Peoples Financial Services (NASDAQ:PFIS) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Peoples Financial Services Corp. (NASDAQ:PFIS) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $48.30 and traded as low as $48.17. Peoples Financial Services shares last traded at $48.51, with a volume of 16,654 shares.

Wall Street Analyst Weigh In

PFIS has been the subject of several recent analyst reports. StockNews.com raised shares of Peoples Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Hovde Group lifted their price target on shares of Peoples Financial Services from $48.00 to $53.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. Finally, Stephens raised shares of Peoples Financial Services from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th.

Peoples Financial Services Trading Down 0.5 %

The business has a fifty day moving average of $52.68 and a 200-day moving average of $48.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $484.86 million, a P/E ratio of 47.10 and a beta of 0.56.

Peoples Financial Services (NASDAQ:PFIS) last issued its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.56. Peoples Financial Services had a net margin of 3.00% and a return on equity of 7.73%. The firm had revenue of $74.01 million during the quarter. Analysts anticipate that Peoples Financial Services Corp. will post 4.39 earnings per share for the current fiscal year.

Peoples Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.618 dividend. This represents a $2.47 annualized dividend and a dividend yield of 5.10%. The ex-dividend date was Friday, November 29th. Peoples Financial Services’s dividend payout ratio (DPR) is presently 239.81%.

Institutional Investors Weigh In On Peoples Financial Services

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in Peoples Financial Services during the 3rd quarter worth $149,000. RBF Capital LLC bought a new position in shares of Peoples Financial Services during the 3rd quarter worth approximately $342,000. Commonwealth Equity Services LLC lifted its position in shares of Peoples Financial Services by 2.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 8,749 shares of the financial services provider’s stock worth $398,000 after buying an additional 220 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Peoples Financial Services by 14.5% in the second quarter. Rhumbline Advisers now owns 12,450 shares of the financial services provider’s stock valued at $567,000 after acquiring an additional 1,576 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Peoples Financial Services by 304.8% during the third quarter. Barclays PLC now owns 12,270 shares of the financial services provider’s stock valued at $576,000 after acquiring an additional 9,239 shares during the last quarter. Institutional investors own 31.67% of the company’s stock.

Peoples Financial Services Company Profile

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.