Peoples Financial Services Corp. (NASDAQ:PFIS) Holdings Raised by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its stake in Peoples Financial Services Corp. (NASDAQ:PFIS) by 45.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,884 shares of the financial services provider’s stock after purchasing an additional 15,802 shares during the quarter. PNC Financial Services Group Inc. owned 0.51% of Peoples Financial Services worth $2,385,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Alliance Wealth Advisors LLC boosted its holdings in shares of Peoples Financial Services by 413.0% in the third quarter. Alliance Wealth Advisors LLC now owns 38,632 shares of the financial services provider’s stock worth $1,811,000 after buying an additional 31,102 shares during the period. Empowered Funds LLC raised its stake in Peoples Financial Services by 58.6% during the 3rd quarter. Empowered Funds LLC now owns 45,345 shares of the financial services provider’s stock valued at $2,126,000 after purchasing an additional 16,753 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Peoples Financial Services by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 191,934 shares of the financial services provider’s stock worth $8,740,000 after buying an additional 9,122 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Peoples Financial Services by 19.9% during the second quarter. Bank of New York Mellon Corp now owns 47,178 shares of the financial services provider’s stock valued at $2,148,000 after buying an additional 7,831 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Peoples Financial Services by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 322,786 shares of the financial services provider’s stock worth $13,915,000 after acquiring an additional 6,776 shares in the last quarter. Hedge funds and other institutional investors own 31.67% of the company’s stock.

Peoples Financial Services Trading Up 4.0 %

Shares of NASDAQ PFIS opened at $58.76 on Tuesday. The stock has a market cap of $587.01 million, a price-to-earnings ratio of 54.85 and a beta of 0.50. The business has a 50 day simple moving average of $48.39 and a 200 day simple moving average of $45.14. Peoples Financial Services Corp. has a 52 week low of $36.26 and a 52 week high of $59.45. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.93.

Peoples Financial Services (NASDAQ:PFIS) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.08 by $0.56. The company had revenue of $74.01 million during the quarter. Peoples Financial Services had a net margin of 3.00% and a return on equity of 7.73%. On average, research analysts predict that Peoples Financial Services Corp. will post 3.43 earnings per share 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 issued a dividend of $0.618 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.47 annualized dividend and a yield of 4.21%. Peoples Financial Services’s dividend payout ratio (DPR) is currently 239.81%.

Analyst Upgrades and Downgrades

PFIS has been the subject of a number of research analyst reports. StockNews.com raised shares of Peoples Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Hovde Group lifted their target price on shares of Peoples Financial Services from $48.00 to $53.00 and gave the company a “market perform” rating in a research note on Monday, November 11th.

About Peoples Financial Services

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.