Peoples Financial Services (NASDAQ:PFIS - Get Free Report) issued its earnings results on Thursday. The financial services provider reported $1.69 EPS for the quarter, beating the consensus estimate of $1.48 by $0.21, Zacks reports. The company had revenue of $48.44 million during the quarter, compared to the consensus estimate of $46.75 million. Peoples Financial Services had a return on equity of 12.32% and a net margin of 11.80%.
Peoples Financial Services Stock Performance
PFIS stock traded up $0.23 during midday trading on Wednesday, reaching $47.72. 8,558 shares of the company's stock traded hands, compared to its average volume of 25,921. The company has a 50-day moving average price of $49.73 and a two-hundred day moving average price of $48.03. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.93 and a current ratio of 0.93. Peoples Financial Services has a 52 week low of $38.90 and a 52 week high of $59.70. The firm has a market capitalization of $477.15 million, a PE ratio of 14.24 and a beta of 0.79.
Peoples Financial Services Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.6175 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.47 dividend on an annualized basis and a yield of 5.2%. Peoples Financial Services's payout ratio is presently 73.73%.
Institutional Investors Weigh In On Peoples Financial Services
A number of hedge funds and other institutional investors have recently bought and sold shares of PFIS. Royal Bank of Canada raised its holdings in Peoples Financial Services by 44.8% during the 1st quarter. Royal Bank of Canada now owns 8,198 shares of the financial services provider's stock valued at $364,000 after acquiring an additional 2,538 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Peoples Financial Services by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,513 shares of the financial services provider's stock valued at $245,000 after purchasing an additional 234 shares in the last quarter. Empowered Funds LLC grew its position in shares of Peoples Financial Services by 7.1% during the 1st quarter. Empowered Funds LLC now owns 40,651 shares of the financial services provider's stock valued at $1,808,000 after purchasing an additional 2,679 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Peoples Financial Services during the 1st quarter valued at $467,000. Institutional investors own 31.67% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded Peoples Financial Services from a "hold" rating to a "buy" rating in a research note on Saturday.
View Our Latest Stock Analysis on PFIS
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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