Los Angeles Capital Management LLC Decreases Stock Holdings in Peoples Financial Services Corp. (NASDAQ:PFIS)

Los Angeles Capital Management LLC lowered its stake in shares of Peoples Financial Services Corp. (NASDAQ:PFIS) by 10.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,140 shares of the financial services provider’s stock after selling 700 shares during the quarter. Los Angeles Capital Management LLC owned about 0.06% of Peoples Financial Services worth $288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Alliance Wealth Advisors LLC boosted its stake in Peoples Financial Services by 413.0% during the third quarter. Alliance Wealth Advisors LLC now owns 38,632 shares of the financial services provider’s stock worth $1,811,000 after acquiring an additional 31,102 shares in the last quarter. SG Americas Securities LLC bought a new stake in Peoples Financial Services during the third quarter worth about $149,000. Dimensional Fund Advisors LP boosted its stake in Peoples Financial Services by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 191,934 shares of the financial services provider’s stock worth $8,740,000 after acquiring an additional 9,122 shares in the last quarter. Rhumbline Advisers boosted its stake in Peoples Financial Services by 14.5% during the second quarter. Rhumbline Advisers now owns 12,450 shares of the financial services provider’s stock worth $567,000 after acquiring an additional 1,576 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Peoples Financial Services by 2.6% during the second quarter. Commonwealth Equity Services LLC now owns 8,749 shares of the financial services provider’s stock worth $398,000 after acquiring an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 31.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PFIS shares. StockNews.com raised shares of Peoples Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Hovde Group upped their target price on shares of Peoples Financial Services from $48.00 to $53.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th.

Peoples Financial Services Stock Up 0.1 %

Shares of Peoples Financial Services stock opened at $52.37 on Monday. The company has a market cap of $522.44 million, a price-to-earnings ratio of 50.84 and a beta of 0.50. The company’s 50 day moving average is $47.54 and its 200 day moving average is $44.58. Peoples Financial Services Corp. has a twelve month low of $36.26 and a twelve month high of $55.64. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.17.

Peoples Financial Services (NASDAQ:PFIS) last issued its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.56. The company had revenue of $74.01 million for the quarter. Peoples Financial Services had a net margin of 3.00% and a return on equity of 8.50%. Research analysts anticipate that Peoples Financial Services Corp. will post 3.43 EPS for the current year.

Peoples Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.618 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.47 dividend on an annualized basis and a yield of 4.72%. Peoples Financial Services’s dividend payout ratio (DPR) is 239.81%.

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.