Peoples Financial Services (NASDAQ:PFIS) Stock Crosses Below 200-Day Moving Average of $48.19

Peoples Financial Services Corp. (NASDAQ:PFIS – Get Rating) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $48.19 and traded as low as $39.95. Peoples Financial Services shares last traded at $40.07, with a volume of 6,125 shares.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Peoples Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th.

Peoples Financial Services Stock Up 1.2 %

The firm has a market cap of $292.44 million, a PE ratio of 8.18 and a beta of 0.25. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 0.90. The company’s 50-day simple moving average is $40.76 and its two-hundred day simple moving average is $48.03.

Peoples Financial Services (NASDAQ:PFIS – Get Rating) last posted its earnings results on Thursday, April 27th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter. Peoples Financial Services had a return on equity of 11.94% and a net margin of 27.07%. The firm had revenue of $26.72 million for the quarter. On average, analysts predict that Peoples Financial Services Corp. will post 3.79 earnings per share for the current fiscal year.

Peoples Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be paid a dividend of $0.41 per share. The ex-dividend date is Tuesday, May 30th. This represents a $1.64 annualized dividend and a dividend yield of 4.01%. Peoples Financial Services’s dividend payout ratio (DPR) is presently 32.80%.

Insiders Place Their Bets

In related news, insider Thomas P. Tulaney acquired 1,000 shares of the stock in a transaction on Tuesday, May 16th. The stock was acquired at an average cost of $37.45 per share, for a total transaction of $37,450.00. Following the completion of the acquisition, the insider now directly owns 18,040 shares of the company’s stock, valued at approximately $675,598. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director William E. Aubrey II acquired 2,715 shares of the stock in a transaction on Tuesday, May 16th. The stock was acquired at an average price of $38.46 per share, for a total transaction of $104,418.90. Following the completion of the purchase, the director now owns 55,000 shares of the company’s stock, valued at $2,115,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas P. Tulaney purchased 1,000 shares of Peoples Financial Services stock in a transaction dated Tuesday, May 16th. The shares were bought at an average price of $37.45 per share, with a total value of $37,450.00. Following the completion of the acquisition, the insider now directly owns 18,040 shares of the company’s stock, valued at $675,598. The disclosure for this purchase can be found here. Insiders purchased 3,815 shares of company stock worth $145,875 over the last three months. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Peoples Financial Services by 7.7% in the first quarter. JPMorgan Chase & Co. now owns 5,746 shares of the financial services provider’s stock worth $249,000 after buying an additional 412 shares in the last quarter. State Street Corp increased its holdings in Peoples Financial Services by 1.5% in the 1st quarter. State Street Corp now owns 132,700 shares of the financial services provider’s stock worth $5,753,000 after buying an additional 1,926 shares in the last quarter. Geode Capital Management LLC increased its holdings in Peoples Financial Services by 11.0% in the 1st quarter. Geode Capital Management LLC now owns 138,971 shares of the financial services provider’s stock worth $6,024,000 after buying an additional 13,814 shares in the last quarter. Deutsche Bank AG increased its holdings in Peoples Financial Services by 28.0% in the 1st quarter. Deutsche Bank AG now owns 4,195 shares of the financial services provider’s stock worth $182,000 after buying an additional 918 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC increased its holdings in Peoples Financial Services by 490.2% in the 1st quarter. BNP Paribas Arbitrage SNC now owns 5,920 shares of the financial services provider’s stock worth $257,000 after buying an additional 4,917 shares in the last quarter. Institutional investors own 30.21% of the company’s stock.

Peoples Financial Services Company Profile

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Peoples Financial Services Corp. is a bank holding company, which engages in the provision of financial services through its wholly-owned subsidiary, Peoples Security Bank and Trust Company. Its loan portfolio includes commercial and retail. The company was founded on February 6, 1986 and is headquartered in Scranton, PA.