40,361 Shares in Peoples Financial Services Corp. $PFIS Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC purchased a new stake in Peoples Financial Services Corp. (NASDAQ:PFIS) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 40,361 shares of the financial services provider’s stock, valued at approximately $1,993,000.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Peoples Financial Services by 1.4% during the first quarter. Vanguard Group Inc. now owns 495,001 shares of the financial services provider’s stock valued at $22,013,000 after acquiring an additional 6,935 shares in the last quarter. Geode Capital Management LLC boosted its stake in Peoples Financial Services by 5.7% in the 2nd quarter. Geode Capital Management LLC now owns 231,462 shares of the financial services provider’s stock worth $11,430,000 after purchasing an additional 12,447 shares in the last quarter. Bridgeway Capital Management LLC grew its position in Peoples Financial Services by 4.4% during the 1st quarter. Bridgeway Capital Management LLC now owns 63,551 shares of the financial services provider’s stock worth $2,826,000 after purchasing an additional 2,679 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in Peoples Financial Services during the 1st quarter valued at approximately $2,641,000. Finally, Empowered Funds LLC increased its stake in Peoples Financial Services by 7.1% during the 1st quarter. Empowered Funds LLC now owns 40,651 shares of the financial services provider’s stock valued at $1,808,000 after purchasing an additional 2,679 shares in the last quarter. Institutional investors and hedge funds own 31.67% of the company’s stock.

Peoples Financial Services Stock Up 0.0%

NASDAQ:PFIS opened at $48.43 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.95 and a quick ratio of 0.95. The company’s fifty day moving average price is $47.77 and its 200-day moving average price is $49.38. Peoples Financial Services Corp. has a 1-year low of $38.90 and a 1-year high of $59.70. The firm has a market capitalization of $484.06 million, a P/E ratio of 14.46 and a beta of 0.79.

Peoples Financial Services (NASDAQ:PFIS) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $4.71 EPS for the quarter, beating the consensus estimate of $1.52 by $3.19. The company had revenue of $65.88 million for the quarter, compared to analyst estimates of $49.00 million. Peoples Financial Services had a net margin of 11.80% and a return on equity of 12.20%. As a group, equities research analysts anticipate that Peoples Financial Services Corp. will post 5.92 EPS for the current year.

Peoples Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be paid a $0.6175 dividend. The ex-dividend date is Friday, November 28th. This represents a $2.47 dividend on an annualized basis and a dividend yield of 5.1%. Peoples Financial Services’s dividend payout ratio is presently 29.16%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PFIS shares. Hovde Group lowered their price objective on shares of Peoples Financial Services from $54.00 to $50.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Peoples Financial Services in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded Peoples Financial Services from a “buy” rating to a “hold” rating in a research note on Monday, November 17th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Peoples Financial Services has a consensus rating of “Hold” and a consensus price target of $50.00.

Peoples Financial Services Company Profile

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.