Peoples Financial Services (NASDAQ:PFIS) Coverage Launches at Stephens

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%.

(A d)

This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.

Take your trading to the next level with the Options Strategy Guide.

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.

Featured Articles

The Fly logo

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Peoples Financial Services right now?

Before you consider Peoples Financial Services, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Peoples Financial Services was not on the list.

Although Peoples Financial Services currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

About Jon Moses

Check Also

CFPB Releases Spring 2022 Monitoring Highlights | PC Weiner Brodsky Kider

The CFPB recently published its Spring 2022 Watch Highlightsdiscussing the findings of his reviews regarding …