Peoples Financial Services (PFIS) Upgraded at BidaskClub

BidaskClub upgraded shares of Peoples Financial Services (NASDAQ:PFIS) from a strong sell rating to a sell rating in a report issued on Saturday.

Separately, ValuEngine downgraded Peoples Financial Services from a hold rating to a sell rating in a report on Thursday, September 27th.

Shares of Peoples Financial Services stock opened at $43.60 on Friday. Peoples Financial Services has a 12-month low of $40.68 and a 12-month high of $52.00. The firm has a market cap of $313.72 million, a P/E ratio of 14.13 and a beta of 0.76. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.18.

Peoples Financial Services (NASDAQ:PFIS) last announced its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter. Peoples Financial Services had a return on equity of 8.31% and a net margin of 21.25%. The business had revenue of $21.31 million during the quarter.

The business also recently declared a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $1.32 annualized dividend and a yield of 3.03%.

A number of institutional investors have recently made changes to their positions in PFIS. SG Americas Securities LLC bought a new stake in Peoples Financial Services during the second quarter worth $127,000. Commonwealth Equity Services LLC bought a new stake in Peoples Financial Services during the second quarter worth $207,000. Janney Montgomery Scott LLC bought a new stake in Peoples Financial Services during the second quarter worth $335,000. Schwab Charles Investment Management Inc. grew its stake in Peoples Financial Services by 27.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 33,618 shares of the financial services provider’s stock valued at $1,581,000 after purchasing an additional 7,175 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Peoples Financial Services by 8.4% in the 2nd quarter. Renaissance Technologies LLC now owns 38,800 shares of the financial services provider’s stock valued at $1,824,000 after purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds own 24.14% of the company’s stock.

Peoples Financial Services Company Profile

Peoples Financial Services Corp. operates as the bank holding company for Peoples Security Bank and Trust Company that provides financial services. The company accepts money market, NOW, savings, individual retirement, and demand deposit accounts, as well as certificates of deposit. Its loan products include residential real estate, automobile, manufactured housing, personal, student, home equity, and credit card loans; and commercial real estate, working capital, construction, small business administration, and agricultural loans, as well as loans for equipment and other commercial needs, and mineral rights.

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