Peoples Financial Services Corp. (NASDAQ:PFIS) Shares Sold by Fidelity D & D Bancorp Inc.

Fidelity D & D Bancorp Inc. lowered its stake in Peoples Financial Services Corp. (NASDAQ:PFIS) by 5.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,821 shares of the financial services provider’s stock after selling 491 shares during the quarter. Fidelity D & D Bancorp Inc. owned about 0.08% of Peoples Financial Services worth $367,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Peoples Financial Services in the 3rd quarter valued at approximately $149,000. RBF Capital LLC acquired a new stake in Peoples Financial Services in the 3rd quarter valued at approximately $342,000. Commonwealth Equity Services LLC raised its position in Peoples Financial Services by 2.6% in the second quarter. Commonwealth Equity Services LLC now owns 8,749 shares of the financial services provider’s stock valued at $398,000 after purchasing an additional 220 shares during the period. Barclays PLC lifted its stake in Peoples Financial Services by 304.8% during the third quarter. Barclays PLC now owns 12,270 shares of the financial services provider’s stock worth $576,000 after purchasing an additional 9,239 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Peoples Financial Services by 60.2% during the third quarter. Stifel Financial Corp now owns 12,308 shares of the financial services provider’s stock worth $577,000 after buying an additional 4,627 shares during the period. Hedge funds and other institutional investors own 31.67% of the company’s stock.

Peoples Financial Services Stock Up 0.4 %

Shares of Peoples Financial Services stock traded up $0.23 during trading hours on Friday, reaching $55.44. 5,876 shares of the company were exchanged, compared to its average volume of 18,615. The firm has a market cap of $553.85 million, a PE ratio of 53.60 and a beta of 0.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.93. Peoples Financial Services Corp. has a 1 year low of $36.26 and a 1 year high of $59.70. The stock’s fifty day moving average is $50.91 and its 200 day moving average is $46.60.

Peoples Financial Services (NASDAQ:PFIS) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.56. The company had revenue of $74.01 million for the quarter. Peoples Financial Services had a return on equity of 7.73% and a net margin of 3.00%. As a group, equities research analysts forecast that Peoples Financial Services Corp. will post 4.39 earnings per share for the current year.

Peoples Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.618 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.47 annualized dividend and a yield of 4.46%. Peoples Financial Services’s dividend payout ratio (DPR) is 239.81%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. StockNews.com upgraded Peoples Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Hovde Group boosted their price target on shares of Peoples Financial Services from $48.00 to $53.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Finally, Stephens raised shares of Peoples Financial Services from an “equal weight” rating to an “overweight” rating in a research note on Monday.

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.