Peoples Financial Services Corp (NASDAQ:PFIS) Declares Dividend Increase – $0.35 Per Share

Peoples Financial Services Corp (NASDAQ:PFIS) announced a quarterly dividend on Friday, October 25th, Zacks reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.35 per share by the financial services provider on Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Wednesday, November 27th. This is an increase from Peoples Financial Services’s previous quarterly dividend of $0.34.

PFIS stock opened at $49.62 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.96 and a quick ratio of 0.96. Peoples Financial Services has a 52-week low of $39.76 and a 52-week high of $49.97. The company has a 50-day moving average of $48.31 and a two-hundred day moving average of $45.35. The stock has a market capitalization of $361.96 million, a price-to-earnings ratio of 13.39 and a beta of 0.26.

Peoples Financial Services (NASDAQ:PFIS) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.97 earnings per share (EPS) for the quarter. Peoples Financial Services had a net margin of 25.40% and a return on equity of 9.41%. The company had revenue of $22.92 million during the quarter.

PFIS has been the subject of several research reports. BidaskClub upgraded shares of Peoples Financial Services from a “sell” rating to a “hold” rating in a research note on Saturday, October 5th. ValuEngine cut shares of Peoples Financial Services from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

In related news, EVP Debra E. Adams sold 2,100 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $49.00, for a total value of $102,900.00. Following the completion of the transaction, the executive vice president now owns 1,227 shares of the company’s stock, valued at $60,123. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.70% 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, 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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Dividend History for Peoples Financial Services (NASDAQ:PFIS)

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