Peoples Financial Services (NASDAQ:PFIS) Shares Pass Below 200 Day Moving Average – Here’s Why

Peoples Financial Services Corp. (NASDAQ:PFIS)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $48.30 and traded as low as $48.17. Peoples Financial Services shares last traded at $48.51, with a volume of 16,654 shares.

Wall Street Analysts Forecast Growth

PFIS has been the topic of several recent research reports. Hovde Group boosted their price objective on shares of Peoples Financial Services from $48.00 to $53.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. StockNews.com upgraded Peoples Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Stephens upgraded Peoples Financial Services from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th.

Peoples Financial Services Trading Down 0.5 %

The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32. The stock has a market cap of $484.86 million, a PE ratio of 47.10 and a beta of 0.56. The business’s fifty day moving average is $52.68 and its 200 day moving average is $48.30.

Peoples Financial Services (NASDAQ:PFIS) last released its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.56. The business had revenue of $74.01 million for the quarter. Peoples Financial Services had a return on equity of 7.73% and a net margin of 3.00%. As a group, analysts predict that Peoples Financial Services Corp. will post 4.39 earnings per share for the current year.

Peoples Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $0.618 per share. This represents a $2.47 annualized dividend and a dividend yield of 5.10%. The ex-dividend date was Friday, November 29th. Peoples Financial Services’s dividend payout ratio (DPR) is presently 239.81%.

Hedge Funds Weigh In On Peoples Financial Services

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in shares of Peoples Financial Services in the third quarter valued at approximately $149,000. RBF Capital LLC purchased a new position in Peoples Financial Services during the third quarter worth $342,000. Commonwealth Equity Services LLC raised its holdings in shares of Peoples Financial Services by 2.6% in 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 during the last quarter. Rhumbline Advisers lifted its position in shares of Peoples Financial Services by 14.5% in the second quarter. Rhumbline Advisers now owns 12,450 shares of the financial services provider’s stock valued at $567,000 after acquiring an additional 1,576 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Peoples Financial Services by 304.8% during the third quarter. Barclays PLC now owns 12,270 shares of the financial services provider’s stock valued at $576,000 after acquiring an additional 9,239 shares during the last quarter. 31.67% of the stock is currently owned by hedge funds and other institutional investors.

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.