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

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

Peoples Financial Services Stock Performance

NASDAQ PFIS traded up $3.78 on Wednesday, hitting $52.18. 27,979 shares of the stock traded hands, compared to its average volume of 16,585. The firm has a market capitalization of $520.55 million, a price-to-earnings ratio of 21.68 and a beta of 0.50. The business’s fifty day moving average is $46.60 and its two-hundred day moving average is $43.84. 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 12 month low of $36.26 and a 12 month high of $52.58.

Peoples Financial Services Announces Dividend

The company 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 $0.618 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.47 annualized dividend and a yield of 4.74%. Peoples Financial Services’s payout ratio is 102.49%.

Analyst Ratings Changes

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.