Peoples Financial Services Corp. (NASDAQ:PFIS) to Issue Dividend Increase – $0.63 Per Share

Peoples Financial Services Corp. (NASDAQ:PFIS) announced a quarterly dividend on Friday, January 30th. Investors of record on Friday, February 27th will be given a dividend of 0.625 per share by the financial services provider on Friday, March 13th. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend 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%annually over the last three years and has increased its dividend every year for the last 8 years. Peoples Financial Services has a payout ratio of 39.4% indicating that its dividend is sufficiently covered by earnings.

Peoples Financial Services Trading Down 0.9%

NASDAQ PFIS traded down $0.49 on Wednesday, hitting $54.31. The company’s stock had a trading volume of 957 shares, compared to its average volume of 22,785. The company’s 50-day moving average is $51.99 and its 200 day moving average is $50.33. The firm has a market cap of $542.51 million, a PE ratio of 6.00 and a beta of 0.81. Peoples Financial Services has a 1-year low of $38.90 and a 1-year high of $57.71. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.45.

Peoples Financial Services (NASDAQ:PFIS) last issued its quarterly earnings data on Friday, January 30th. The financial services provider reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.16). The business had revenue of $89.23 million during the quarter, compared to the consensus estimate of $48.25 million. Peoples Financial Services had a return on equity of 18.84% and a net margin of 21.50%. As a group, analysts predict that Peoples Financial Services will post 5.92 earnings per share for the current fiscal 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.