Peoples Financial Services Corp. Plans Quarterly Dividend of $0.63 (NASDAQ:PFIS)

Peoples Financial Services Corp. (NASDAQ:PFISGet Free Report) declared a quarterly dividend on Friday, April 24th. Shareholders of record on Friday, May 29th will be given a dividend of 0.625 per share by the financial services provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, May 29th.

Peoples Financial Services has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Peoples Financial Services has a dividend payout ratio of 39.4% meaning its dividend is sufficiently covered by earnings.

Peoples Financial Services Stock Performance

NASDAQ:PFIS opened at $60.10 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.43. The company has a market cap of $601.60 million, a P/E ratio of 6.66 and a beta of 0.77. Peoples Financial Services has a fifty-two week low of $43.64 and a fifty-two week high of $60.41. The firm’s 50 day moving average is $56.26 and its two-hundred day moving average is $53.02.

Peoples Financial Services (NASDAQ:PFISGet Free Report) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.11). The company had revenue of $92.63 million for the quarter, compared to analysts’ expectations of $49.95 million. Peoples Financial Services had a return on equity of 18.06% and a net margin of 21.29%.

Peoples Financial Services Company Profile

(Get Free Report)

Peoples Financial Services Corporation is the bank holding company for PeoplesBank, a community-focused commercial bank headquartered in Holyoke, Massachusetts. Through its wholly owned subsidiary, PeoplesBank, PFIS offers a full suite of banking services to individuals, small businesses, and commercial clients. These services include deposit accounts, consumer and residential mortgage lending, commercial and industrial lending, and treasury management solutions.

Founded in 1842, PeoplesBank has grown organically and through selective acquisitions to become a prominent community bank in Western Massachusetts and Northern Connecticut.

See Also

Dividend History for Peoples Financial Services (NASDAQ:PFIS)

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