PNC Financial Services Group Inc. Has $2.39 Million Stock Position in Peoples Financial Services Corp. (NASDAQ:PFIS)

PNC Financial Services Group Inc. boosted its position in Peoples Financial Services Corp. (NASDAQ:PFIS) by 45.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 50,884 shares of the financial services provider’s stock after acquiring an additional 15,802 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Peoples Financial Services were worth $2,385,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Peoples Financial Services during the third quarter valued at about $149,000. Commonwealth Equity Services LLC lifted its position in shares of Peoples Financial Services by 2.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 8,749 shares of the financial services provider’s stock worth $398,000 after purchasing an additional 220 shares during the last quarter. Quadrature Capital Ltd lifted its position in shares of Peoples Financial Services by 46.7% during the 1st quarter. Quadrature Capital Ltd now owns 10,707 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 3,409 shares during the last quarter. Rhumbline Advisers boosted 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 purchasing an additional 1,576 shares during the period. Finally, Alliance Wealth Advisors LLC increased its position in Peoples Financial Services by 413.0% in the 3rd 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. 31.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Hovde Group increased their price objective on Peoples Financial Services from $48.00 to $53.00 and gave the company a “market perform” rating in a research report on Monday, November 11th. StockNews.com raised shares of Peoples Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, November 7th.

Peoples Financial Services Trading Up 4.0 %

Peoples Financial Services stock opened at $58.76 on Tuesday. Peoples Financial Services Corp. has a 12 month low of $36.26 and a 12 month high of $59.45. 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 moving average price of $48.39 and a two-hundred day moving average price of $45.14. 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 (NASDAQ:PFIS) last issued 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 firm had revenue of $74.01 million during the quarter. Peoples Financial Services had a return on equity of 7.73% and a net margin of 3.00%. As a group, equities analysts forecast that Peoples Financial Services Corp. will post 3.43 EPS for the current year.

Peoples Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 annualized dividend and a dividend yield of 4.21%. Peoples Financial Services’s dividend payout ratio (DPR) is currently 239.81%.

Peoples Financial Services 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.