Peoples Financial Services (PFIS) Rating Increased to Hold at BidaskClub

Peoples Financial Services (NASDAQ:PFIS) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Peoples Financial Services (NASDAQ PFIS) opened at $50.73 on Friday. Peoples Financial Services has a 1 year low of $39.00 and a 1 year high of $50.98. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.19. The company has a market cap of $375.22, a PE ratio of 19.51 and a beta of 0.75.

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

Institutional investors have recently bought and sold shares of the company. Voya Investment Management LLC boosted its holdings in shares of Peoples Financial Services by 11.6% in the second quarter. Voya Investment Management LLC now owns 5,686 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 591 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Peoples Financial Services by 90.6% in the second quarter. LSV Asset Management now owns 6,100 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 2,900 shares in the last quarter. Kennedy Capital Management Inc. boosted its holdings in shares of Peoples Financial Services by 3.6% in the second quarter. Kennedy Capital Management Inc. now owns 18,819 shares of the financial services provider’s stock valued at $823,000 after acquiring an additional 648 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Peoples Financial Services by 21.1% in the second quarter. Dimensional Fund Advisors LP now owns 19,361 shares of the financial services provider’s stock valued at $847,000 after acquiring an additional 3,376 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Peoples Financial Services by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 20,374 shares of the financial services provider’s stock valued at $891,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 22.96% of the company’s stock.

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Peoples Financial Services 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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