Zacks Research upgraded shares of Peoples Financial Services (NASDAQ:PFIS – Free Report) to a hold rating in a report released on Thursday morning,Zacks reports.
PFIS has been the topic of several other research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Peoples Financial Services in a research report on Friday, September 4th. Hovde Group raised their price objective on shares of Peoples Financial Services from $61.00 to $75.00 and gave the company a “market perform” rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $65.50.
View Our Latest Research Report on PFIS
Peoples Financial Services Price Performance
Peoples Financial Services (NASDAQ:PFIS – Get Free Report) last announced its earnings results on Thursday, July 30th. The financial services provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.16). Peoples Financial Services had a return on equity of 17.27% and a net margin of 20.66%.The business had revenue of $97.74 million for the quarter, compared to the consensus estimate of $52.35 million. Equities research analysts forecast that Peoples Financial Services will post 6.37 earnings per share for the current fiscal year.
Peoples Financial Services Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a dividend of $0.6250 per share. The ex-dividend date was Monday, August 31st. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.6%. Peoples Financial Services’s payout ratio is presently 28.31%.
Hedge Funds Weigh In On Peoples Financial Services
Several large investors have recently made changes to their positions 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 valued at $2,982,000 after acquiring an additional 227 shares during the last quarter. Legal & General Group Plc bought a new stake in Peoples Financial Services during the 2nd quarter worth about $61,000. Royal Bank of Canada lifted its position in Peoples Financial Services by 116.0% during the 1st quarter. Royal Bank of Canada now owns 5,527 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 2,968 shares during the period. Ieq Capital LLC acquired a new position in Peoples Financial Services during the 2nd quarter valued at about $201,000. Finally, Van Hulzen Asset Management LLC bought a new position in shares of Peoples Financial Services in the 2nd quarter valued at about $215,000. Institutional investors and hedge funds own 31.67% of the company’s stock.
About Peoples Financial Services
Peoples Financial Services Corp. is the bank holding company for Peoples Security Bank and Trust Company, a community banking institution headquartered in Scranton, Pennsylvania. Through its banking subsidiary, the company provides financial services to individuals, families, businesses and nonprofit organizations.
Peoples Security Bank and Trust offers deposit accounts, consumer and residential real estate loans, commercial lending, mortgage products, cash management services and other traditional banking solutions.
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