFIS traded down $0.03 during midday trading on Friday, reaching $47.71. 10,714 shares of the company were exchanged, compared to its average volume of 23,837. The stock's 50-day simple moving average is $44.13 and its 200 day simple moving average is $48.93. Peoples Financial Services Corp. has a one year low of $37.50 and a one year high of $59.70. The stock has a market capitalization of $476.86 million, a P/E ratio of 42.22 and a beta of 0.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.93.

Peoples Financial Services (NASDAQ:PFIS - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.16. Peoples Financial Services had a net margin of 3.70% and a return on equity of 8.97%. The company had revenue of $62.43 million during the quarter, compared to analysts' expectations of $44.35 million. As a group, analysts forecast that Peoples Financial Services Corp. will post 5.92 earnings per share for the current fiscal year.

Peoples Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.6175 per share. This represents a $2.47 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend is 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.