Peoples Financial Services Corp. (PFIS) to Issue Quarterly Dividend of $0.63 on June 15th

Peoples Financial Services Corp. (NASDAQ:PFIS) declared a quarterly dividend on Friday, April 24th. Investors of record on Friday, May 29th will be given a dividend of 0.625 per share by the financial services provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Friday, May 29th.

Peoples Financial Services has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 8 years. Peoples Financial Services has a dividend payout ratio of 39.4% indicating that its dividend is sufficiently covered by earnings.

Peoples Financial Services Price Performance

PFIS stock opened at $60.10 on Wednesday. Peoples Financial Services has a 1 year low of $43.64 and a 1 year high of $60.41. The company has a market cap of $601.60 million, a P/E ratio of 6.66 and a beta of 0.77. The firm has a 50-day moving average of $56.26 and a 200 day moving average of $53.02. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.98 and a quick ratio of 0.97.

Peoples Financial Services (NASDAQ:PFIS) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.11). Peoples Financial Services had a return on equity of 18.06% and a net margin of 21.29%.The company had revenue of $92.63 million during the quarter, compared to the consensus estimate of $49.95 million.

Peoples Financial Services Company Profile

Peoples Financial Services Corporation is the bank holding company for PeoplesBank, a community-focused commercial bank headquartered in Holyoke, Massachusetts. Through its wholly owned subsidiary, PeoplesBank, PFIS offers a full suite of banking services to individuals, small businesses, and commercial clients. These services include deposit accounts, consumer and residential mortgage lending, commercial and industrial lending, and treasury management solutions.

Founded in 1842, PeoplesBank has grown organically and through selective acquisitions to become a prominent community bank in Western Massachusetts and Northern Connecticut.