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

BidaskClub upgraded shares of Peoples Financial Services (NASDAQ:PFIS) from a sell rating to a hold rating in a research report report published on Thursday.

Separately, ValuEngine lowered Peoples Financial Services from a hold rating to a sell rating in a research report on Thursday, September 27th.

NASDAQ:PFIS traded down $0.78 during mid-day trading on Thursday, hitting $40.10. 100 shares of the company’s stock traded hands, compared to its average volume of 6,769. Peoples Financial Services has a twelve month low of $40.21 and a twelve month high of $52.00. The firm has a market capitalization of $304.10 million, a P/E ratio of 13.70 and a beta of 0.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.93.

Peoples Financial Services (NASDAQ:PFIS) last announced its earnings results on Tuesday, July 24th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter. Peoples Financial Services had a return on equity of 8.31% and a net margin of 21.25%. The company had revenue of $21.31 million for the quarter.

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Peoples Financial Services in the second quarter valued at about $127,000. Commonwealth Equity Services LLC acquired a new position in shares of Peoples Financial Services in the second quarter valued at about $207,000. Janney Montgomery Scott LLC acquired a new position in shares of Peoples Financial Services in the second quarter valued at about $335,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Peoples Financial Services by 27.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 33,618 shares of the financial services provider’s stock valued at $1,581,000 after purchasing an additional 7,175 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Peoples Financial Services by 8.4% in the second quarter. Renaissance Technologies LLC now owns 38,800 shares of the financial services provider’s stock valued at $1,824,000 after purchasing an additional 3,000 shares during the period. 24.14% 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, and demand deposit accounts, as well as certificates of deposit. Its loan products include residential real estate, automobile, manufactured housing, personal, student, home equity, and credit card 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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