Peoples Financial Services (NASDAQ:PFIS) PT Lowered to $43.00 at Hovde Group

Peoples Financial Services (NASDAQ:PFIS) had its target price reduced by Hovde Group from $48.00 to $43.00 in a research report report published on Monday, Marketbeat reports. They currently have a market perform rating on the financial services provider’s stock.

Peoples Financial Services Price Performance

Shares of NASDAQ PFIS opened at $38.06 on Monday. The firm has a 50-day moving average of $39.43 and a two-hundred day moving average of $42.33. The company has a market capitalization of $268.67 million, a price-to-earnings ratio of 11.67 and a beta of 0.48. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.17. Peoples Financial Services has a twelve month low of $30.60 and a twelve month high of $49.99.

Peoples Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.41 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.64 annualized dividend and a yield of 4.31%. Peoples Financial Services’s dividend payout ratio (DPR) is 50.31%.

Institutional Investors Weigh In On Peoples Financial Services

Several hedge funds have recently modified their holdings of PFIS. BNP Paribas Financial Markets lifted its stake in Peoples Financial Services by 87.7% during the first quarter. BNP Paribas Financial Markets now owns 3,400 shares of the financial services provider’s stock valued at $147,000 after buying an additional 1,589 shares in the last quarter. SG Americas Securities LLC acquired a new position in Peoples Financial Services in the 3rd quarter worth approximately $139,000. Trexquant Investment LP purchased a new position in Peoples Financial Services during the 4th quarter worth approximately $281,000. Quadrature Capital Ltd purchased a new position in shares of Peoples Financial Services during the fourth quarter valued at $355,000. Finally, Commonwealth Equity Services LLC raised its position in Peoples Financial Services by 13.5% during the third quarter. Commonwealth Equity Services LLC now owns 8,031 shares of the financial services provider’s stock valued at $322,000 after buying an additional 956 shares during the period. 31.67% of the stock is owned by hedge funds and other institutional investors.

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.