Peoples Financial Services Corp. (PFIS) To Go Ex-Dividend on May 29th

Peoples Financial Services Corp. (NASDAQ:PFIS) declared a quarterly dividend on Friday, April 24th. Stockholders of record on Friday, May 29th will be paid 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 dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, May 29th.

Peoples Financial Services has increased its dividend payment 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 payout ratio of 39.4% meaning its dividend is sufficiently covered by earnings.

Peoples Financial Services Price Performance

Shares of PFIS 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 debt-to-equity ratio of 0.43, a current ratio of 0.98 and a quick ratio of 0.97. The company has a market capitalization of $601.60 million, a price-to-earnings ratio of 6.66 and a beta of 0.77. The business has a 50-day moving average of $56.26 and a 200-day moving average of $53.02.

Peoples Financial Services (NASDAQ:PFIS) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $49.95 million.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PFIS shares. Hovde Group lifted their target price on Peoples Financial Services from $59.00 to $61.00 and gave the stock a “market perform” rating in a report on Monday, May 4th. Weiss Ratings upgraded Peoples Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 27th. Finally, Stephens lifted their target price on Peoples Financial Services from $50.00 to $56.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Peoples Financial Services presently has an average rating of “Hold” and an average target price of $58.50.

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.