Peoples Financial Services Corp. Declares Quarterly Dividend of $0.62 (NASDAQ:PFIS)

Peoples Financial Services Corp. (NASDAQ:PFIS) declared a quarterly dividend on Friday, October 25th,Zacks Dividends reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.618 per share by the financial services provider on Friday, December 13th. This represents a $2.47 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Friday, November 29th.

Peoples Financial Services has increased its dividend by an average of 4.4% per year over the last three years. Peoples Financial Services has a dividend payout ratio of 41.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Peoples Financial Services to earn $5.49 per share next year, which means the company should continue to be able to cover its $2.47 annual dividend with an expected future payout ratio of 45.0%.

Peoples Financial Services Trading Down 3.3 %

NASDAQ PFIS traded down $1.93 during trading hours on Wednesday, reaching $56.83. The company had a trading volume of 69,689 shares, compared to its average volume of 32,779. Peoples Financial Services has a 1-year low of $36.26 and a 1-year high of $59.70. The stock has a market capitalization of $567.73 million, a P/E ratio of 55.18 and a beta of 0.50. The stock has a 50-day moving average of $48.81 and a 200 day moving average of $45.41. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32.

Peoples Financial Services (NASDAQ:PFIS) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.56. Peoples Financial Services had a net margin of 3.00% and a return on equity of 7.73%. The firm had revenue of $74.01 million during the quarter. As a group, research analysts anticipate that Peoples Financial Services will post 3.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PFIS. Hovde Group increased their price target on Peoples Financial Services from $48.00 to $53.00 and gave the company a “market perform” rating in a research report on Monday, November 11th. StockNews.com upgraded shares of Peoples Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th.

About Peoples Financial Services

Peoples Financial Services Corp. operates as the bank holding company for Peoples Security Bank and Trust Company that provides various commercial and retail banking services. The company accepts money market, negotiable order of withdrawal, savings, individual retirement, demand deposit, and certificates of deposit accounts.