Peoples Financial Services (NASDAQ:PFIS) Raised to Sell at BidaskClub

Peoples Financial Services (NASDAQ:PFIS) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday, BidAskClub reports.

Peoples Financial Services stock opened at $44.99 on Friday. The business’s 50 day moving average price is $43.52. Peoples Financial Services has a fifty-two week low of $39.01 and a fifty-two week high of $47.79. The company has a market cap of $332.89 million, a price-to-earnings ratio of 13.15 and a beta of 0.32. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.13.

Peoples Financial Services (NASDAQ:PFIS) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.87 earnings per share for the quarter. Peoples Financial Services had a net margin of 25.23% and a return on equity of 9.13%. The business had revenue of $21.71 million for the quarter.

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in Peoples Financial Services by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 69,472 shares of the financial services provider’s stock worth $3,060,000 after acquiring an additional 4,273 shares during the last quarter. BlackRock Inc. boosted its stake in Peoples Financial Services by 2.6% during the 4th quarter. BlackRock Inc. now owns 361,845 shares of the financial services provider’s stock worth $15,943,000 after acquiring an additional 9,318 shares during the last quarter. Rhumbline Advisers boosted its stake in Peoples Financial Services by 43.3% during the 4th quarter. Rhumbline Advisers now owns 9,779 shares of the financial services provider’s stock worth $431,000 after acquiring an additional 2,957 shares during the last quarter. Peoples Financial Services CORP. boosted its stake in Peoples Financial Services by 2.0% during the 1st quarter. Peoples Financial Services CORP. now owns 323,725 shares of the financial services provider’s stock worth $14,645,000 after acquiring an additional 6,324 shares during the last quarter. Finally, LSV Asset Management boosted its stake in Peoples Financial Services by 144.7% during the 1st quarter. LSV Asset Management now owns 14,924 shares of the financial services provider’s stock worth $675,000 after acquiring an additional 8,824 shares during the last quarter. 24.92% of the stock is currently owned by institutional investors and hedge funds.

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, demand deposit, and certificates of deposit accounts. Its loan products include residential real estate, automobile, manufactured housing, personal, student, and home equity 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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