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

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

Peoples Financial Services Stock Up 7.8 %

Shares of NASDAQ PFIS traded up $3.78 during mid-day trading on Wednesday, reaching $52.18. 28,229 shares of the company were exchanged, compared to its average volume of 16,586. The firm has a 50-day moving average of $46.60 and a 200 day moving average of $43.84. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.17. Peoples Financial Services has a 1 year low of $36.26 and a 1 year high of $52.58. The stock has a market cap of $520.55 million, a price-to-earnings ratio of 21.68 and a beta of 0.50.

Peoples Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.618 per share. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Friday, November 29th. Peoples Financial Services’s dividend payout ratio (DPR) is currently 102.49%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Peoples Financial Services from a “hold” rating to a “sell” rating in a research report 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.