Peoples Financial Services (NASDAQ:PFIS - Get Free Report)'s stock had its "hold (c+)" rating reissued by stock analysts at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.
Separately, Wall Street Zen upgraded Peoples Financial Services from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $53.00.
View Our Latest Analysis on Peoples Financial Services
Peoples Financial Services Trading Up 2.4%
Shares of NASDAQ PFIS opened at $48.28 on Friday. The stock's 50 day moving average price is $50.08 and its two-hundred day moving average price is $48.80. Peoples Financial Services has a 52-week low of $38.90 and a 52-week high of $59.70. The stock has a market capitalization of $482.32 million, a P/E ratio of 14.41 and a beta of 0.78. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.39.
Peoples Financial Services (NASDAQ:PFIS - Get Free Report) last announced its quarterly earnings data on Thursday, June 20th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter. Peoples Financial Services had a return on equity of 12.20% and a net margin of 11.80%.The firm had revenue of $23.53 million for the quarter. On average, analysts anticipate that Peoples Financial Services will post 5.92 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director Richard S. Lochen, Jr. bought 1,000 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were purchased at an average cost of $47.67 per share, with a total value of $47,670.00. Following the completion of the transaction, the director directly owned 18,319 shares of the company's stock, valued at approximately $873,266.73. This represents a 5.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 8.00% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Peoples Financial Services
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PFIS. Hotchkis & Wiley Capital Management LLC bought a new position in Peoples Financial Services in the 1st quarter worth approximately $2,641,000. Segall Bryant & Hamill LLC bought a new position in Peoples Financial Services in the 2nd quarter worth approximately $1,993,000. Nuveen LLC bought a new position in Peoples Financial Services in the 1st quarter worth approximately $1,259,000. Cutler Capital Management LLC bought a new position in Peoples Financial Services in the 1st quarter worth approximately $1,243,000. Finally, Geode Capital Management LLC grew its holdings in Peoples Financial Services by 5.7% in the 2nd quarter. Geode Capital Management LLC now owns 231,462 shares of the financial services provider's stock worth $11,430,000 after buying an additional 12,447 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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