Peoples Financial Services Corp. (NASDAQ:PFIS – Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $63.56 and last traded at $62.91, with a volume of 53583 shares trading hands. The stock had previously closed at $61.85.
Wall Street Analysts Forecast Growth
PFIS has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Peoples Financial Services in a research note on Tuesday. Hovde Group upped their price target on Peoples Financial Services from $59.00 to $61.00 and gave the stock a “market perform” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Peoples Financial Services currently has a consensus rating of “Hold” and an average target price of $58.50.
View Our Latest Research Report on Peoples Financial Services
Peoples Financial Services Stock Performance
Peoples Financial Services (NASDAQ:PFIS – Get Free Report) last issued its quarterly 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). The firm had revenue of $92.63 million during 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%.
Peoples Financial Services Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, May 29th. Peoples Financial Services’s payout ratio is 27.69%.
Institutional Investors Weigh In On Peoples Financial Services
Several hedge funds have recently added to or reduced their stakes in PFIS. First Trust Advisors LP boosted its holdings in Peoples Financial Services by 429.7% in the third quarter. First Trust Advisors LP now owns 33,886 shares of the financial services provider’s stock worth $1,647,000 after acquiring an additional 27,489 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Peoples Financial Services by 5.9% in the first quarter. Dimensional Fund Advisors LP now owns 316,621 shares of the financial services provider’s stock worth $16,886,000 after acquiring an additional 17,655 shares in the last quarter. Jane Street Group LLC bought a new stake in Peoples Financial Services in the first quarter worth $467,000. Alliance Wealth Advisors LLC boosted its holdings in Peoples Financial Services by 19.0% in the fourth quarter. Alliance Wealth Advisors LLC now owns 44,797 shares of the financial services provider’s stock worth $2,182,000 after acquiring an additional 7,159 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in Peoples Financial Services by 48.2% in the third quarter. Qube Research & Technologies Ltd now owns 21,132 shares of the financial services provider’s stock worth $1,027,000 after acquiring an additional 6,873 shares in the last quarter. 31.67% of the stock is owned by institutional investors.
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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