Peoples Financial Services (NASDAQ:PFIS) Downgraded by BidaskClub

BidaskClub downgraded shares of Peoples Financial Services (NASDAQ:PFIS) from a sell rating to a strong sell rating in a report issued on Tuesday morning, BidAskClub reports.

PFIS opened at $43.91 on Tuesday. Peoples Financial Services has a fifty-two week low of $39.01 and a fifty-two week high of $47.79. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.94 and a quick ratio of 0.94. The business’s fifty day simple moving average is $43.50. The firm has a market capitalization of $321.86 million, a P/E ratio of 12.72 and a beta of 0.32.

Peoples Financial Services (NASDAQ:PFIS) last posted its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.87 earnings per share for the quarter. Peoples Financial Services had a net margin of 25.23% and a return on equity of 9.13%. The firm had revenue of $21.71 million for the quarter.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.34 per share. The ex-dividend date was Thursday, May 30th. This represents a $1.36 dividend on an annualized basis and a yield of 3.10%.

A number of institutional investors and hedge funds have recently bought and sold shares of PFIS. BlackRock Inc. boosted its stake in shares of Peoples Financial Services by 2.6% in 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. Peoples Financial Services CORP. boosted its stake in shares of Peoples Financial Services by 2.0% in 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. Geode Capital Management LLC boosted its stake in shares of Peoples Financial Services by 6.6% in 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. LSV Asset Management boosted its stake in shares of Peoples Financial Services by 144.7% in the 1st 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. Finally, Rhumbline Advisers boosted its stake in shares of Peoples Financial Services by 43.3% in the 4th quarter. Rhumbline Advisers now owns 9,779 shares of the financial services provider’s stock valued at $431,000 after purchasing an additional 2,957 shares in the last quarter. Hedge funds and other institutional investors own 24.92% of the company’s stock.

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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