Peoples Financial Services Corp (NASDAQ:PFIS) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totalling 33,400 shares, an increase of 73.1% from the May 30th total of 19,300 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,400 shares, the days-to-cover ratio is currently 6.2 days.

PFIS stock traded down $0.30 on Thursday, reaching $43.50. The company had a trading volume of 5,400 shares, compared to its average volume of 5,916. Peoples Financial Services has a 1 year low of $39.01 and a 1 year high of $47.79. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.13. The firm’s fifty day moving average price is $43.49. The company has a market capitalization of $327.04 million, a P/E ratio of 12.92 and a beta of 0.32.

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

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Thursday, May 30th.

A number of hedge funds have recently bought and sold shares of the stock. Martingale Asset Management L P lifted its stake in Peoples Financial Services by 5.1% in the 1st quarter. Martingale Asset Management L P now owns 8,303 shares of the financial services provider’s stock valued at $376,000 after buying an additional 400 shares in the last quarter. Bessemer Group Inc. raised its holdings in Peoples Financial Services by 30.8% in the 4th quarter. Bessemer Group Inc. now owns 3,400 shares of the financial services provider’s stock valued at $150,000 after acquiring an additional 800 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in Peoples Financial Services by 530.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,443 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 1,214 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its holdings in Peoples Financial Services by 29.5% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 7,185 shares of the financial services provider’s stock valued at $325,000 after acquiring an additional 1,636 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Peoples Financial Services by 49.9% in the 4th quarter. Bank of America Corp DE now owns 5,147 shares of the financial services provider’s stock valued at $227,000 after acquiring an additional 1,714 shares during the last quarter. 24.92% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub lowered Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday.

About Peoples Financial Services

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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