Peoples Financial Services (NASDAQ:PFIS) Lifted to Sell at BidaskClub

BidaskClub upgraded shares of Peoples Financial Services (NASDAQ:PFIS) from a strong sell rating to a sell rating in a report released on Friday morning, BidAskClub reports.

PFIS stock opened at $44.99 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.13. The company has a market cap of $332.88 million, a PE ratio of 13.15 and a beta of 0.32. The stock’s fifty day moving average price is $43.52. Peoples Financial Services has a fifty-two week low of $39.01 and a fifty-two week high of $47.79.

Peoples Financial Services (NASDAQ:PFIS) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.87 earnings per share for the quarter. The firm had revenue of $21.71 million for the quarter. Peoples Financial Services had a return on equity of 9.13% and a net margin of 25.23%.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its position in Peoples Financial Services by 2.6% during the 4th quarter. BlackRock Inc. now owns 361,845 shares of the financial services provider’s stock worth $15,943,000 after buying an additional 9,318 shares during the period. Peoples Financial Services CORP. increased its position in Peoples Financial Services by 2.0% during the 1st quarter. Peoples Financial Services CORP. now owns 323,725 shares of the financial services provider’s stock worth $14,645,000 after buying an additional 6,324 shares during the period. Geode Capital Management LLC increased its position in Peoples Financial Services by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 69,472 shares of the financial services provider’s stock worth $3,060,000 after buying an additional 4,273 shares during the period. LSV Asset Management increased its position in Peoples Financial Services by 144.7% during the 1st quarter. LSV Asset Management now owns 14,924 shares of the financial services provider’s stock worth $675,000 after buying an additional 8,824 shares during the period. Finally, Rhumbline Advisers increased its position in Peoples Financial Services by 43.3% during the 4th quarter. Rhumbline Advisers now owns 9,779 shares of the financial services provider’s stock worth $431,000 after buying an additional 2,957 shares during the period. Hedge funds and other institutional investors own 24.92% of the company’s stock.

Peoples Financial Services Company Profile

Peoples Financial Services Corp. operates as the bank holding company for Peoples Security Bank and Trust Company that provides financial services. The company accepts money market, NOW, savings, individual retirement, demand deposit, and certificates of deposit accounts. Its loan products include residential real estate, automobile, manufactured housing, personal, student, and home equity loans; and commercial real estate, working capital, construction, small business administration, and agricultural loans, as well as loans for equipment and other commercial needs, and mineral rights.

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