Peoples Financial Services (NASDAQ:PFIS) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday, BidAskClub reports.

Separately, ValuEngine lowered Peoples Financial Services from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

PFIS stock traded up $0.16 on Thursday, reaching $46.06. The company’s stock had a trading volume of 26 shares, compared to its average volume of 9,248. Peoples Financial Services has a 52 week low of $39.01 and a 52 week high of $49.71. The company has a market capitalization of $339.03 million, a P/E ratio of 12.73 and a beta of 0.29. The firm has a fifty day moving average of $44.95 and a two-hundred day moving average of $44.36. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.96 and a quick ratio of 0.96.

Peoples Financial Services (NASDAQ:PFIS) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.96 earnings per share (EPS) for the quarter. Peoples Financial Services had a return on equity of 9.45% and a net margin of 25.63%. The business had revenue of $22.88 million during the quarter.

Several large investors have recently made changes to their positions in PFIS. Bank of America Corp DE lifted its position in shares of Peoples Financial Services by 49.9% during the 4th quarter. Bank of America Corp DE now owns 5,147 shares of the financial services provider’s stock valued at $227,000 after acquiring an additional 1,714 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Peoples Financial Services by 530.1% during the first quarter. BNP Paribas Arbitrage SA now owns 1,443 shares of the financial services provider’s stock worth $65,000 after buying an additional 1,214 shares during the last quarter. SG Americas Securities LLC acquired a new position in Peoples Financial Services during the first quarter worth $155,000. LSV Asset Management increased its position in Peoples Financial Services by 144.7% during the first quarter. LSV Asset Management now owns 14,924 shares of the financial services provider’s stock worth $675,000 after buying an additional 8,824 shares during the last quarter. Finally, Martingale Asset Management L P increased its position in Peoples Financial Services by 5.1% during the first quarter. Martingale Asset Management L P now owns 8,303 shares of the financial services provider’s stock worth $376,000 after buying an additional 400 shares during the last quarter. Institutional investors own 25.40% of the company’s stock.

Peoples Financial Services Company Profile

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.

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