Peoples Financial Services (NASDAQ:PFIS) Posts Quarterly Earnings Results, Misses Estimates By $0.17 EPS

Peoples Financial Services (NASDAQ:PFIS) announced its earnings results on Thursday. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.17), Zacks reports. Peoples Financial Services had a net margin of 3.70% and a return on equity of 8.97%.

Peoples Financial Services Trading Down 5.1 %

Shares of Peoples Financial Services stock opened at $50.97 on Friday. Peoples Financial Services has a fifty-two week low of $36.26 and a fifty-two week high of $59.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $509.19 million, a P/E ratio of 45.11 and a beta of 0.56. The company has a fifty day moving average of $51.90 and a 200 day moving average of $49.20.

Peoples Financial Services Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.6175 per share. The ex-dividend date is Friday, February 28th. This represents a $2.47 annualized dividend and a dividend yield of 4.85%. Peoples Financial Services’s payout ratio is 218.59%.

Analyst Ratings Changes

Several brokerages have recently weighed in on PFIS. StockNews.com upgraded shares of Peoples Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Stephens upgraded Peoples Financial Services from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Finally, Hovde Group upped their price target on Peoples Financial Services from $48.00 to $53.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th.

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.