ValuEngine Lowers Peoples Financial Services (NASDAQ:PFIS) to Sell

ValuEngine cut shares of Peoples Financial Services (NASDAQ:PFIS) from a hold rating to a sell rating in a report released on Thursday, ValuEngine reports.

Separately, BidaskClub upgraded Peoples Financial Services from a sell rating to a hold rating in a research note on Wednesday.

NASDAQ:PFIS traded down $0.43 during trading hours on Thursday, hitting $47.90. 6,169 shares of the stock were exchanged, compared to its average volume of 6,001. Peoples Financial Services has a 52-week low of $39.01 and a 52-week high of $49.71. The business’s fifty day simple moving average is $44.39. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.13. The firm has a market cap of $357.60 million, a P/E ratio of 13.43 and a beta of 0.30.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.36 annualized dividend and a yield of 2.84%.

A number of large investors have recently bought and sold shares of the business. 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 worth $15,943,000 after buying an additional 9,318 shares in the last quarter. Peoples Financial Services CORP. grew its position in shares of Peoples Financial Services by 2.0% in the first 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. Geode Capital Management LLC grew its position in shares of Peoples Financial Services by 6.6% in the fourth 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. Berkshire Asset Management LLC PA grew its position in shares of Peoples Financial Services by 108.4% in the second quarter. Berkshire Asset Management LLC PA now owns 34,199 shares of the financial services provider’s stock valued at $1,539,000 after purchasing an additional 17,791 shares in the last quarter. Finally, LSV Asset Management grew its position in shares of Peoples Financial Services by 144.7% in the first quarter. LSV Asset Management now owns 14,924 shares of the financial services provider’s stock valued at $675,000 after purchasing an additional 8,824 shares in the last quarter. Institutional investors own 24.92% of the company’s stock.

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.

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