Peoples Financial Services (NASDAQ:PFIS) Announces Quarterly Earnings Results

Peoples Financial Services (NASDAQ:PFIS) posted its quarterly earnings data on Tuesday. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.56, Zacks reports. Peoples Financial Services had a net margin of 10.07% and a return on equity of 5.93%. The firm had revenue of $74.01 million during the quarter.

Peoples Financial Services Price Performance

Shares of NASDAQ PFIS traded up $3.78 during trading hours on Wednesday, hitting $52.18. 27,685 shares of the stock were exchanged, compared to its average volume of 16,584. Peoples Financial Services has a 1-year low of $36.26 and a 1-year high of $52.58. The company has a market cap of $520.55 million, a PE ratio of 21.68 and a beta of 0.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.92 and a current ratio of 0.92. The company’s fifty day simple moving average is $46.60 and its two-hundred day simple moving average is $43.84.

Peoples Financial Services Announces Dividend

The company 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 $0.618 dividend. This represents a $2.47 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Friday, November 29th. Peoples Financial Services’s payout ratio is presently 102.49%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Peoples Financial Services from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th.

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.