Peoples Financial Services (NASDAQ:PFIS - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.
Separately, Wall Street Zen raised Peoples Financial Services from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $53.00.
Check Out Our Latest Stock Report on Peoples Financial Services
Peoples Financial Services Stock Performance
PFIS stock opened at $47.34 on Wednesday. The stock has a market capitalization of $472.93 million, a PE ratio of 14.13 and a beta of 0.78. Peoples Financial Services has a 12-month low of $38.90 and a 12-month high of $59.70. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.39. The stock's 50 day simple moving average is $50.55 and its 200 day simple moving average is $48.48.
Peoples Financial Services (NASDAQ:PFIS - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.21. The business had revenue of $48.44 million for the quarter, compared to analysts' expectations of $46.75 million. Peoples Financial Services had a return on equity of 12.20% and a net margin of 11.80%. As a group, research analysts forecast that Peoples Financial Services will post 5.92 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Richard S. Lochen, Jr. bought 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were bought at an average cost of $47.67 per share, with a total value of $47,670.00. Following the acquisition, the director owned 18,319 shares in the company, valued at $873,266.73. This trade represents a 5.77% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.00% of the company's stock.
Hedge Funds Weigh In On Peoples Financial Services
Institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in Peoples Financial Services in the 2nd quarter worth $44,000. BNP Paribas Financial Markets increased its stake in Peoples Financial Services by 59.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 969 shares of the financial services provider's stock worth $48,000 after buying an additional 360 shares in the last quarter. State of Tennessee Department of Treasury purchased a new stake in Peoples Financial Services in the 2nd quarter worth $103,000. Shorepoint Capital Partners LLC purchased a new stake in Peoples Financial Services in the 3rd quarter worth $114,000. Finally, Tower Research Capital LLC TRC increased its stake in Peoples Financial Services by 896.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,452 shares of the financial services provider's stock worth $121,000 after buying an additional 2,206 shares in the last quarter. 31.67% of the stock is owned by institutional investors.
About Peoples Financial Services
(
Get Free Report)
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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