Peoples Financial Services Corp (NASDAQ:PFIS) EVP Debra E. Adams sold 2,100 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $49.00, for a total value of $102,900.00. Following the completion of the transaction, the executive vice president now owns 1,227 shares of the company’s stock, valued at $60,123. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Peoples Financial Services stock traded down $0.70 during trading on Thursday, hitting $49.11. The company’s stock had a trading volume of 7,200 shares, compared to its average volume of 6,053. The stock has a market capitalization of $366.70 million, a price-to-earnings ratio of 13.54 and a beta of 0.26. The stock’s fifty day moving average is $47.00 and its 200 day moving average is $44.90. Peoples Financial Services Corp has a 1-year low of $39.76 and a 1-year high of $49.81. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 0.96.
Peoples Financial Services (NASDAQ:PFIS) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.97 EPS for the quarter. The firm had revenue of $22.92 million during the quarter. Peoples Financial Services had a return on equity of 9.50% and a net margin of 25.40%.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.35 dividend. This is a positive change from Peoples Financial Services’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 2.85%. The ex-dividend date is Wednesday, November 27th.
A number of institutional investors have recently added to or reduced their stakes in PFIS. Russell Investments Group Ltd. purchased a new stake in Peoples Financial Services during the third quarter valued at about $248,000. Riggs Asset Managment Co. Inc. grew its position in Peoples Financial Services by 11.8% during the third quarter. Riggs Asset Managment Co. Inc. now owns 8,035 shares of the financial services provider’s stock valued at $363,000 after acquiring an additional 850 shares during the period. California Public Employees Retirement System purchased a new stake in Peoples Financial Services during the third quarter valued at about $339,000. Janney Montgomery Scott LLC purchased a new stake in Peoples Financial Services during the third quarter valued at about $279,000. Finally, Rhumbline Advisers grew its position in Peoples Financial Services by 9.0% during the third quarter. Rhumbline Advisers now owns 10,824 shares of the financial services provider’s stock valued at $490,000 after acquiring an additional 892 shares during the period. Hedge funds and other institutional investors own 25.26% of the company’s stock.
Several equities analysts recently commented on PFIS shares. ValuEngine lowered Peoples Financial Services from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. BidaskClub upgraded Peoples Financial Services from a “sell” rating to a “hold” rating in a research note on Saturday, October 5th.
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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