Peoples Financial Services (NASDAQ:PFIS) Stock Rating Upgraded by Zacks Research

Peoples Financial Services (NASDAQ:PFIS) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research report issued on Thursday, Zacks reports.

Several other equities analysts have also weighed in on the company. Hovde Group lifted their price objective on Peoples Financial Services from $61.00 to $75.00 and gave the company a “market perform” rating in a research note on Tuesday, August 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Peoples Financial Services in a research report on Friday, September 4th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Peoples Financial Services currently has a consensus rating of “Hold” and a consensus price target of $65.50.

Peoples Financial Services Trading Up 0.7%

Shares of PFIS opened at $69.80 on Thursday. Peoples Financial Services has a twelve month low of $43.64 and a twelve month high of $73.37. The firm has a market capitalization of $698.70 million, a P/E ratio of 7.90 and a beta of 0.74. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.46. The stock’s fifty day simple moving average is $70.43 and its 200 day simple moving average is $63.10.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.16). The firm had revenue of $97.74 million for 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%. On average, equities research analysts forecast that Peoples Financial Services will post 6.37 earnings per share for the current year.

Institutional Investors Weigh In On Peoples Financial Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new position in Peoples Financial Services in the 2nd quarter worth $61,000. Ieq Capital LLC acquired a new stake in shares of Peoples Financial Services during the second quarter valued at about $201,000. Van Hulzen Asset Management LLC acquired a new stake in shares of Peoples Financial Services during the second quarter valued at about $215,000. Man Group plc acquired a new stake in shares of Peoples Financial Services during the second quarter valued at about $233,000. Finally, Archer Investment Corp purchased a new stake in shares of Peoples Financial Services during the first quarter worth about $267,000. Hedge funds and other institutional investors own 31.67% of the company’s stock.

Peoples Financial Services Company Profile

Peoples Financial Services Corp. is the bank holding company for Peoples Security Bank and Trust Company, a community banking institution headquartered in Scranton, Pennsylvania. Through its banking subsidiary, the company provides financial services to individuals, families, businesses and nonprofit organizations.

Peoples Security Bank and Trust offers deposit accounts, consumer and residential real estate loans, commercial lending, mortgage products, cash management services and other traditional banking solutions.