Bank of New York Mellon Corp increased its holdings in Peoples Financial Services Corp (NASDAQ:PFIS) by 1.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 48,739 shares of the financial services provider’s stock after purchasing an additional 653 shares during the period. Bank of New York Mellon Corp’s holdings in Peoples Financial Services were worth $1,862,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of Peoples Financial Services by 5.3% in the first quarter. Geode Capital Management LLC now owns 88,089 shares of the financial services provider’s stock worth $3,500,000 after purchasing an additional 4,399 shares during the last quarter. Strs Ohio grew its stake in shares of Peoples Financial Services by 8.7% in the second quarter. Strs Ohio now owns 7,500 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 600 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Peoples Financial Services by 27.8% in the first quarter. BNP Paribas Arbitrage SA now owns 2,151 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 468 shares during the last quarter. State Street Corp grew its stake in shares of Peoples Financial Services by 2.9% in the first quarter. State Street Corp now owns 128,737 shares of the financial services provider’s stock worth $5,116,000 after purchasing an additional 3,644 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Peoples Financial Services by 0.9% in the first quarter. BlackRock Inc. now owns 389,390 shares of the financial services provider’s stock worth $15,474,000 after purchasing an additional 3,459 shares during the last quarter. 27.39% of the stock is currently owned by institutional investors.

Separately, BidaskClub raised shares of Peoples Financial Services from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 17th.

Shares of PFIS opened at $33.70 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $245.47 million, a P/E ratio of 9.26 and a beta of 0.22. The firm’s fifty day simple moving average is $36.28 and its two-hundred day simple moving average is $36.21. Peoples Financial Services Corp has a 12 month low of $29.01 and a 12 month high of $53.88.

Peoples Financial Services (NASDAQ:PFIS) last issued its quarterly earnings results on Friday, July 31st. The financial services provider reported $1.03 EPS for the quarter. The business had revenue of $23.93 million for the quarter. Peoples Financial Services had a net margin of 24.52% and a return on equity of 8.81%.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a dividend of $0.36 per share. The ex-dividend date was Friday, August 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.27%.

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.

Further Reading: Dividend Kings

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Institutional Ownership by Quarter for Peoples Financial Services (NASDAQ:PFIS)

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