Peoples Financial Services (NASDAQ:PFIS) Downgraded by Wall Street Zen to "Hold"

Peoples Financial Services (NASDAQ:PFIS - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

Peoples Financial Services Trading Down 3.2%

Shares of Peoples Financial Services stock opened at $51.23 on Friday. The company has a market capitalization of $512.30 million, a P/E ratio of 24.05 and a beta of 0.75. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.93 and a current ratio of 0.93. The company has a fifty day moving average of $49.22 and a 200 day moving average of $48.00. Peoples Financial Services has a fifty-two week low of $38.90 and a fifty-two week high of $59.70.

Peoples Financial Services (NASDAQ:PFIS - Get Free Report) last issued its earnings results on Thursday, May 1st. The financial services provider reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.16. The company had revenue of $62.43 million during the quarter, compared to the consensus estimate of $44.35 million. Peoples Financial Services had a net margin of 7.83% and a return on equity of 10.37%. On average, sell-side analysts anticipate that Peoples Financial Services will post 5.92 earnings per share for the current fiscal year.

Institutional Trading of Peoples Financial Services

Several hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its stake in 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 worth $2,614,000 after purchasing an additional 200 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Peoples Financial Services by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,279 shares of the financial services provider's stock worth $270,000 after purchasing an additional 228 shares in the last quarter. Invesco Ltd. lifted its stake in Peoples Financial Services by 2.4% in the 4th quarter. Invesco Ltd. now owns 10,138 shares of the financial services provider's stock worth $519,000 after purchasing an additional 242 shares in the last quarter. Martingale Asset Management L P lifted its stake in Peoples Financial Services by 11.9% in the 4th quarter. Martingale Asset Management L P now owns 5,373 shares of the financial services provider's stock worth $275,000 after purchasing an additional 570 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Peoples Financial Services by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 26,345 shares of the financial services provider's stock worth $1,348,000 after purchasing an additional 704 shares in the last quarter. Hedge funds and other institutional investors own 31.67% of the company's stock.

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.

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