Barclays PLC Has $576,000 Position in Peoples Financial Services Corp. (NASDAQ:PFIS)

Barclays PLC raised its position in Peoples Financial Services Corp. (NASDAQ:PFIS) by 304.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 12,270 shares of the financial services provider’s stock after buying an additional 9,239 shares during the period. Barclays PLC’s holdings in Peoples Financial Services were worth $576,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PFIS. Commonwealth Equity Services LLC raised its holdings in Peoples Financial Services by 2.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 8,749 shares of the financial services provider’s stock valued at $398,000 after buying an additional 220 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Peoples Financial Services by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 25,641 shares of the financial services provider’s stock valued at $1,202,000 after acquiring an additional 1,225 shares during the period. Rhumbline Advisers raised its stake in shares of Peoples Financial Services by 14.5% during 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 during the last quarter. SG Americas Securities LLC acquired a new position in shares of Peoples Financial Services during the third quarter worth $149,000. Finally, Stifel Financial Corp grew its stake in shares of Peoples Financial Services by 60.2% in the third quarter. Stifel Financial Corp now owns 12,308 shares of the financial services provider’s stock worth $577,000 after purchasing an additional 4,627 shares during the last quarter. 31.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. StockNews.com raised Peoples Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Hovde Group lifted their price objective on Peoples Financial Services from $48.00 to $53.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Finally, Stephens raised shares of Peoples Financial Services from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th.

Peoples Financial Services Stock Performance

Shares of Peoples Financial Services stock opened at $49.97 on Friday. The business has a 50-day moving average price of $52.64 and a two-hundred day moving average price of $48.52. Peoples Financial Services Corp. has a 1-year low of $36.26 and a 1-year high of $59.70. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. The company has a market cap of $499.45 million, a P/E ratio of 48.52 and a beta of 0.56.

Peoples Financial Services (NASDAQ:PFIS) last released its earnings results on Tuesday, November 5th. The financial services provider reported $1.64 EPS for the quarter, topping the consensus estimate 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 business had revenue of $74.01 million during the quarter. As a group, analysts anticipate that Peoples Financial Services Corp. will post 4.39 EPS for the current year.

Peoples Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.618 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.47 annualized dividend and a dividend yield of 4.95%. Peoples Financial Services’s dividend payout ratio is currently 239.81%.

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.