Peoples Financial Services (PFIS) Downgraded by BidaskClub

Peoples Financial Services (NASDAQ:PFIS) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Thursday.

Shares of Peoples Financial Services (NASDAQ PFIS) traded up $0.41 during trading hours on Thursday, reaching $46.40. The company’s stock had a trading volume of 2,666 shares, compared to its average volume of 8,783. The stock has a market capitalization of $340.17, a PE ratio of 16.69 and a beta of 0.75. Peoples Financial Services has a 1-year low of $39.00 and a 1-year high of $51.56. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.19.

Peoples Financial Services (NASDAQ:PFIS) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.72 earnings per share for the quarter. Peoples Financial Services had a return on equity of 8.10% and a net margin of 26.33%. The firm had revenue of $20.32 million during the quarter.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Peoples Financial Services by 0.6% in the second quarter. Vanguard Group Inc. now owns 203,134 shares of the financial services provider’s stock worth $8,884,000 after purchasing an additional 1,212 shares during the last quarter. State Street Corp raised its stake in shares of Peoples Financial Services by 8.1% in the second quarter. State Street Corp now owns 121,524 shares of the financial services provider’s stock worth $5,311,000 after purchasing an additional 9,106 shares during the last quarter. Northern Trust Corp raised its stake in shares of Peoples Financial Services by 1.1% in the second quarter. Northern Trust Corp now owns 74,339 shares of the financial services provider’s stock worth $3,251,000 after purchasing an additional 796 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Peoples Financial Services by 37.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 27,920 shares of the financial services provider’s stock worth $1,335,000 after purchasing an additional 7,546 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Peoples Financial Services by 27.6% in the third quarter. Dimensional Fund Advisors LP now owns 24,697 shares of the financial services provider’s stock worth $1,181,000 after purchasing an additional 5,336 shares during the last quarter. Hedge funds and other institutional investors own 22.96% of the company’s stock.

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About Peoples Financial Services

Peoples Financial Services Corp. is a bank holding company. The Company provides a range of financial services through its subsidiary, Peoples Security Bank and Trust Company (Peoples Bank), including its subsidiary, Peoples Advisors, LLC. Peoples Bank is a state-chartered bank and trust company. Peoples Advisors, LLC, provides investment advisory services through a third party to individuals and small businesses.

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