Peoples Financial Services (PFIS) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of Peoples Financial Services (NASDAQ:PFIS) from a sell rating to a hold rating in a research note published on Thursday.

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

PFIS traded down $0.78 during trading hours on Thursday, reaching $40.10. 100 shares of the company’s stock traded hands, compared to its average volume of 6,769. Peoples Financial Services has a 52-week low of $40.21 and a 52-week high of $52.00. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.18. The stock has a market cap of $304.10 million, a P/E ratio of 13.70 and a beta of 0.76.

Peoples Financial Services (NASDAQ:PFIS) last posted its quarterly earnings data 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 company had revenue of $21.31 million during the quarter.

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in shares of Peoples Financial Services in the 2nd quarter worth $127,000. Commonwealth Equity Services LLC purchased a new stake in shares of Peoples Financial Services during the 2nd quarter worth $207,000. Janney Montgomery Scott LLC purchased a new stake in shares of Peoples Financial Services during the 2nd quarter worth $335,000. Schwab Charles Investment Management Inc. lifted its stake in shares of Peoples Financial Services by 27.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 33,618 shares of the financial services provider’s stock worth $1,581,000 after purchasing an additional 7,175 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Peoples Financial Services by 8.4% during the 2nd quarter. Renaissance Technologies LLC now owns 38,800 shares of the financial services provider’s stock worth $1,824,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 24.14% of the company’s stock.

About Peoples Financial Services

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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