California Public Employees Retirement System increased its holdings in Peoples Financial Services Corp (NASDAQ:PFIS) by 65.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,428 shares of the financial services provider’s stock after acquiring an additional 6,100 shares during the quarter. California Public Employees Retirement System’s holdings in Peoples Financial Services were worth $589,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. BlackRock Inc. increased its position in Peoples Financial Services by 0.9% during the 1st quarter. BlackRock Inc. now owns 389,390 shares of the financial services provider’s stock valued at $15,474,000 after purchasing an additional 3,459 shares during the period. State Street Corp boosted its stake in shares of Peoples Financial Services by 2.9% during the first quarter. State Street Corp now owns 128,737 shares of the financial services provider’s stock valued at $5,116,000 after purchasing an additional 3,644 shares in the last quarter. Geode Capital Management LLC increased its holdings in Peoples Financial Services by 5.3% during the first quarter. Geode Capital Management LLC now owns 88,089 shares of the financial services provider’s stock valued at $3,500,000 after buying an additional 4,399 shares during the period. Wells Fargo & Company MN raised its stake in Peoples Financial Services by 7.4% in the first quarter. Wells Fargo & Company MN now owns 19,476 shares of the financial services provider’s stock worth $774,000 after buying an additional 1,340 shares in the last quarter. Finally, Martingale Asset Management L P lifted its holdings in Peoples Financial Services by 9.6% during the first quarter. Martingale Asset Management L P now owns 17,105 shares of the financial services provider’s stock worth $680,000 after buying an additional 1,501 shares during the period. Institutional investors own 27.39% of the company’s stock.
PFIS opened at $32.51 on Thursday. The firm has a market capitalization of $236.80 million, a PE ratio of 8.93 and a beta of 0.22. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50-day moving average is $36.42 and its two-hundred day moving average is $36.31. Peoples Financial Services Corp has a 1 year low of $29.01 and a 1 year high of $53.88.
Peoples Financial Services (NASDAQ:PFIS) last released its quarterly earnings results on Friday, July 31st. The financial services provider reported $1.03 earnings per share for the quarter. The business had revenue of $23.93 million for the quarter. Peoples Financial Services had a net margin of 24.52% and a return on equity of 8.81%.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.43%.
Separately, BidaskClub upgraded Peoples Financial Services from a “strong sell” rating to a “sell” rating in a report on Thursday, September 17th.
Peoples Financial Services Profile
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, demand deposit, and certificates of deposit accounts. Its loan products include residential real estate, automobile, manufactured housing, personal, student, and home equity 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.
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