Peoples Financial Services (NASDAQ:PFIS – Get Free Report) issued its earnings results on Thursday. The financial services provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.16), FiscalAI reports. Peoples Financial Services had a return on equity of 18.06% and a net margin of 21.29%.
Peoples Financial Services Trading Down 0.8%
NASDAQ PFIS traded down $0.59 on Thursday, hitting $71.11. The company’s stock had a trading volume of 33,308 shares, compared to its average volume of 63,143. The company’s 50-day moving average is $64.68 and its 200 day moving average is $58.25. The firm has a market cap of $711.81 million, a PE ratio of 7.87 and a beta of 0.76. Peoples Financial Services has a 1-year low of $43.64 and a 1-year high of $73.37. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.43.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on PFIS. Hovde Group raised their price target on shares of Peoples Financial Services from $59.00 to $61.00 and gave the company a “market perform” rating in a research note 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $58.50.
Institutional Trading of Peoples Financial Services
Several institutional investors have recently modified their holdings of PFIS. Royal Bank of Canada increased its holdings in Peoples Financial Services by 44.8% in the first quarter. Royal Bank of Canada now owns 8,198 shares of the financial services provider’s stock valued at $364,000 after purchasing an additional 2,538 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Peoples Financial Services by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,513 shares of the financial services provider’s stock valued at $245,000 after buying an additional 234 shares during the last quarter. Empowered Funds LLC grew its position in shares of Peoples Financial Services by 7.1% in the 1st quarter. Empowered Funds LLC now owns 40,651 shares of the financial services provider’s stock valued at $1,808,000 after buying an additional 2,679 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Peoples Financial Services in the first quarter valued at about $467,000. Finally, Rhumbline Advisers increased its stake in shares of Peoples Financial Services by 4.5% in the second quarter. Rhumbline Advisers now owns 13,842 shares of the financial services provider’s stock valued at $683,000 after buying an additional 597 shares during the period. Institutional investors own 31.67% of the company’s stock.
Peoples Financial Services Company Profile
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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