Share Buyback Program Announced by Peoples Financial Services Corp (PFIS) Board of Directors
Peoples Financial Services Corp (NASDAQ:PFIS) announced that its board has initiated a share buyback plan, which permits the company to buyback 230,000 shares on Monday, May 1st, EventVestor reports. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
Peoples Financial Services Corp (PFIS) traded up 5.26% during midday trading on Friday, hitting $42.23. The company’s stock had a trading volume of 6,531 shares. Peoples Financial Services Corp has a one year low of $36.52 and a one year high of $50.54. The company has a market cap of $312.33 million, a price-to-earnings ratio of 16.01 and a beta of 1.00. The company’s 50-day moving average is $42.40 and its 200 day moving average is $43.87.
Peoples Financial Services Corp (NASDAQ:PFIS) last announced its quarterly earnings data on Monday, April 24th. The financial services provider reported $0.65 earnings per share for the quarter. The business had revenue of $19.63 million for the quarter. Peoples Financial Services Corp had a return on equity of 7.61% and a net margin of 23.07%.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Friday, May 26th. Peoples Financial Services Corp’s dividend payout ratio is presently 46.79%.
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Peoples Financial Services Corp Company Profile
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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