Peoples Financial Services (NASDAQ:PFIS) Releases Earnings Results

Peoples Financial Services (NASDAQ:PFIS) released its quarterly earnings data on Friday. The financial services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.19, FiscalAI reports. The business had revenue of $52.97 million during the quarter, compared to analyst estimates of $53.80 million. Peoples Financial Services had a return on equity of 17.27% and a net margin of 20.66%.

Peoples Financial Services Stock Down 1.6%

PFIS stock opened at $70.32 on Friday. Peoples Financial Services has a one year low of $43.64 and a one year high of $73.37. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.99 and a current ratio of 0.99. The firm’s fifty day moving average is $69.76 and its 200 day moving average is $62.12. The firm has a market cap of $703.90 million, a PE ratio of 11.64 and a beta of 0.75.

Peoples Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be given a dividend of $0.6250 per share. This represents a $2.50 annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, November 30th. Peoples Financial Services’s dividend payout ratio (DPR) is currently 28.31%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PFIS. Zacks Research upgraded Peoples Financial Services to a “hold” rating in a research note on Thursday, September 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Peoples Financial Services in a research report on Friday, September 4th. Finally, Hovde Group boosted their price target on Peoples Financial Services from $61.00 to $75.00 and gave the company a “market perform” rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Peoples Financial Services has a consensus rating of “Hold” and a consensus price target of $65.50.

About Peoples Financial Services

Peoples Financial Services Corp. is the bank holding company for Peoples Security Bank and Trust Company, a community banking institution headquartered in Scranton, Pennsylvania. The bank provides financial services to individuals, businesses, nonprofit organizations and municipal customers.

Its offerings include checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer lending, business loans, lines of credit and other treasury-management services.