Peoples Financial Services Corp. (NASDAQ:PFIS) Position Decreased by Peoples Financial Services CORP.

Peoples Financial Services CORP. trimmed its position in shares of Peoples Financial Services Corp. (NASDAQ:PFIS) by 1.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 206,823 shares of the financial services provider’s stock after selling 3,472 shares during the period. Peoples Financial Services comprises about 4.4% of Peoples Financial Services CORP.’s portfolio, making the stock its 3rd biggest position. Peoples Financial Services CORP.’s holdings in Peoples Financial Services were worth $9,197,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PFIS. Dimensional Fund Advisors LP boosted its holdings in shares of Peoples Financial Services by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 232,031 shares of the financial services provider’s stock valued at $11,876,000 after acquiring an additional 9,889 shares during the period. Northern Trust Corp lifted its holdings in Peoples Financial Services by 2.0% in the fourth quarter. Northern Trust Corp now owns 82,780 shares of the financial services provider’s stock valued at $4,237,000 after acquiring an additional 1,618 shares during the period. Bank of New York Mellon Corp lifted its holdings in Peoples Financial Services by 20.6% in the fourth quarter. Bank of New York Mellon Corp now owns 52,100 shares of the financial services provider’s stock valued at $2,666,000 after acquiring an additional 8,911 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Peoples Financial Services by 0.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 51,084 shares of the financial services provider’s stock worth $2,614,000 after buying an additional 200 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of Peoples Financial Services during the 4th quarter worth $1,921,000. 31.67% of the stock is currently owned by hedge funds and other institutional investors.

Peoples Financial Services Trading Up 1.0%

NASDAQ:PFIS opened at $52.94 on Thursday. The stock has a fifty day simple moving average of $48.93 and a 200-day simple moving average of $47.99. Peoples Financial Services Corp. has a 52-week low of $38.90 and a 52-week high of $59.70. The company has a market capitalization of $529.40 million, a PE ratio of 24.85 and a beta of 0.75. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.27.

Peoples Financial Services (NASDAQ:PFIS) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.35 by $0.16. The company had revenue of $62.43 million during the quarter, compared to analysts’ expectations of $44.35 million. Peoples Financial Services had a return on equity of 10.37% and a net margin of 7.83%. On average, equities research analysts expect that Peoples Financial Services Corp. will post 5.92 earnings per share for the current fiscal year.

Peoples Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.6175 per share. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date was Friday, May 30th. Peoples Financial Services’s payout ratio is currently 115.96%.

Peoples Financial Services 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.