Shares of Peoples Financial Services Corp. (NASDAQ:PFIS – Get Free Report) saw strong trading volume on Monday . 49,514 shares were traded during trading, an increase of 14% from the previous session’s volume of 43,409 shares.The stock last traded at $61.2550 and had previously closed at $60.12.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Hovde Group upped their price target 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. Stephens upped their price target on Peoples Financial Services from $50.00 to $56.00 and gave the company an “equal weight” rating in a report on Wednesday, February 11th. Finally, Weiss Ratings upgraded Peoples Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $58.50.
View Our Latest Analysis on PFIS
Peoples Financial Services Price Performance
Peoples Financial Services (NASDAQ:PFIS – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.43 earnings per share (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 analyst estimates of $49.95 million. Peoples Financial Services had a net margin of 21.29% and a return on equity of 18.06%.
Peoples Financial Services Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, May 29th. Peoples Financial Services’s dividend payout ratio (DPR) is 27.69%.
Institutional Trading of Peoples Financial Services
Several hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in shares of Peoples Financial Services by 44.8% in the 1st 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. increased its holdings 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 purchasing an additional 234 shares during the period. Empowered Funds LLC increased its holdings 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 purchasing an additional 2,679 shares during the period. Jane Street Group LLC acquired a new position in shares of Peoples Financial Services in the 1st quarter valued at about $467,000. Finally, Rhumbline Advisers increased its holdings in shares of Peoples Financial Services by 4.5% in the 2nd quarter. Rhumbline Advisers now owns 13,842 shares of the financial services provider’s stock valued at $683,000 after purchasing an additional 597 shares during the period. 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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