Peoples Financial Services (NASDAQ:PFIS) Issues Quarterly Earnings Results

Peoples Financial Services (NASDAQ:PFIS) released its earnings results on Friday. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.19, FiscalAI reports. Peoples Financial Services had a net margin of 20.66% and a return on equity of 17.27%.

Peoples Financial Services Stock Performance

NASDAQ PFIS traded down $1.14 during trading on Friday, reaching $70.32. 53,806 shares of the company’s stock were exchanged, compared to its average volume of 52,865. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.99 and a quick ratio of 0.99. Peoples Financial Services has a fifty-two week low of $43.64 and a fifty-two week high of $73.37. The business has a 50 day moving average price of $69.76 and a 200-day moving average price of $62.01. The stock has a market capitalization of $703.90 million, a P/E ratio of 7.96 and a beta of 0.75.

Peoples Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a $0.6250 dividend. This represents a $2.50 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, November 30th. Peoples Financial Services’s dividend payout ratio (DPR) is 28.31%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PFIS shares. Hovde Group increased their price objective on Peoples Financial Services from $61.00 to $75.00 and gave the company a “market perform” rating in a report on Tuesday, August 4th. Zacks Research raised Peoples Financial Services to a “hold” rating in a report on Thursday, September 24th. Finally, Weiss Ratings reiterated 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $65.50.

About Peoples Financial Services

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

Its offerings include checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer lending, business loans, lines of credit and other treasury-management services.