Peoples Financial Services Corp. (PFIS) To Go Ex-Dividend on February 27th

Peoples Financial Services Corp. (NASDAQ:PFIS) declared a quarterly dividend on Friday, January 30th. Stockholders of record on Friday, February 27th will be paid a dividend of 0.625 per share by the financial services provider on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, February 27th. This is a 1.2% increase from Peoples Financial Services’s previous quarterly dividend of $0.62.

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

Peoples Financial Services Stock Performance

Shares of PFIS stock traded down $0.03 during trading on Wednesday, reaching $54.77. The company had a trading volume of 4,045 shares, compared to its average volume of 22,871. The firm’s 50 day simple moving average is $51.99 and its two-hundred day simple moving average is $50.33. Peoples Financial Services has a one year low of $38.90 and a one year high of $57.71. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $547.10 million, a PE ratio of 6.05 and a beta of 0.81.

Peoples Financial Services (NASDAQ:PFIS) last released its quarterly earnings results on Friday, January 30th. The financial services provider reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.16). The firm had revenue of $89.23 million during the quarter, compared to the consensus estimate of $48.25 million. Peoples Financial Services had a net margin of 21.50% and a return on equity of 18.84%. Sell-side analysts forecast that Peoples Financial Services will post 5.92 earnings per share for the current year.

About Peoples Financial Services

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.