Peoples Financial Services (NASDAQ:PFIS) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Peoples Financial Services (NASDAQ:PFIS) from a hold rating to a sell rating in a report issued on Wednesday.

Peoples Financial Services Trading Up 1.0 %

PFIS opened at $47.13 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.92 and a current ratio of 0.92. Peoples Financial Services has a one year low of $36.26 and a one year high of $51.00. The company has a market cap of $470.36 million, a P/E ratio of 19.56 and a beta of 0.50. The business’s 50-day simple moving average is $46.56 and its 200-day simple moving average is $43.65.

Peoples Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.618 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.47 annualized dividend and a dividend yield of 5.25%. Peoples Financial Services’s dividend payout ratio is presently 102.49%.

Insider Activity at Peoples Financial Services

In related news, Director Richard S. Lochen, Jr. purchased 1,000 shares of Peoples Financial Services stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $43.90 per share, with a total value of $43,900.00. Following the completion of the transaction, the director now directly owns 15,555 shares in the company, valued at approximately $682,864.50. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Peoples Financial Services by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 322,786 shares of the financial services provider’s stock valued at $13,915,000 after acquiring an additional 6,776 shares during the period. Dimensional Fund Advisors LP increased its stake in Peoples Financial Services by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 191,934 shares of the financial services provider’s stock valued at $8,740,000 after purchasing an additional 9,122 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Peoples Financial Services by 19.9% in the second quarter. Bank of New York Mellon Corp now owns 47,178 shares of the financial services provider’s stock valued at $2,148,000 after buying an additional 7,831 shares during the last quarter. Alliance Wealth Advisors LLC boosted its stake in shares of Peoples Financial Services by 413.0% during the third quarter. Alliance Wealth Advisors LLC now owns 38,632 shares of the financial services provider’s stock worth $1,811,000 after buying an additional 31,102 shares during the period. Finally, Empowered Funds LLC grew its holdings in shares of Peoples Financial Services by 7.8% during the first quarter. Empowered Funds LLC now owns 26,612 shares of the financial services provider’s stock worth $1,147,000 after buying an additional 1,925 shares during the last quarter. Institutional investors and hedge funds own 31.67% of the company’s stock.

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.