Barclays PLC Acquires 9,239 Shares of Peoples Financial Services Corp. (NASDAQ:PFIS)

Barclays PLC grew its holdings in shares of Peoples Financial Services Corp. (NASDAQ:PFIS) by 304.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,270 shares of the financial services provider’s stock after buying an additional 9,239 shares during the quarter. Barclays PLC owned approximately 0.12% of Peoples Financial Services worth $576,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PFIS. Geode Capital Management LLC raised its holdings in Peoples Financial Services by 14.9% during the third quarter. Geode Capital Management LLC now owns 211,451 shares of the financial services provider’s stock worth $9,914,000 after acquiring an additional 27,463 shares in the last quarter. State Street Corp increased its position in shares of Peoples Financial Services by 6.6% during the 3rd quarter. State Street Corp now owns 181,656 shares of the financial services provider’s stock worth $8,516,000 after purchasing an additional 11,236 shares during the last quarter. Stifel Financial Corp increased its position in shares of Peoples Financial Services by 60.2% during the 3rd quarter. Stifel Financial Corp now owns 12,308 shares of the financial services provider’s stock worth $577,000 after purchasing an additional 4,627 shares during the last quarter. RBF Capital LLC bought a new stake in shares of Peoples Financial Services during the 3rd quarter worth approximately $342,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Peoples Financial Services by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 25,641 shares of the financial services provider’s stock valued at $1,202,000 after buying an additional 1,225 shares during the last quarter. 31.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PFIS has been the topic of a number of recent analyst reports. Hovde Group boosted their target price on shares of Peoples Financial Services from $48.00 to $53.00 and gave the stock a “market perform” rating in a report on Monday, November 11th. Stephens upgraded shares of Peoples Financial Services from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, StockNews.com raised shares of Peoples Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, November 7th.

Peoples Financial Services Stock Down 0.4 %

PFIS stock opened at $49.97 on Friday. The business’s 50 day simple moving average is $52.64 and its 200 day simple moving average is $48.52. Peoples Financial Services Corp. has a 1-year low of $36.26 and a 1-year high of $59.70. The firm has a market capitalization of $499.45 million, a PE ratio of 48.52 and a beta of 0.56. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32.

Peoples Financial Services (NASDAQ:PFIS) last released its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.08 by $0.56. The firm had revenue of $74.01 million for the quarter. Peoples Financial Services had a net margin of 3.00% and a return on equity of 7.73%. As a group, research analysts anticipate that Peoples Financial Services Corp. will post 4.39 EPS for the current year.

Peoples Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.618 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.47 annualized dividend and a yield of 4.95%. Peoples Financial Services’s dividend payout ratio (DPR) is presently 239.81%.

About Peoples Financial Services

Peoples Financial Services Corp. operates as the bank holding company for Peoples Security Bank and Trust Company that provides various commercial and retail banking services. The company accepts money market, negotiable order of withdrawal, savings, individual retirement, demand deposit, and certificates of deposit accounts.