Vanguard Group Inc. Increases Holdings in Peoples Financial Services Corp. (PFIS)

Vanguard Group Inc. raised its holdings in shares of Peoples Financial Services Corp. (NASDAQ:PFIS) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 203,134 shares of the financial services provider’s stock after acquiring an additional 1,212 shares during the period. Vanguard Group Inc. owned approximately 2.75% of Peoples Financial Services Corp. worth $8,884,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. LSV Asset Management increased its holdings in shares of Peoples Financial Services Corp. by 90.6% during the 2nd quarter. LSV Asset Management now owns 6,100 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 2,900 shares in the last quarter. Kennedy Capital Management Inc. increased its holdings in shares of Peoples Financial Services Corp. by 3.6% during the 2nd quarter. Kennedy Capital Management Inc. now owns 18,819 shares of the financial services provider’s stock valued at $823,000 after purchasing an additional 648 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Peoples Financial Services Corp. by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 20,374 shares of the financial services provider’s stock valued at $891,000 after purchasing an additional 95 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Peoples Financial Services Corp. by 1.1% during the 2nd quarter. Northern Trust Corp now owns 74,339 shares of the financial services provider’s stock valued at $3,251,000 after purchasing an additional 796 shares in the last quarter. Institutional investors and hedge funds own 22.64% of the company’s stock.

Peoples Financial Services Corp. (NASDAQ PFIS) opened at $47.70 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $353.33, a P/E ratio of 18.37 and a beta of 0.92. Peoples Financial Services Corp. has a 1-year low of $39.00 and a 1-year high of $50.54.

Peoples Financial Services Corp. (NASDAQ:PFIS) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.72 earnings per share for the quarter. The firm had revenue of $20.32 million during the quarter. Peoples Financial Services Corp. had a net margin of 22.75% and a return on equity of 7.36%.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Wednesday, November 29th. Peoples Financial Services Corp.’s dividend payout ratio (DPR) is 46.21%.

Separately, BidaskClub raised shares of Peoples Financial Services Corp. from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th.

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Peoples Financial Services Corp. Company Profile

Peoples Financial Services Corp. is a bank holding company. The Company provides a range of financial services through its subsidiary, Peoples Security Bank and Trust Company (Peoples Bank), including its subsidiary, Peoples Advisors, LLC. Peoples Bank is a state-chartered bank and trust company. Peoples Advisors, LLC, provides investment advisory services through a third party to individuals and small businesses.

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Institutional Ownership by Quarter for Peoples Financial Services Corp. (NASDAQ:PFIS)

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