Northern Trust Corp increased its holdings in shares of Peoples Financial Services Corp (NASDAQ:PFIS) by 5.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 76,000 shares of the financial services provider’s stock after purchasing an additional 3,980 shares during the period. Northern Trust Corp’s holdings in Peoples Financial Services were worth $3,574,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Peoples Financial Services in the 2nd quarter valued at approximately $127,000. Commonwealth Equity Services LLC acquired a new stake in shares of Peoples Financial Services in the 2nd quarter worth $207,000. Janney Montgomery Scott LLC acquired a new stake in shares of Peoples Financial Services in the 2nd quarter worth $335,000. Schwab Charles Investment Management Inc. lifted its stake in shares of 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 worth $1,581,000 after acquiring an additional 7,175 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of 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 worth $1,824,000 after acquiring an additional 3,000 shares during the period. 24.16% of the stock is currently owned by institutional investors.
Shares of PFIS stock opened at $42.63 on Friday. The company has a market cap of $315.42 million, a price-to-earnings ratio of 13.36 and a beta of 0.66. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.94 and a current ratio of 0.94. Peoples Financial Services Corp has a fifty-two week low of $39.01 and a fifty-two week high of $52.00.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.33 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.32 annualized dividend and a yield of 3.10%.
A number of equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Peoples Financial Services from a “sell” rating to a “hold” rating in a report on Friday, November 16th. BidaskClub upgraded shares of Peoples Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, October 18th.
In related news, Director William E. Aubrey II acquired 5,980 shares of Peoples Financial Services stock in a transaction that occurred on Tuesday, November 6th. The stock was acquired at an average price 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 of the company’s stock, valued at approximately $1,230,000. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Thomas P. Tulaney acquired 8,000 shares of Peoples Financial Services stock in a transaction that occurred on Friday, October 26th. The stock was bought at an average cost of $41.00 per share, with a total value of $328,000.00. Following the acquisition, the chief operating officer now directly owns 9,678 shares of the company’s stock, valued at $396,798. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 16,550 shares of company stock valued at $679,532. 7.70% of the stock is owned by insiders.
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Peoples Financial Services 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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