Peoples Financial Services (NASDAQ:PFIS) Announces Earnings Results

Peoples Financial Services (NASDAQ:PFIS) announced its earnings results on Friday. The financial services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.71 by $0.19, FiscalAI reports. Peoples Financial Services had a net margin of 20.66% and a return on equity of 17.27%.

Peoples Financial Services Trading Down 1.6%

Shares of PFIS stock traded down $1.14 on Friday, hitting $70.32. The stock had a trading volume of 53,806 shares, compared to its average volume of 52,865. The firm has a market capitalization of $703.90 million, a P/E ratio of 7.96 and a beta of 0.75. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.99 and a quick ratio of 0.99. The company’s 50 day moving average price is $69.76 and its 200-day moving average price is $62.01. Peoples Financial Services has a 1 year low of $43.64 and a 1 year high of $73.37.

Peoples Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a dividend of $0.6250 per share. This represents a $2.50 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, November 30th. Peoples Financial Services’s dividend payout ratio (DPR) is 28.31%.

Wall Street Analyst Weigh In

Several analysts recently commented on PFIS shares. Zacks Research raised Peoples Financial Services to a “hold” rating in a report on Thursday, September 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Peoples Financial Services in a report on Friday, September 4th. Finally, Hovde Group raised their target price on Peoples Financial Services from $61.00 to $75.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Peoples Financial Services has a consensus rating of “Hold” and an average price target of $65.50.

About Peoples Financial Services

Peoples Financial Services Corp. is the bank holding company for Peoples Security Bank and Trust Company, a community banking institution headquartered in Scranton, Pennsylvania. The bank provides financial services to individuals, businesses, nonprofit organizations and municipal customers.

Its offerings include checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer lending, business loans, lines of credit and other treasury-management services.