Peoples Financial Services Corp. (PFIS) to Distribute Quarterly Dividend of $0.62 on September 15th

Peoples Financial Services Corp. (NASDAQ:PFIS) declared a quarterly dividend on Friday, July 31st. Stockholders of record on Monday, August 31st will be paid a dividend of 0.625 per share by the financial services provider on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, August 31st.

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

Peoples Financial Services Stock Up 0.2%

PFIS opened at $69.63 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.99 and a quick ratio of 0.99. The business has a 50 day simple moving average of $68.83 and a 200-day simple moving average of $60.97. The stock has a market capitalization of $697.00 million, a P/E ratio of 7.89 and a beta of 0.75. Peoples Financial Services has a 12 month low of $43.64 and a 12 month high of $73.37.

Peoples Financial Services (NASDAQ:PFIS) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.16). The business had revenue of $97.74 million during the quarter, compared to analysts’ expectations of $52.35 million. Peoples Financial Services had a net margin of 20.66% and a return on equity of 17.27%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Peoples Financial Services in a research report on Tuesday, June 9th. Hovde Group increased their price target on shares of Peoples Financial Services from $61.00 to $75.00 and gave the company a “market perform” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Peoples Financial Services presently has a consensus rating of “Hold” and a consensus target price of $65.50.

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.