Shares of Peoples Financial Services Corp. (NASDAQ:PFIS – Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $63.40 and traded as high as $68.17. Peoples Financial Services shares last traded at $68.01, with a volume of 81,451 shares changing hands.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on PFIS shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Peoples Financial Services in a research note on Tuesday, June 9th. Hovde Group upped 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 report 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.com, Peoples Financial Services currently has an average rating of “Hold” and an average price target of $58.50.
Read Our Latest Stock Analysis on PFIS
Peoples Financial Services Stock Up 0.5%
Peoples Financial Services (NASDAQ:PFIS – Get Free Report) last posted its quarterly 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). Peoples Financial Services had a return on equity of 18.06% and a net margin of 21.29%.The company had revenue of $92.63 million during the quarter, compared to analyst estimates of $49.95 million.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in PFIS. Alliance Wealth Advisors LLC boosted its holdings in Peoples Financial Services by 0.5% in the second quarter. Alliance Wealth Advisors LLC now owns 44,933 shares of the financial services provider’s stock worth $2,982,000 after acquiring an additional 227 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Peoples Financial Services by 116.0% during the first quarter. Royal Bank of Canada now owns 5,527 shares of the financial services provider’s stock valued at $294,000 after acquiring an additional 2,968 shares in the last quarter. Empowered Funds LLC raised its position in shares of Peoples Financial Services by 9.7% during the first quarter. Empowered Funds LLC now owns 55,811 shares of the financial services provider’s stock worth $2,976,000 after purchasing an additional 4,917 shares during the period. Quantinno Capital Management LP raised its position in shares of Peoples Financial Services by 41.2% during the first quarter. Quantinno Capital Management LP now owns 16,362 shares of the financial services provider’s stock worth $873,000 after purchasing an additional 4,774 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Peoples Financial Services by 5.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 316,621 shares of the financial services provider’s stock worth $16,886,000 after purchasing an additional 17,655 shares in the last quarter. Institutional investors 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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