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

Shares of Peoples Financial Services (PFIS) traded up $0.30 during trading on Thursday, reaching $46.70. 7,037 shares of the company traded hands, compared to its average volume of 8,152. The company has a market cap of $345.42, a P/E ratio of 16.86 and a beta of 0.96. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.94 and a quick ratio of 0.94. Peoples Financial Services has a one year low of $39.00 and a one year high of $51.56.

Peoples Financial Services (NASDAQ:PFIS) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.72 earnings per share for the quarter. The company had revenue of $20.32 million during the quarter. Peoples Financial Services had a net margin of 22.75% and a return on equity of 7.36%.

Institutional investors have recently modified their holdings of the stock. Voya Investment Management LLC boosted its holdings in Peoples Financial Services by 11.6% in the 2nd quarter. Voya Investment Management LLC now owns 5,686 shares of the financial services provider’s stock worth $249,000 after buying an additional 591 shares during the period. LSV Asset Management boosted its holdings in Peoples Financial Services by 90.6% in the 2nd quarter. LSV Asset Management now owns 6,100 shares of the financial services provider’s stock worth $266,000 after buying an additional 2,900 shares during the period. Kennedy Capital Management Inc. boosted its holdings in Peoples Financial Services by 3.6% in the 2nd quarter. Kennedy Capital Management Inc. now owns 18,819 shares of the financial services provider’s stock worth $823,000 after buying an additional 648 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Peoples Financial Services by 21.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 19,361 shares of the financial services provider’s stock worth $847,000 after buying an additional 3,376 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in Peoples Financial Services by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 20,374 shares of the financial services provider’s stock worth $891,000 after purchasing an additional 95 shares in the last quarter. 22.96% of the stock is owned by institutional investors.

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Peoples Financial Services 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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