Peoples Financial Services (PFIS) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in Peoples Financial Services (NASDAQ:PFIS) by 7.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 49,256 shares of the financial services provider’s stock after buying an additional 3,446 shares during the quarter. Bank of New York Mellon Corp’s holdings in Peoples Financial Services were worth $2,295,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Schwab Charles Investment Management Inc. lifted its holdings in Peoples Financial Services by 5.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 29,324 shares of the financial services provider’s stock worth $1,366,000 after buying an additional 1,404 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Peoples Financial Services by 27.6% during the third quarter. Dimensional Fund Advisors LP now owns 24,697 shares of the financial services provider’s stock valued at $1,181,000 after purchasing an additional 5,336 shares during the last quarter. Finally, Berkshire Asset Management LLC PA lifted its holdings in shares of Peoples Financial Services by 8.4% during the fourth quarter. Berkshire Asset Management LLC PA now owns 17,791 shares of the financial services provider’s stock valued at $829,000 after purchasing an additional 1,383 shares during the last quarter. Institutional investors and hedge funds own 23.24% of the company’s stock.

How to Become a New Pot Stock Millionaire

Separately, BidaskClub lowered shares of Peoples Financial Services from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th.

PFIS stock opened at $44.67 on Monday. Peoples Financial Services has a 52-week low of $39.00 and a 52-week high of $51.56. The company has a market cap of $334.32, a PE ratio of 16.93 and a beta of 0.80. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.19.

Peoples Financial Services (NASDAQ:PFIS) last released its earnings results on Friday, February 2nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter. Peoples Financial Services had a net margin of 20.19% and a return on equity of 7.50%. The firm had revenue of $20.27 million during the quarter.

ILLEGAL ACTIVITY NOTICE: “Peoples Financial Services (PFIS) Shares Bought by Bank of New York Mellon Corp” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2018/04/16/peoples-financial-services-pfis-shares-bought-by-bank-of-new-york-mellon-corp.html.

About Peoples Financial Services

Peoples Financial Services Corp. operates as the bank holding company for Peoples Security Bank and Trust Company that provides financial services. The company accepts money market, NOW, savings, individual retirement, and demand deposit accounts, as well as certificates of deposit. Its loan products include residential real estate, automobile, manufactured housing, personal, student, home equity, and credit card loans; and commercial real estate, working capital, construction, small business administration, and agricultural loans, as well as loans for equipment and other commercial needs, and mineral rights.

Want to see what other hedge funds are holding PFIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Peoples Financial Services (NASDAQ:PFIS).

Institutional Ownership by Quarter for Peoples Financial Services (NASDAQ:PFIS)

Receive News & Ratings for Peoples Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peoples Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply