Peoples Financial Services Corp. (NASDAQ:PFIS – Get Free Report) saw unusually-high trading volume on Monday . Approximately 31,518 shares traded hands during mid-day trading, a decline of 29% from the previous session’s volume of 44,205 shares.The stock last traded at $63.3370 and had previously closed at $63.52.
Analyst Ratings Changes
PFIS has been the topic of several recent research reports. Hovde Group boosted their price objective on shares of Peoples Financial Services from $59.00 to $61.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Peoples Financial Services in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $58.50.
Get Our Latest Stock Report on PFIS
Peoples Financial Services Price Performance
Peoples Financial Services (NASDAQ:PFIS – Get Free Report) last announced its earnings results on Thursday, April 30th. The financial services provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.11). Peoples Financial Services had a net margin of 21.29% and a return on equity of 18.06%. The firm had revenue of $92.63 million during the quarter, compared to analyst estimates of $49.95 million.
Peoples Financial Services Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.625 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.50 annualized dividend and a yield of 4.0%. Peoples Financial Services’s payout ratio is presently 27.69%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in Peoples Financial Services in the 3rd quarter valued at $37,000. Jones Financial Companies Lllp raised its holdings in Peoples Financial Services by 1,338.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 863 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 803 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Peoples Financial Services in the 2nd quarter valued at $44,000. CANADA LIFE ASSURANCE Co raised its holdings in Peoples Financial Services by 27.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 941 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 204 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Peoples Financial Services by 59.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 969 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 360 shares during the last quarter. Institutional investors and hedge funds own 31.67% of the company’s stock.
About Peoples Financial Services
Peoples Financial Services Corporation is the bank holding company for PeoplesBank, a community-focused commercial bank headquartered in Holyoke, Massachusetts. Through its wholly owned subsidiary, PeoplesBank, PFIS offers a full suite of banking services to individuals, small businesses, and commercial clients. These services include deposit accounts, consumer and residential mortgage lending, commercial and industrial lending, and treasury management solutions.
Founded in 1842, PeoplesBank has grown organically and through selective acquisitions to become a prominent community bank in Western Massachusetts and Northern Connecticut.
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