Peoples Financial Services CORP. Sells 13,682 Shares of Peoples Financial Services Corp. (NASDAQ:PFIS)

Peoples Financial Services CORP. decreased its holdings in shares of Peoples Financial Services Corp. (NASDAQ:PFIS) by 6.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 210,295 shares of the financial services provider’s stock after selling 13,682 shares during the quarter. Peoples Financial Services makes up about 5.0% of Peoples Financial Services CORP.’s portfolio, making the stock its 2nd largest position. Peoples Financial Services CORP.’s holdings in Peoples Financial Services were worth $10,763,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PFIS. Alliance Wealth Advisors LLC boosted its stake in Peoples Financial Services by 413.0% during the 3rd quarter. Alliance Wealth Advisors LLC now owns 38,632 shares of the financial services provider’s stock valued at $1,811,000 after purchasing an additional 31,102 shares during the period. Geode Capital Management LLC lifted its position in shares of Peoples Financial Services by 14.9% in the 3rd quarter. Geode Capital Management LLC now owns 211,451 shares of the financial services provider’s stock worth $9,914,000 after acquiring an additional 27,463 shares during the period. Empowered Funds LLC lifted its position in shares of Peoples Financial Services by 58.6% in the 3rd quarter. Empowered Funds LLC now owns 45,345 shares of the financial services provider’s stock worth $2,126,000 after acquiring an additional 16,753 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Peoples Financial Services by 377.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,442 shares of the financial services provider’s stock worth $958,000 after acquiring an additional 16,164 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of Peoples Financial Services by 45.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 50,884 shares of the financial services provider’s stock worth $2,385,000 after acquiring an additional 15,802 shares during the period. Institutional investors own 31.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. StockNews.com upgraded Peoples Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Stephens upgraded Peoples Financial Services from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Finally, Hovde Group raised their price objective on Peoples Financial Services from $48.00 to $53.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th.

Peoples Financial Services Price Performance

Peoples Financial Services stock opened at $48.95 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $489.26 million, a PE ratio of 47.52 and a beta of 0.56. Peoples Financial Services Corp. has a one year low of $36.26 and a one year high of $59.70. The business has a 50 day simple moving average of $52.74 and a 200 day simple moving average of $48.50.

Peoples Financial Services (NASDAQ:PFIS) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.08 by $0.56. The business had revenue of $74.01 million during the quarter. Peoples Financial Services had a return on equity of 7.73% and a net margin of 3.00%. On average, sell-side analysts forecast that Peoples Financial Services Corp. will post 4.39 EPS for the current fiscal year.

Peoples Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.618 per share. The ex-dividend date was Friday, November 29th. This represents a $2.47 dividend on an annualized basis and a yield of 5.05%. Peoples Financial Services’s dividend payout ratio is 239.81%.

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.