Peoples Financial Services Corp. (PFIS) to Issue Quarterly Dividend of $0.63 on March 13th

Peoples Financial Services Corp. (NASDAQ:PFIS) announced a quarterly dividend on Friday, January 30th. Investors of record on Friday, February 27th will be given a dividend of 0.625 per share by the financial services provider on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, February 27th. This is a 1.2% increase from Peoples Financial Services’s previous quarterly dividend of $0.62.

Peoples Financial Services has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 8 consecutive years. Peoples Financial Services has a dividend payout ratio of 39.4% meaning its dividend is sufficiently covered by earnings.

Peoples Financial Services Price Performance

NASDAQ:PFIS traded up $0.36 on Wednesday, reaching $55.15. The stock had a trading volume of 4,757 shares, compared to its average volume of 22,888. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.45. Peoples Financial Services has a 1-year low of $38.90 and a 1-year high of $57.71. The stock has a fifty day moving average price of $51.99 and a 200-day moving average price of $50.33. The company has a market capitalization of $550.95 million, a P/E ratio of 6.09 and a beta of 0.81.

Peoples Financial Services (NASDAQ:PFIS) last announced its quarterly earnings results on Friday, January 30th. The financial services provider reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.16). The business had revenue of $89.23 million for the quarter, compared to analyst estimates of $48.25 million. Peoples Financial Services had a return on equity of 18.84% and a net margin of 21.50%. Research analysts forecast that Peoples Financial Services will post 5.92 EPS for the current year.

Peoples Financial Services Company Profile

Peoples Financial Services Corporation is the bank holding company for PeoplesBank, a community-focused commercial bank headquartered in Holyoke, Massachusetts. Through its wholly owned subsidiary, PeoplesBank, PFIS offers a full suite of banking services to individuals, small businesses, and commercial clients. These services include deposit accounts, consumer and residential mortgage lending, commercial and industrial lending, and treasury management solutions.

Founded in 1842, PeoplesBank has grown organically and through selective acquisitions to become a prominent community bank in Western Massachusetts and Northern Connecticut.