Elisa Z. Ramirez Acquires 500 Shares of Peoples Financial Services Corp. (NASDAQ:PFIS) Stock

Peoples Financial Services Corp. (NASDAQ:PFISGet Rating) Director Elisa Z. Ramirez purchased 500 shares of Peoples Financial Services stock in a transaction on Friday, September 16th. The shares were acquired at an average cost of $49.63 per share, for a total transaction of $24,815.00. Following the completion of the transaction, the director now owns 1,530 shares of the company’s stock, valued at $75,933.90. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Peoples Financial Services Trading Down 1.0 %

Shares of PFIS stock opened at $49.07 on Wednesday. The stock has a market cap of $351.83 million, a price-to-earnings ratio of 7.95 and a beta of 0.16. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.11. Peoples Financial Services Corp. has a fifty-two week low of $43.34 and a fifty-two week high of $59.99. The firm’s 50 day moving average price is $51.72 and its two-hundred day moving average price is $51.24.

Peoples Financial Services (NASDAQ:PFISGet Rating) last announced its quarterly earnings results on Thursday, July 21st. The financial services provider reported $1.30 earnings per share for the quarter. The firm had revenue of $27.59 million for the quarter. Peoples Financial Services had a net margin of 35.79% and a return on equity of 10.73%. On average, analysts anticipate that Peoples Financial Services Corp. will post 5.25 EPS for the current year.

Peoples Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, August 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.26%. This is a positive change from Peoples Financial Services’s previous quarterly dividend of $0.39. Peoples Financial Services’s dividend payout ratio (DPR) is currently 25.93%.

Wall Street Analysts Forecast Growth

Separately, Stephens cut shares of Peoples Financial Services from an “overweight” rating to an “equal weight” rating and set a $56.00 price target on the stock. in a research report on Wednesday, July 27th. They noted that the move was a valuation call.

Institutional Trading of Peoples Financial Services

Hedge funds have recently made changes to their positions in the company. Maltese Capital Management LLC raised its stake in shares of Peoples Financial Services by 5.6% during the fourth quarter. Maltese Capital Management LLC now owns 73,916 shares of the financial services provider’s stock valued at $3,895,000 after purchasing an additional 3,916 shares during the period. Pacific Ridge Capital Partners LLC purchased a new stake in shares of Peoples Financial Services during the first quarter valued at approximately $2,203,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Peoples Financial Services during the fourth quarter valued at approximately $266,000. BHZ Capital Management LP purchased a new stake in shares of Peoples Financial Services during the first quarter valued at approximately $252,000. Finally, Peoples Financial Services CORP. raised its stake in shares of Peoples Financial Services by 2.3% during the second quarter. Peoples Financial Services CORP. now owns 359,598 shares of the financial services provider’s stock valued at $20,080,000 after purchasing an additional 8,234 shares during the period. Hedge funds and other institutional investors own 31.11% of the company’s stock.

About Peoples Financial Services

(Get Rating)

Peoples Financial Services Corp. operates as the bank holding company for Peoples Security Bank and Trust Company that provides various commercial and retail banking services. The company accepts money market, NOW, savings, individual retirement, demand deposit, and certificates of deposit accounts. It also provides residential real estate, automobile, manufactured housing, personal, 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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