Peoples Financial Services Corp. (NASDAQ:PFIS) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday, July 11th.
Shares of Peoples Financial Services Corp. (NASDAQ:PFIS) traded up 1.39% on Tuesday, reaching $43.65. 11,531 shares of the company traded hands. The company has a market capitalization of $322.84 million, a P/E ratio of 16.55 and a beta of 0.91. Peoples Financial Services Corp. has a one year low of $38.19 and a one year high of $50.54. The firm’s 50 day moving average is $42.84 and its 200 day moving average is $42.98.
Peoples Financial Services Corp. (NASDAQ:PFIS) last issued its quarterly earnings results on Monday, April 24th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter. Peoples Financial Services Corp. had a return on equity of 7.50% and a net margin of 22.71%. The firm had revenue of $19.63 million for the quarter.
Peoples Financial Services Corp. declared that its Board of Directors has initiated a stock buyback plan on Monday, May 1st that allows the company to repurchase 230,000 outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
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About Peoples Financial Services Corp.
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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