Peoples Financial Services Corp. (NASDAQ:PFIS) is Peoples Financial Services CORP.’s Largest Position

Peoples Financial Services CORP. decreased its position in Peoples Financial Services Corp. (NASDAQ:PFIS) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 349,291 shares of the financial services provider’s stock after selling 300 shares during the period. Peoples Financial Services accounts for 6.9% of Peoples Financial Services CORP.’s investment portfolio, making the stock its biggest holding. Peoples Financial Services CORP. owned 4.89% of Peoples Financial Services worth $15,295,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PFIS. Raymond James Financial Services Advisors Inc. bought a new position in shares of Peoples Financial Services during the 1st quarter valued at approximately $1,240,000. Geode Capital Management LLC grew its position in shares of Peoples Financial Services by 11.0% during the 1st quarter. Geode Capital Management LLC now owns 138,971 shares of the financial services provider’s stock valued at $6,024,000 after acquiring an additional 13,814 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Peoples Financial Services by 8.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 111,276 shares of the financial services provider’s stock valued at $5,213,000 after acquiring an additional 9,128 shares during the period. Invesco Ltd. bought a new position in shares of Peoples Financial Services during the 1st quarter valued at approximately $357,000. Finally, State Street Corp grew its position in shares of Peoples Financial Services by 4.3% during the 1st quarter. State Street Corp now owns 122,063 shares of the financial services provider’s stock valued at $6,162,000 after acquiring an additional 4,996 shares during the period. Hedge funds and other institutional investors own 31.05% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Peoples Financial Services in a research report on Thursday, August 17th. They set a “hold” rating for the company.

Peoples Financial Services Stock Down 1.6 %

PFIS opened at $44.24 on Friday. The company has a 50 day moving average of $45.39 and a 200 day moving average of $43.28. The company has a market cap of $313.66 million, a PE ratio of 8.83 and a beta of 0.30. Peoples Financial Services Corp. has a 12 month low of $30.60 and a 12 month high of $58.50. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17.

Peoples Financial Services (NASDAQ:PFIS) last released its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $1.31 EPS for the quarter. The company had revenue of $25.65 million during the quarter. Peoples Financial Services had a net margin of 25.14% and a return on equity of 11.77%. On average, sell-side analysts expect that Peoples Financial Services Corp. will post 3.97 EPS for the current year.

Peoples Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend was Wednesday, August 30th. Peoples Financial Services’s dividend payout ratio (DPR) is presently 32.73%.

Peoples Financial Services Profile

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.