BidaskClub upgraded shares of Peoples Financial Services (NASDAQ:PFIS) from a sell rating to a hold rating in a report published on Thursday morning, BidAskClub reports.

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

NASDAQ PFIS traded down $0.59 on Thursday, reaching $46.10. 2,894 shares of the company were exchanged, compared to its average volume of 5,894. The business’s fifty day moving average price is $44.91 and its 200 day moving average price is $44.31. The stock has a market capitalization of $334.81 million, a P/E ratio of 12.57 and a beta of 0.29. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.18. Peoples Financial Services has a fifty-two week low of $39.01 and a fifty-two week high of $49.71.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Thursday, August 29th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Martingale Asset Management L P boosted its stake 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. Bank of Montreal Can acquired a new position in Peoples Financial Services during the second quarter worth $26,000. Wells Fargo & Company MN boosted its stake in Peoples Financial Services by 3.4% during the second quarter. Wells Fargo & Company MN now owns 18,403 shares of the financial services provider’s stock worth $828,000 after buying an additional 598 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Peoples Financial Services by 3.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 40,844 shares of the financial services provider’s stock worth $1,838,000 after buying an additional 1,171 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake 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. 25.40% of the stock is currently owned by institutional investors.

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.

See Also: Net Margin

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