Peoples Financial Services Corp (PFIS) Director Buys $245,180.00 in Stock

Peoples Financial Services Corp (NASDAQ:PFIS) Director William E. Aubrey II purchased 5,980 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was acquired at an average cost of $41.00 per share, with a total value of $245,180.00. Following the completion of the acquisition, the director now directly owns 30,000 shares in the company, valued at approximately $1,230,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ PFIS opened at $42.07 on Friday. Peoples Financial Services Corp has a twelve month low of $39.01 and a twelve month high of $52.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $316.75 million, a price-to-earnings ratio of 13.42 and a beta of 0.66.

Peoples Financial Services (NASDAQ:PFIS) last issued its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $0.91 earnings per share for the quarter. Peoples Financial Services had a net margin of 22.20% and a return on equity of 8.81%. The company had revenue of $21.21 million during the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, November 29th.

A number of hedge funds and other institutional investors have recently modified their holdings of PFIS. BlackRock Inc. lifted its holdings in Peoples Financial Services by 4.0% in the 2nd quarter. BlackRock Inc. now owns 349,665 shares of the financial services provider’s stock valued at $16,441,000 after acquiring an additional 13,459 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Peoples Financial Services by 10.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 74,265 shares of the financial services provider’s stock valued at $3,491,000 after acquiring an additional 7,284 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings 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 acquiring an additional 7,175 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Peoples Financial Services in the 2nd quarter valued at about $335,000. Finally, Commonwealth Equity Services LLC acquired a new stake in Peoples Financial Services in the 2nd quarter valued at about $207,000. 24.14% of the stock is owned by institutional investors.

A number of brokerages have weighed in on PFIS. BidaskClub raised shares of Peoples Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. ValuEngine downgraded shares of Peoples Financial Services from a “hold” rating to a “sell” rating in a report on Sunday, November 4th.

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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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