Peoples Financial Services (NASDAQ:PFIS) Price Target Raised to $53.00

Peoples Financial Services (NASDAQ:PFIS) had its target price hoisted by Hovde Group from $48.00 to $53.00 in a report published on Monday, MarketBeat.com reports. The brokerage currently has a market perform rating on the financial services provider’s stock.

Separately, StockNews.com upgraded shares of Peoples Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th.

Peoples Financial Services Price Performance

PFIS opened at $52.28 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.92 and a current ratio of 0.92. Peoples Financial Services has a 1-year low of $36.26 and a 1-year high of $55.64. The company has a 50-day moving average of $47.22 and a 200-day moving average of $44.38. The company has a market capitalization of $521.75 million, a P/E ratio of 50.76 and a beta of 0.50.

Peoples Financial Services (NASDAQ:PFIS) last released its earnings results on Tuesday, November 5th. The financial services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.56. Peoples Financial Services had a return on equity of 8.50% and a net margin of 3.00%. The company had revenue of $74.01 million for the quarter. Equities analysts expect that Peoples Financial Services will post 3.43 EPS for the current fiscal year.

Peoples Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.618 dividend. This represents a $2.47 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Friday, November 29th. Peoples Financial Services’s payout ratio is 239.81%.

Institutional Trading of Peoples Financial Services

Large investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in Peoples Financial Services in the 3rd quarter worth about $149,000. BNP Paribas Financial Markets boosted its position in shares of Peoples Financial Services by 87.7% during the first quarter. BNP Paribas Financial Markets now owns 3,400 shares of the financial services provider’s stock worth $147,000 after buying an additional 1,589 shares during the period. Commonwealth Equity Services LLC grew its holdings in Peoples Financial Services by 2.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 8,749 shares of the financial services provider’s stock worth $398,000 after buying an additional 220 shares in the last quarter. Quadrature Capital Ltd increased its position in Peoples Financial Services by 46.7% in the 1st quarter. Quadrature Capital Ltd now owns 10,707 shares of the financial services provider’s stock valued at $460,000 after acquiring an additional 3,409 shares during the period. Finally, Rhumbline Advisers raised its stake in Peoples Financial Services by 14.5% during the 2nd quarter. Rhumbline Advisers now owns 12,450 shares of the financial services provider’s stock valued at $567,000 after acquiring an additional 1,576 shares in the last quarter. Institutional investors and hedge funds own 31.67% of the company’s stock.

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.