Separately, BidaskClub cut shares of Peoples Financial Services from a buy rating to a hold rating in a report on Friday, December 27th.
Shares of PFIS opened at $49.70 on Thursday. 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 fifty-two week low of $39.76 and a fifty-two week high of $53.88. The business’s 50-day moving average is $50.15 and its 200-day moving average is $47.15. The company has a market capitalization of $367.21 million, a price-to-earnings ratio of 13.58 and a beta of 0.28.
Peoples Financial Services (NASDAQ:PFIS) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.97 earnings per share (EPS) for the quarter. The business had revenue of $22.92 million for the quarter. Peoples Financial Services had a net margin of 25.40% and a return on equity of 9.41%.
In other news, EVP Debra E. Adams sold 2,100 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 directly owns 1,227 shares of the company’s stock, valued at approximately $60,123. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 7.70% of the company’s stock.
A number of hedge funds have recently made changes to their positions in PFIS. Bank of Montreal Can acquired a new stake in shares of Peoples Financial Services in the 2nd quarter valued at $26,000. Wells Fargo & Company MN increased its position in shares of Peoples Financial Services by 3.4% during the 2nd quarter. Wells Fargo & Company MN now owns 18,403 shares of the financial services provider’s stock worth $828,000 after purchasing an additional 598 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its holdings in Peoples Financial Services by 11.8% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 8,035 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 850 shares during the last quarter. Rhumbline Advisers lifted its holdings in Peoples Financial Services by 9.0% during the 3rd quarter. Rhumbline Advisers now owns 10,824 shares of the financial services provider’s stock valued at $490,000 after purchasing an additional 892 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Peoples Financial Services by 3.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 40,844 shares of the financial services provider’s stock valued at $1,838,000 after purchasing an additional 1,171 shares in the last quarter. 25.86% of the stock is currently owned by institutional investors and hedge funds.
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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