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

Bridgeway Capital Management LLC lessened 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 firm owned 60,872 shares of the financial services provider's stock after selling 7,373 shares during the quarter. Bridgeway Capital Management LLC owned 0.61% of Peoples Financial Services worth $3,115,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in Peoples Financial Services by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 232,031 shares of the financial services provider's stock worth $11,876,000 after acquiring an additional 9,889 shares during the period. Northern Trust Corp increased its holdings in Peoples Financial Services by 2.0% in the 4th quarter. Northern Trust Corp now owns 82,780 shares of the financial services provider's stock valued at $4,237,000 after buying an additional 1,618 shares during the period. Bank of New York Mellon Corp lifted its stake in Peoples Financial Services by 20.6% during 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. PNC Financial Services Group Inc. boosted its holdings in shares of Peoples Financial Services by 0.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 51,084 shares of the financial services provider's stock valued at $2,614,000 after purchasing an additional 200 shares in the last quarter. Finally, Alliance Wealth Advisors LLC increased its stake in shares of Peoples Financial Services by 0.6% in the 4th quarter. Alliance Wealth Advisors LLC now owns 38,857 shares of the financial services provider's stock valued at $1,989,000 after purchasing an additional 225 shares during the last quarter. Institutional investors own 31.67% of the company's stock.

Insider Activity

In related 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 shares were acquired at an average cost of $47.12 per share, with a total value of $47,120.00. Following the completion of the purchase, the director now directly owns 17,129 shares in the company, valued at $807,118.48. The trade was a 6.20% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 8.00% of the company's stock.

Peoples Financial Services Price Performance

Shares of PFIS traded down $0.31 during trading hours on Wednesday, reaching $49.36. The stock had a trading volume of 3,492 shares, compared to its average volume of 23,785. 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 Corp. has a 12 month low of $37.55 and a 12 month high of $59.70. The stock has a market capitalization of $493.35 million, a PE ratio of 43.68 and a beta of 0.70. The company's 50-day moving average is $44.18 and its two-hundred day moving average is $48.97.

Peoples Financial Services (NASDAQ:PFIS - Get Free Report) last announced its earnings results on Thursday, May 1st. The financial services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.35 by $0.16. Peoples Financial Services had a return on equity of 8.97% and a net margin of 3.70%. The firm had revenue of $62.43 million for the quarter, compared to the consensus estimate of $44.35 million. Research analysts expect that Peoples Financial Services Corp. will post 5.92 EPS for the current year.

Peoples Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.6175 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.47 dividend on an annualized basis and a dividend yield of 5.00%. Peoples Financial Services's dividend payout ratio (DPR) is currently 115.96%.

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.