Peoples Financial Services Corp (NASDAQ:PFIS) declared a quarterly dividend on Monday, April 29th, Wall Street Journal reports. Shareholders of record on Friday, May 31st will be paid a dividend of 0.34 per share by the financial services provider on Friday, June 14th. This represents a $1.36 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Thursday, May 30th.
Peoples Financial Services has increased its dividend by an average of 1.8% per year over the last three years and has increased its dividend every year for the last 2 years.
Shares of PFIS opened at $43.81 on Friday. Peoples Financial Services has a one year low of $39.01 and a one year high of $52.00. The company has a market cap of $324.15 million, a price-to-earnings ratio of 12.83 and a beta of 0.36. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.94 and a quick ratio of 0.94.
An institutional investor recently raised its position in Peoples Financial Services stock. Geode Capital Management LLC raised its position in shares of Peoples Financial Services Corp (NASDAQ:PFIS) by 6.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,472 shares of the financial services provider’s stock after purchasing an additional 4,273 shares during the period. Geode Capital Management LLC owned approximately 0.94% of Peoples Financial Services worth $3,060,000 at the end of the most recent reporting period. 24.84% of the stock is currently owned by institutional investors and hedge funds.
Separately, BidaskClub upgraded shares of Peoples Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday, March 16th.
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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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