Peoples Financial Services Corp. (NASDAQ:PFIS) Plans Quarterly Dividend of $0.62

Peoples Financial Services Corp. (NASDAQ:PFIS) announced a quarterly dividend on Friday, October 25th,Zacks Dividends reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.618 per share by the financial services provider on Friday, December 13th. This represents a $2.47 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Friday, November 29th.

Peoples Financial Services has raised its dividend payment by an average of 4.4% annually over the last three years. Peoples Financial Services has a payout ratio of 41.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Peoples Financial Services to earn $5.49 per share next year, which means the company should continue to be able to cover its $2.47 annual dividend with an expected future payout ratio of 45.0%.

Peoples Financial Services Price Performance

NASDAQ PFIS opened at $56.78 on Thursday. The firm’s 50 day moving average is $48.99 and its 200-day moving average is $45.49. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32. Peoples Financial Services has a 12-month low of $36.26 and a 12-month high of $59.70. The company has a market capitalization of $567.23 million, a PE ratio of 55.13 and a beta of 0.50.

Peoples Financial Services (NASDAQ:PFIS) last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.56. Peoples Financial Services had a return on equity of 7.73% and a net margin of 3.00%. The company had revenue of $74.01 million for the quarter. Equities research analysts anticipate that Peoples Financial Services will post 3.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on PFIS. Hovde Group lifted their price objective on shares of Peoples Financial Services from $48.00 to $53.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th. StockNews.com upgraded Peoples Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th.

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.