Peoples Financial Services (NASDAQ:PFIS) Releases Quarterly Earnings Results, Beats Estimates By $0.56 EPS

Peoples Financial Services (NASDAQ:PFIS) announced its quarterly earnings data on Tuesday. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.56, Zacks reports. The company had revenue of $74.01 million during the quarter. Peoples Financial Services had a net margin of 10.07% and a return on equity of 5.93%.

Peoples Financial Services Stock Performance

Peoples Financial Services stock traded down $3.55 during mid-day trading on Thursday, reaching $51.16. 5,370 shares of the stock traded hands, compared to its average volume of 16,711. Peoples Financial Services has a 12-month low of $36.26 and a 12-month high of $55.64. The business’s 50-day moving average is $46.75 and its 200-day moving average is $43.92. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $510.58 million, a PE ratio of 22.70 and a beta of 0.50.

Peoples Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.618 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.83%. Peoples Financial Services’s dividend payout ratio (DPR) is currently 102.49%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Peoples Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday.

Peoples Financial Services Company Profile

Peoples Financial Services Corp. operates as the bank holding company for Peoples Security Bank and Trust Company that provides various commercial and retail banking services. The company accepts money market, negotiable order of withdrawal, savings, individual retirement, demand deposit, and certificates of deposit accounts.