StockNews.com cut shares by Peoples Financial Services (NASDAQ: PFIS – Get an Assessment) from a buy rating to a hold rating in a research report released on Monday.
Separately, Stephens began covering Peoples Financial Services in a research note on Monday, March 28. They set an overweight rating and a price target of $57.00 on the stock.
NASDAQ:PFIS shares opened at $50.02 on Monday. The company’s 50-day simple moving average is $49.09 and its 200-day simple moving average is $49.34. The company has a market capitalization of $358.54 million, a price-earnings ratio of 8.27 and a beta of 0.21. The company has a debt ratio of 0.10, a current ratio of 0.87 and a quick ratio of 0.87. Peoples Financial Services has a 12-month low of $41.23 and a 12-month high of $55.00.
Peoples Financial Services (NASDAQ:PFIS – Get Rating) last announced its quarterly results on Tuesday, April 26. The financial services provider reported EPS of $1.33 for the quarter, beating Thomson Reuters consensus estimate of $1.08 by $0.25. Peoples Financial Services achieved a return on equity of 10.30% and a net margin of 36.18%. On average, stock analysts expect Peoples Financial Services to post earnings per share of 4.54 for the current year.
Separately, Director Elisa Z. Ramirez purchased 1,030 shares of Peoples Financial Services in a trade that took place on Tuesday, March 8. The shares were purchased at an average price of $48.62 per share, with a total value of $50,078.60. The transaction was disclosed in a filing with the SEC, accessible via this link. 3.30% of the shares are held by insiders.
Hedge funds have recently been buying and selling stocks. Lazard Asset Management LLC acquired a new stake in Peoples Financial Services in Q4, valued at approximately $36,000. Citigroup Inc. increased its stake in Peoples Financial Services by 139.7% in the third quarter. Citigroup Inc. now owns 803 shares of the financial services provider valued at $37,000 after buying an additional 468 shares last quarter. Emerald Advisers LLC acquired a new stake in Peoples Financial Services in Q4, valued at approximately $61,000. BNP Paribas Arbitrage SA increased its stake in Peoples Financial Services by 100.1% in the third quarter. BNP Paribas Arbitrage SA now owns 1,769 shares of the financial services provider valued at $81,000 after buying an additional 885 shares last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Peoples Financial Services in Q1 worth $86,000. 29.28% of the shares are currently held by hedge funds and other institutional investors.
About Peoples Financial Services (Get an evaluation)
Peoples Financial Services Corp. operates as a bank holding company for Peoples Security Bank and Trust Company which provides various commercial and retail banking services. The company accepts Money Market, NOW, Savings, Individual Retirement, Demand Deposits and Certificates of Deposit Accounts. It also offers residential real estate, auto, prefab, personal, 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 business needs, and mineral rights.
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