Peoples Financial Services Corp. (PFIS) to Issue Quarterly Dividend of $0.62 on December 13th

Peoples Financial Services Corp. (NASDAQ:PFIS) declared a quarterly dividend on Friday, October 25th,Zacks Dividends reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.618 per share by the financial services provider on Friday, December 13th. This represents a $2.47 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Friday, November 29th.

Peoples Financial Services has raised its dividend payment by an average of 4.4% per year over the last three years. Peoples Financial Services has a dividend payout ratio of 41.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Peoples Financial Services to earn $5.49 per share next year, which means the company should continue to be able to cover its $2.47 annual dividend with an expected future payout ratio of 45.0%.

Peoples Financial Services Stock Down 3.3 %

Shares of PFIS traded down $1.93 on Wednesday, reaching $56.83. The company’s stock had a trading volume of 69,689 shares, compared to its average volume of 32,779. The firm has a fifty day moving average of $48.81 and a 200-day moving average of $45.41. Peoples Financial Services has a twelve month low of $36.26 and a twelve month high of $59.70. The stock has a market capitalization of $567.73 million, a PE ratio of 55.18 and a beta of 0.50. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32.

Peoples Financial Services (NASDAQ:PFIS) last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.56. Peoples Financial Services had a net margin of 3.00% and a return on equity of 7.73%. The firm had revenue of $74.01 million for the quarter. Equities analysts predict that Peoples Financial Services will post 3.43 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PFIS. StockNews.com raised shares of Peoples Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Hovde Group upped their target price on Peoples Financial Services from $48.00 to $53.00 and gave the company a “market perform” rating in a report on Monday, November 11th.

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.