Peoples Financial Services Corp. (NASDAQ:PFIS) Shares Purchased by Alliance Wealth Advisors LLC

Alliance Wealth Advisors LLC increased its holdings in shares of Peoples Financial Services Corp. (NASDAQ:PFIS) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,857 shares of the financial services provider’s stock after acquiring an additional 225 shares during the period. Peoples Financial Services makes up approximately 1.1% of Alliance Wealth Advisors LLC’s portfolio, making the stock its 19th biggest holding. Alliance Wealth Advisors LLC owned 0.39% of Peoples Financial Services worth $1,989,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Peoples Financial Services during the 3rd quarter worth approximately $149,000. RBF Capital LLC acquired a new stake in Peoples Financial Services in the 3rd quarter worth about $342,000. Barclays PLC increased its stake in shares of Peoples Financial Services by 304.8% during the 3rd quarter. Barclays PLC now owns 12,270 shares of the financial services provider’s stock valued at $576,000 after acquiring an additional 9,239 shares during the last quarter. Stifel Financial Corp raised its stake in Peoples Financial Services by 60.2% during 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 period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Peoples Financial Services by 377.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,442 shares of the financial services provider’s stock worth $958,000 after purchasing an additional 16,164 shares during the period. Hedge funds and other institutional investors own 31.67% of the company’s stock.

Wall Street Analyst Weigh In

PFIS has been the topic of a number of analyst reports. StockNews.com upgraded shares of Peoples Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Hovde Group raised their price objective on shares of Peoples Financial Services from $48.00 to $53.00 and gave the stock a “market perform” rating in a report on Monday, November 11th. Finally, Stephens raised shares of Peoples Financial Services from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th.

Peoples Financial Services Trading Down 5.1 %

NASDAQ:PFIS opened at $50.97 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32. Peoples Financial Services Corp. has a 1-year low of $36.26 and a 1-year high of $59.70. The firm has a market capitalization of $509.19 million, a price-to-earnings ratio of 45.11 and a beta of 0.56. The stock has a fifty day simple moving average of $51.82 and a 200 day simple moving average of $49.22.

Peoples Financial Services (NASDAQ:PFIS) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $0.99 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.17). Peoples Financial Services had a net margin of 3.70% and a return on equity of 8.97%. Sell-side analysts forecast that Peoples Financial Services Corp. will post 5.92 earnings per share for the current year.

Peoples Financial Services Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.6175 per share. The ex-dividend date is Friday, February 28th. This represents a $2.47 annualized dividend and a yield of 4.85%. Peoples Financial Services’s dividend payout ratio is 218.59%.

Peoples Financial Services 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.