Debra E. Adams Sells 2,100 Shares of Peoples Financial Services Corp (NASDAQ:PFIS) Stock

Peoples Financial Services Corp (NASDAQ:PFIS) EVP Debra E. Adams sold 2,100 shares of Peoples Financial Services stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $49.00, for a total value of $102,900.00. Following the transaction, the executive vice president now owns 1,227 shares in the company, valued at approximately $60,123. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NASDAQ PFIS opened at $49.11 on Friday. Peoples Financial Services Corp has a 52 week low of $39.76 and a 52 week high of $49.81. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.18. The business’s fifty day simple moving average is $47.16 and its 200-day simple moving average is $44.94. The firm has a market cap of $368.55 million, a PE ratio of 13.61 and a beta of 0.26.

Peoples Financial Services (NASDAQ:PFIS) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.97 EPS for the quarter. Peoples Financial Services had a return on equity of 9.50% and a net margin of 25.40%. The business had revenue of $22.92 million for the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.85%. This is an increase from Peoples Financial Services’s previous quarterly dividend of $0.34. The ex-dividend date is Wednesday, November 27th.

PFIS has been the topic of several analyst reports. BidaskClub upgraded Peoples Financial Services from a “sell” rating to a “hold” rating in a report on Saturday, October 5th. ValuEngine lowered Peoples Financial Services from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

Several large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. acquired a new stake in shares of Peoples Financial Services during the 3rd quarter worth about $248,000. Riggs Asset Managment Co. Inc. increased its position in shares of Peoples Financial Services by 11.8% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 8,035 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 850 shares during the last quarter. California Public Employees Retirement System acquired a new stake in shares of Peoples Financial Services during the 3rd quarter worth about $339,000. Janney Montgomery Scott LLC acquired a new stake in shares of Peoples Financial Services during the 3rd quarter worth about $279,000. Finally, Rhumbline Advisers increased its position in shares of Peoples Financial Services by 9.0% during the 3rd quarter. Rhumbline Advisers now owns 10,824 shares of the financial services provider’s stock worth $490,000 after purchasing an additional 892 shares during the last quarter. 25.26% of the stock is owned by hedge funds and other institutional investors.

About Peoples Financial Services

Peoples Financial Services Corp. operates as the bank holding company for Peoples Security Bank and Trust Company that provides financial services. The company accepts money market, NOW, savings, individual retirement, demand deposit, and certificates of deposit accounts. Its loan products include residential real estate, automobile, manufactured housing, personal, student, and home equity loans; and commercial real estate, working capital, construction, small business administration, and agricultural loans, as well as loans for equipment and other commercial needs, and mineral rights.

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