Stephens investment analysts began covering the shares of Peoples Financial Services (NASDAQ: PFIS – Get a rating) in a research note published on Monday, Fly reports. The brokerage has assigned an “overweight” rating to the shares of the financial services provider.
Peoples Financial Services stock traded down $0.38 at midday Monday, hitting $51.40. The stock recorded trading volume of 11,294 shares, compared to an average trading volume of 12,337 shares. The stock has a market capitalization of $368.44 million, a P/E ratio of 8.52 and a beta of 0.20. Peoples Financial Services has a 1 year minimum of $41.00 and a 1 year maximum of $55.00. The company’s fifty-day simple moving average is $49.29 and its 200-day simple moving average is $48.63. The company has a debt ratio of 0.10, a quick ratio of 0.87 and a current ratio of 0.87.
Peoples Financial Services (NASDAQ: PFIS – Get a rating) last released its quarterly results on Monday, January 31. The financial services provider reported earnings per share of $0.95 for the quarter. The company had revenue of $36.88 million for the quarter. Peoples Financial Services achieved a return on equity of 10.36% and a net margin of 36.36%.
Separately, director Elisa Z. Ramirez bought 1,030 shares in a trade on Tuesday, March 8. The shares were purchased at an average price of $48.62 per share, with a total value of $50,078.60. The acquisition was disclosed in a legal filing with the SEC, accessible via this hyperlink. 3.50% of the shares are held by insiders.
Hedge funds have recently been buying and selling stocks. Lazard Asset Management LLC acquired a new position in Peoples Financial Services stock during Q4 worth approximately $36,000. Citigroup Inc. increased its stake in Peoples Financial Services by 139.7% in the third quarter. Citigroup Inc. now owns 803 shares of the financial services provider worth $37,000 after purchasing an additional 468 shares during the period. Emerald Advisers LLC bought a new stake in Peoples Financial Services in Q4 for $61,000. BNP Paribas Arbitrage SA increased its stake in Peoples Financial Services by 100.1% in the third quarter. BNP Paribas Arbitrage SA now owns 1,769 shares of the financial services provider valued at $81,000 after purchasing an additional 885 shares during the period. Finally, Metropolitan Life Insurance Co NY bought a new stake in Peoples Financial Services in Q3 valued at $87,000. 29.13% of the shares are currently held by institutional investors and hedge funds.
Peoples Financial Services Company Profile (Get a rating)
Peoples Financial Services Corp. is the bank holding company of Peoples Security Bank & Trust Co, which provides financial services to individuals, families and businesses. It offers home equity loans and lines of credit, construction loans, commercial and non-residential real estate loans, consumer loans, multi-family mortgages and other loans.
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