Peoples Financial Services Corp. (NASDAQ:PFIS – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $71.84 and last traded at $71.8640, with a volume of 2161 shares traded. The stock had previously closed at $70.25.
Wall Street Analysts Forecast Growth
A number of research firms have commented on PFIS. Hovde Group raised their target price on Peoples Financial Services from $59.00 to $61.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Peoples Financial Services in a research note on Tuesday, June 9th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Peoples Financial Services has an average rating of “Hold” and a consensus target price of $58.50.
View Our Latest Stock Report on PFIS
Peoples Financial Services Price Performance
Peoples Financial Services (NASDAQ:PFIS – Get Free Report) last posted its earnings results on Thursday, April 30th. The financial services provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.11). The firm had revenue of $92.63 million for the quarter, compared to analysts’ expectations of $49.95 million. Peoples Financial Services had a return on equity of 18.06% and a net margin of 21.29%.
Hedge Funds Weigh In On Peoples Financial Services
Several hedge funds have recently bought and sold shares of PFIS. Royal Bank of Canada raised its holdings in shares of Peoples Financial Services by 7.4% in the fourth quarter. Royal Bank of Canada now owns 2,559 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 176 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of Peoples Financial Services by 27.7% during the fourth 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. Alliance Wealth Advisors LLC increased its position in Peoples Financial Services by 0.5% during the 2nd quarter. Alliance Wealth Advisors LLC now owns 44,933 shares of the financial services provider’s stock worth $2,982,000 after purchasing an additional 227 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 purchasing an additional 234 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake 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 purchasing an additional 360 shares during the last quarter. Hedge funds and other 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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