Peoples Financial Services (PFIS) to Release Earnings on Thursday

Peoples Financial Services (NASDAQ:PFIS) will likely be posting its results before the market opens on Thursday, February 5th. Analysts expect Peoples Financial Services to post earnings of $1.52 per share and revenue of $48.25 million for the quarter.

Peoples Financial Services (NASDAQ:PFIS) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $4.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $3.19. The business had revenue of $65.88 million for the quarter, compared to the consensus estimate of $49.00 million. Peoples Financial Services had a return on equity of 18.32% and a net margin of 20.17%.

Peoples Financial Services Price Performance

Shares of NASDAQ:PFIS traded up $1.35 during trading on Thursday, reaching $51.27. 20,902 shares of the company traded hands, compared to its average volume of 19,893. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.45. Peoples Financial Services has a 52 week low of $38.90 and a 52 week high of $54.20. The firm has a market capitalization of $512.19 million, a PE ratio of 6.05 and a beta of 0.81. The company’s 50 day moving average is $50.00 and its two-hundred day moving average is $49.60.

Peoples Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were issued a $0.6175 dividend. This represents a $2.47 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Friday, November 28th. Peoples Financial Services’s dividend payout ratio (DPR) is currently 29.16%.

Analyst Ratings Changes

A number of research analysts recently issued reports on PFIS shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Peoples Financial Services in a research note on Thursday, January 22nd. Wall Street Zen cut Peoples Financial Services from a “buy” rating to a “hold” rating in a report on Monday, November 17th. Stephens set a $50.00 price target on Peoples Financial Services and gave the company an “equal weight” rating in a research report on Monday, December 8th. Finally, Hovde Group decreased their target price on shares of Peoples Financial Services from $54.00 to $50.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Peoples Financial Services presently has an average rating of “Hold” and a consensus price target of $50.00.

Hedge Funds Weigh In On Peoples Financial Services

Large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Peoples Financial Services by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,513 shares of the financial services provider’s stock valued at $245,000 after buying an additional 234 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Peoples Financial Services by 59.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 969 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 360 shares in the last quarter. First Trust Advisors LP increased its position in shares of Peoples Financial Services by 6.3% in the second quarter. First Trust Advisors LP now owns 6,397 shares of the financial services provider’s stock worth $316,000 after purchasing an additional 381 shares during the last quarter. Bank of America Corp DE raised its stake in Peoples Financial Services by 7.5% in the third quarter. Bank of America Corp DE now owns 7,885 shares of the financial services provider’s stock valued at $383,000 after purchasing an additional 548 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Peoples Financial Services by 4.5% during the second quarter. Rhumbline Advisers now owns 13,842 shares of the financial services provider’s stock valued at $683,000 after purchasing an additional 597 shares during the last quarter. 31.67% of the stock is currently owned by institutional investors.

Peoples Financial Services Company Profile

Peoples Financial Services Corporation is the bank holding company for PeoplesBank, a community-focused commercial bank headquartered in Holyoke, Massachusetts. Through its wholly owned subsidiary, PeoplesBank, PFIS offers a full suite of banking services to individuals, small businesses, and commercial clients. These services include deposit accounts, consumer and residential mortgage lending, commercial and industrial lending, and treasury management solutions.

Founded in 1842, PeoplesBank has grown organically and through selective acquisitions to become a prominent community bank in Western Massachusetts and Northern Connecticut.