Cresset Asset Management LLC Has $210,000 Holdings in Peoples Financial Services Corp. (NASDAQ:PFIS)

Cresset Asset Management LLC lowered its position in shares of Peoples Financial Services Corp. (NASDAQ:PFIS) by 5.6% during the fourth quarter, Holdings Channel reports. The fund owned 4,100 shares of the financial services provider’s stock after selling 243 shares during the quarter. Cresset Asset Management LLC’s holdings in Peoples Financial Services were worth $210,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PFIS. JPMorgan Chase & Co. increased its stake in Peoples Financial Services by 377.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,442 shares of the financial services provider’s stock valued at $958,000 after buying an additional 16,164 shares during the period. SG Americas Securities LLC increased its stake in Peoples Financial Services by 21.6% in the 4th quarter. SG Americas Securities LLC now owns 3,873 shares of the financial services provider’s stock valued at $198,000 after buying an additional 688 shares during the period. Alliance Wealth Advisors LLC increased its stake in Peoples Financial Services by 0.6% in the 4th quarter. Alliance Wealth Advisors LLC now owns 38,857 shares of the financial services provider’s stock valued at $1,989,000 after buying an additional 225 shares during the period. Rhumbline Advisers increased its stake in Peoples Financial Services by 4.1% in the 4th quarter. Rhumbline Advisers now owns 13,182 shares of the financial services provider’s stock valued at $675,000 after buying an additional 518 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Peoples Financial Services by 20.6% in the 4th quarter. Bank of New York Mellon Corp now owns 52,100 shares of the financial services provider’s stock valued at $2,666,000 after buying an additional 8,911 shares during the period. Institutional investors and hedge funds own 31.67% of the company’s stock.

Peoples Financial Services Stock Down 1.8%

Peoples Financial Services stock opened at $49.62 on Monday. The firm’s 50 day moving average price is $44.51 and its two-hundred day moving average price is $49.05. Peoples Financial Services Corp. has a twelve month low of $37.62 and a twelve month high of $59.70. The firm has a market cap of $495.95 million, a PE ratio of 43.91 and a beta of 0.70. 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 (NASDAQ:PFIS) last announced its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.35 by $0.16. Peoples Financial Services had a net margin of 3.70% and a return on equity of 8.97%. The company had revenue of $62.43 million for the quarter, compared to analyst estimates of $44.35 million. On average, research analysts predict that Peoples Financial Services Corp. will post 5.92 EPS for the current fiscal year.

Peoples Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.6175 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.47 annualized dividend and a dividend yield of 4.98%. Peoples Financial Services’s dividend payout ratio (DPR) is 115.96%.

Insider Transactions at Peoples Financial Services

In other news, Director Richard S. Lochen, Jr. acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $47.12 per share, with a total value of $47,120.00. Following the acquisition, the director now owns 17,129 shares in the company, valued at approximately $807,118.48. This represents a 6.20% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 8.00% of the stock is currently owned by company insiders.

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.