StockNews.com Upgrades Peoples Financial Services (NASDAQ:PFIS) to Hold

Peoples Financial Services (NASDAQ:PFIS) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

PFIS has been the subject of a number of other research reports. Hovde Group reduced their target price on Peoples Financial Services from $48.00 to $43.00 and set a “market perform” rating for the company in a research note on Monday, May 6th. Stephens reduced their target price on Peoples Financial Services from $50.00 to $47.00 and set an “equal weight” rating for the company in a research note on Monday, May 13th.

Peoples Financial Services Stock Up 4.9 %

Peoples Financial Services stock opened at $42.18 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $297.79 million, a price-to-earnings ratio of 12.94 and a beta of 0.50. Peoples Financial Services has a 1-year low of $36.26 and a 1-year high of $49.99. The business has a fifty day moving average price of $39.23 and a 200-day moving average price of $41.76.

Peoples Financial Services (NASDAQ:PFIS) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter. The company had revenue of $22.72 million during the quarter. Peoples Financial Services had a return on equity of 7.52% and a net margin of 13.81%. Equities research analysts forecast that Peoples Financial Services will post 3.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Peoples Financial Services

Institutional investors have recently modified their holdings of the stock. Eagle Wealth Strategies LLC acquired a new position in shares of Peoples Financial Services during the 4th quarter worth approximately $1,394,000. Fidelity D & D Bancorp Inc. acquired a new position in shares of Peoples Financial Services during the 3rd quarter worth approximately $333,000. Quadrature Capital Ltd acquired a new position in shares of Peoples Financial Services during the 4th quarter worth approximately $355,000. Vanguard Group Inc. boosted its holdings in shares of Peoples Financial Services by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 322,786 shares of the financial services provider’s stock worth $13,915,000 after purchasing an additional 6,776 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Peoples Financial Services during the 4th quarter worth approximately $281,000. Hedge funds and other institutional investors own 31.67% of the company’s stock.

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.