Key Points
- Director James Nicholas sold 3,984 Peoples Financial Services shares at an average price of $72.07, for total proceeds of about $287,127; the transaction was disclosed in an SEC filing.
- The company reported quarterly earnings of $1.90 per share, beating the $1.71 analyst consensus, while revenue of $52.97 million fell short of expectations.
- Peoples Financial Services announced a quarterly dividend of $0.625 per share, equivalent to $2.50 annually and a 3.4% yield. Analysts’ consensus rating is “Hold,” with a $65.50 price target.
Peoples Financial Services Corp. (NASDAQ:PFIS - Get Free Report) Director James Nicholas sold 3,984 shares of the firm's stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $72.07, for a total value of $287,126.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Peoples Financial Services Trading Down 0.8%
PFIS opened at $72.58 on Wednesday. The firm has a market cap of $726.53 million, a price-to-earnings ratio of 12.02 and a beta of 0.77. Peoples Financial Services Corp. has a 52 week low of $46.07 and a 52 week high of $76.49. The business's 50 day moving average is $70.26 and its two-hundred day moving average is $62.91. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.48.
Peoples Financial Services (NASDAQ:PFIS - Get Free Report) last issued its quarterly earnings data on Friday, October 30th. The financial services provider reported $1.90 earnings per share 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 return on equity of 11.75% and a net margin of 20.51%. On average, research analysts predict that Peoples Financial Services Corp. will post 6.37 EPS for the current year.
Peoples Financial Services Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a $0.6250 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, November 30th. Peoples Financial Services's payout ratio is presently 41.39%.
Institutional Trading of Peoples Financial Services
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Peoples Financial Services during the 2nd quarter worth approximately $49,412,000. Commonwealth Equity Services LLC increased its holdings in shares of Peoples Financial Services by 466.7% in the third quarter. Commonwealth Equity Services LLC now owns 79,954 shares of the financial services provider's stock valued at $5,386,000 after purchasing an additional 65,846 shares during the period. Empowered Funds LLC acquired a new position in shares of Peoples Financial Services in the second quarter valued at approximately $3,987,000. Bank of New York Mellon Corp acquired a new position in shares of Peoples Financial Services in the second quarter valued at approximately $3,494,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Peoples Financial Services by 5.9% during the first quarter. Dimensional Fund Advisors LP now owns 316,621 shares of the financial services provider's stock worth $16,886,000 after purchasing an additional 17,655 shares during the last quarter. 31.67% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. Hovde Group upped their price target on shares of Peoples Financial Services from $61.00 to $75.00 and gave the company a "market perform" rating in a research report on Tuesday, August 4th. Zacks Research raised shares of Peoples Financial Services to a "hold" rating in a research report on Thursday, September 24th. Finally, Weiss Ratings raised shares of Peoples Financial Services from a "buy (b)" rating to a "buy (b+)" rating in a research report on Wednesday, November 4th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $65.50.
Check Out Our Latest Stock Report on Peoples Financial Services
About Peoples Financial Services
(
Get Free Report)
Peoples Financial Services Corp. is a bank holding company whose principal subsidiary, Peoples Security Bank and Trust Company, provides community banking services. The company serves individuals, businesses, and nonprofit organizations, with a presence across northeastern and central Pennsylvania. Its services include checking and savings accounts, certificates of deposit, residential mortgages, consumer loans, and commercial lending. Customers can also access online and mobile banking and business cash-management services.
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