Key Points
- EVP James Chiaro sold 605 shares for $44,322.30, reducing his stake by 16.33% to 3,100 shares.
- Peoples Financial Services reported quarterly EPS of $1.90, beating analyst estimates of $1.71, while revenue of $52.97 million fell short of expectations.
- The company announced a quarterly dividend of $0.625 per share, equivalent to a 3.5% yield; analysts have a consensus Hold rating and a $65.50 target price.
Peoples Financial Services Corp. (NASDAQ:PFIS - Get Free Report) EVP James Chiaro sold 605 shares of the firm's stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $73.26, for a total transaction of $44,322.30. Following the completion of the transaction, the executive vice president owned 3,100 shares in the company, valued at $227,106. The trade was a 16.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Peoples Financial Services Stock Performance
PFIS traded down $0.70 during trading on Friday, hitting $72.24. The stock had a trading volume of 51,861 shares, compared to its average volume of 58,806. The firm has a market cap of $723.12 million, a PE ratio of 11.96 and a beta of 0.77. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.46. Peoples Financial Services Corp. has a 12 month low of $45.95 and a 12 month high of $76.49. The company has a 50 day simple moving average of $70.11 and a 200-day simple moving average of $62.71.
Peoples Financial Services (NASDAQ:PFIS - Get Free Report) last released its quarterly earnings results on Friday, October 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.71 by $0.19. The company had revenue of $52.97 million during the quarter, compared to analysts' expectations of $53.80 million. Peoples Financial Services had a net margin of 20.51% and a return on equity of 11.76%. Analysts expect that Peoples Financial Services Corp. will post 6.37 EPS for the current year.
Peoples Financial Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be given a dividend of $0.6250 per share. This represents a $2.50 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 30th. Peoples Financial Services's payout ratio is currently 41.39%.
Wall Street Analyst Weigh In
A number of research firms have issued reports on PFIS. Hovde Group raised their target price on Peoples Financial Services from $61.00 to $75.00 and gave the company a "market perform" rating in a report on Tuesday, August 4th. Weiss Ratings upgraded Peoples Financial Services from a "buy (b)" rating to a "buy (b+)" rating in a report on Wednesday. Finally, Zacks Research raised Peoples Financial Services to a "hold" rating in a research report on Thursday, September 24th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Peoples Financial Services has a consensus rating of "Hold" and a consensus target price of $65.50.
View Our Latest Stock Report on Peoples Financial Services
Institutional Investors Weigh In On Peoples Financial Services
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Peoples Financial Services during the second quarter valued at about $49,412,000. Dimensional Fund Advisors LP lifted its position in shares of Peoples Financial Services by 5.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 316,621 shares of the financial services provider's stock worth $16,886,000 after acquiring an additional 17,655 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Peoples Financial Services by 466.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 79,954 shares of the financial services provider's stock worth $5,386,000 after acquiring an additional 65,846 shares during the period. Empowered Funds LLC acquired a new stake in shares of Peoples Financial Services during the 2nd quarter worth approximately $3,987,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Peoples Financial Services during the 2nd quarter worth approximately $3,494,000. 31.67% of the stock is owned by institutional investors and hedge funds.
Peoples Financial Services Company Profile
(
Get Free Report)
Peoples Financial Services Corp. is the bank holding company for Peoples Security Bank and Trust Company, a community banking institution headquartered in Scranton, Pennsylvania. The bank provides financial services to individuals, businesses, nonprofit organizations and municipal customers.
Its offerings include checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer lending, business loans, lines of credit and other treasury-management services.
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