Peoples Financial Services (NASDAQ:PFIS) Announces Earnings Results

Peoples Financial Services (NASDAQ:PFIS) posted its earnings results on Tuesday. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.56, Zacks reports. Peoples Financial Services had a net margin of 10.07% and a return on equity of 5.93%. The business had revenue of $74.01 million for the quarter.

Peoples Financial Services Stock Down 7.7 %

PFIS stock opened at $50.48 on Friday. The company has a market cap of $503.79 million, a price-to-earnings ratio of 20.95 and a beta of 0.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.92 and a current ratio of 0.92. The business’s 50-day moving average is $46.80 and its two-hundred day moving average is $43.96. Peoples Financial Services has a fifty-two week low of $36.26 and a fifty-two week high of $55.64.

Peoples Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.618 per share. This represents a $2.47 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date is Friday, November 29th. Peoples Financial Services’s dividend payout ratio (DPR) is presently 102.49%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Peoples Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday.

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.