Peoples Financial Services (NASDAQ:PFIS) Sees Strong Trading Volume - What's Next?

Peoples Financial Services Corp. (NASDAQ:PFIS - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 35,543 shares changed hands during mid-day trading, an increase of 52% from the previous session's volume of 23,427 shares.The stock last traded at $52.79 and had previously closed at $53.40.

Peoples Financial Services Stock Down 3.2%

The business's 50 day moving average is $49.22 and its 200-day moving average is $48.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $512.30 million, a PE ratio of 24.05 and a beta of 0.75.

Peoples Financial Services (NASDAQ:PFIS - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.16. The business had revenue of $62.43 million during the quarter, compared to analysts' expectations of $44.35 million. Peoples Financial Services had a net margin of 7.83% and a return on equity of 10.37%. As a group, analysts predict that Peoples Financial Services Corp. will post 5.92 EPS for the current year.

Peoples Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.6175 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.47 annualized dividend and a dividend yield of 4.82%. Peoples Financial Services's dividend payout ratio is currently 115.96%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in Peoples Financial Services by 67,838.9% in the first quarter. GAMMA Investing LLC now owns 12,229 shares of the financial services provider's stock valued at $544,000 after purchasing an additional 12,211 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Peoples Financial Services by 35.1% during the 4th quarter. Deutsche Bank AG now owns 8,193 shares of the financial services provider's stock worth $419,000 after buying an additional 2,129 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Peoples Financial Services by 35.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,946 shares of the financial services provider's stock valued at $353,000 after buying an additional 2,066 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Peoples Financial Services by 31.0% in the 4th quarter. Bank of America Corp DE now owns 12,276 shares of the financial services provider's stock valued at $628,000 after buying an additional 2,903 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Peoples Financial Services by 32.9% in the 4th quarter. Millennium Management LLC now owns 7,538 shares of the financial services provider's stock valued at $386,000 after buying an additional 1,864 shares during 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.