Peoples Financial Services (NASDAQ:PFIS) Rating Increased to Hold at BidaskClub

Peoples Financial Services (NASDAQ:PFIS) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday, BidAskClub reports.

Shares of Peoples Financial Services stock traded down $0.08 during trading on Wednesday, reaching $48.25. The company’s stock had a trading volume of 1,845 shares, compared to its average volume of 4,651. The stock has a 50-day moving average price of $44.28. The company has a market capitalization of $349.09 million, a price-to-earnings ratio of 13.11 and a beta of 0.32. Peoples Financial Services has a fifty-two week low of $39.01 and a fifty-two week high of $49.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.94 and a current ratio of 0.94.

Peoples Financial Services (NASDAQ:PFIS) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.96 EPS for the quarter. The business had revenue of $22.88 million for the quarter. Peoples Financial Services had a net margin of 25.63% and a return on equity of 9.56%.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in Peoples Financial Services by 2.6% during the 4th quarter. BlackRock Inc. now owns 361,845 shares of the financial services provider’s stock valued at $15,943,000 after purchasing an additional 9,318 shares in the last quarter. Geode Capital Management LLC increased its stake in Peoples Financial Services by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 69,472 shares of the financial services provider’s stock valued at $3,060,000 after purchasing an additional 4,273 shares in the last quarter. Bank of America Corp DE increased its stake in Peoples Financial Services by 49.9% during the 4th quarter. Bank of America Corp DE now owns 5,147 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 1,714 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Peoples Financial Services by 591.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,856 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 2,443 shares in the last quarter. Finally, Peoples Financial Services CORP. increased its stake in Peoples Financial Services by 2.0% during the 1st quarter. Peoples Financial Services CORP. now owns 323,725 shares of the financial services provider’s stock valued at $14,645,000 after purchasing an additional 6,324 shares in the last quarter. 24.92% of the stock is currently owned by institutional investors and hedge funds.

Peoples Financial Services Company Profile

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.

Read More: Outstanding Shares and The Effect on Share Price

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