Peoples Financial Services (NASDAQ:PFIS) Announces Quarterly Earnings Results, Beats Estimates By $0.19 EPS

Peoples Financial Services (NASDAQ:PFIS) released its earnings results on Friday. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.19, FiscalAI reports. The business had revenue of $52.97 million for the quarter, compared to analyst estimates of $53.80 million. Peoples Financial Services had a net margin of 20.66% and a return on equity of 17.27%.

Peoples Financial Services Trading Down 1.6%

PFIS opened at $70.32 on Friday. Peoples Financial Services has a 1-year low of $43.64 and a 1-year high of $73.37. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.46. The company has a market cap of $703.90 million, a P/E ratio of 7.96 and a beta of 0.75. The company has a fifty day moving average price of $69.76 and a two-hundred day moving average price of $62.12.

Peoples Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders 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 yield of 3.6%. The ex-dividend date is Monday, November 30th. Peoples Financial Services’s dividend payout ratio (DPR) is presently 28.31%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PFIS shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Peoples Financial Services in a report on Friday, September 4th. Zacks Research raised Peoples Financial Services to a “hold” rating in a research note on Thursday, September 24th. Finally, Hovde Group upped their target price on 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. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $65.50.

Peoples Financial Services Company Profile

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.