JPMorgan Chase & Co. Grows Position in Peoples Financial Services Corp. (NASDAQ:PFIS)

JPMorgan Chase & Co. grew its holdings in shares of Peoples Financial Services Corp. (NASDAQ:PFIS) by 377.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,442 shares of the financial services provider’s stock after acquiring an additional 16,164 shares during the quarter. JPMorgan Chase & Co. owned about 0.20% of Peoples Financial Services worth $958,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PFIS. Barclays PLC lifted its position in Peoples Financial Services by 304.8% during the third quarter. Barclays PLC now owns 12,270 shares of the financial services provider’s stock valued at $576,000 after purchasing an additional 9,239 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Peoples Financial Services by 14.9% during the 3rd quarter. Geode Capital Management LLC now owns 211,451 shares of the financial services provider’s stock valued at $9,914,000 after buying an additional 27,463 shares in the last quarter. State Street Corp lifted its holdings 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 acquiring an additional 11,236 shares during the last quarter. Stifel Financial Corp grew its position in Peoples Financial Services by 60.2% in the third quarter. Stifel Financial Corp now owns 12,308 shares of the financial services provider’s stock worth $577,000 after acquiring an additional 4,627 shares in the last quarter. Finally, RBF Capital LLC bought a new position in Peoples Financial Services in the third quarter valued at $342,000. Hedge funds and other institutional investors own 31.67% of the company’s stock.

Analyst Ratings Changes

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

Peoples Financial Services Stock Up 0.1 %

Shares of NASDAQ:PFIS opened at $50.85 on Friday. The stock has a market capitalization of $507.99 million, a P/E ratio of 49.37 and a beta of 0.56. The stock’s 50-day moving average price is $52.49 and its 200-day moving average price is $48.88. 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 Corp. has a 12-month low of $36.26 and a 12-month high of $59.70.

Peoples Financial Services (NASDAQ:PFIS) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.56. Peoples Financial Services had a return on equity of 7.73% and a net margin of 3.00%. The business had revenue of $74.01 million for the quarter. On average, equities analysts anticipate that Peoples Financial Services Corp. will post 4.39 earnings per share for the current year.

Peoples Financial Services Company Profile

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.