Peoples Financial Services Corp. (NASDAQ:PFIS) Declares Quarterly Dividend of $0.62

Peoples Financial Services Corp. (NASDAQ:PFIS) declared a quarterly dividend on Friday, January 31st, Wall Street Journal reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.6175 per share by the financial services provider on Friday, March 14th. This represents a $2.47 annualized dividend and a dividend yield of 5.07%. The ex-dividend date of this dividend is Friday, February 28th.

Peoples Financial Services has increased its dividend by an average of 11.1% annually over the last three years. Peoples Financial Services has a dividend payout ratio of 39.5% indicating that its dividend is sufficiently covered by earnings.

Peoples Financial Services Trading Up 1.0 %

PFIS stock opened at $48.74 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32. Peoples Financial Services has a 52-week low of $36.26 and a 52-week high of $59.70. The company’s 50-day simple moving average is $50.81 and its 200-day simple moving average is $49.59. The firm has a market cap of $487.16 million, a P/E ratio of 43.13 and a beta of 0.56.

Peoples Financial Services (NASDAQ:PFIS) last announced its earnings results on Thursday, February 6th. The financial services provider reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.17). Peoples Financial Services had a return on equity of 8.97% and a net margin of 3.70%. As a group, equities analysts forecast that Peoples Financial Services will post 5.92 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on PFIS. Stephens upgraded shares of Peoples Financial Services from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. StockNews.com upgraded Peoples Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Hovde Group increased 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.