PNC Financial Services Group Inc. trimmed its stake in shares of Peoples Financial Services Corp (NASDAQ:PFIS) by 4.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 71,081 shares of the financial services provider’s stock after selling 3,184 shares during the quarter. PNC Financial Services Group Inc. owned about 0.96% of Peoples Financial Services worth $3,014,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Peoples Financial Services during the 2nd quarter worth $127,000. Commonwealth Equity Services LLC acquired a new position in shares of Peoples Financial Services during the 2nd quarter worth $207,000. Janney Montgomery Scott LLC acquired a new position in shares of Peoples Financial Services during the 2nd quarter worth $335,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Peoples Financial Services by 27.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 33,618 shares of the financial services provider’s stock worth $1,581,000 after buying an additional 7,175 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Peoples Financial Services by 8.4% during the 2nd quarter. Renaissance Technologies LLC now owns 38,800 shares of the financial services provider’s stock worth $1,824,000 after buying an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 24.24% of the company’s stock.
In other Peoples Financial Services news, Director William E. Aubrey II purchased 2,020 shares of the stock in a transaction dated Friday, November 2nd. The stock was bought at an average price of $41.47 per share, with a total value of $83,769.40. Following the acquisition, the director now owns 24,020 shares of the company’s stock, valued at $996,109.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William E. Aubrey II purchased 5,980 shares of the stock in a transaction dated Tuesday, November 6th. The shares were acquired at an average cost of $41.00 per share, with a total value of $245,180.00. Following the acquisition, the director now directly owns 30,000 shares in the company, valued at approximately $1,230,000. The disclosure for this purchase can be found here. Insiders have bought a total of 16,550 shares of company stock valued at $679,532 in the last three months. 7.70% of the stock is owned by insiders.
Peoples Financial Services stock opened at $42.48 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.18. Peoples Financial Services Corp has a 52 week low of $39.01 and a 52 week high of $52.00. The firm has a market cap of $314.24 million, a PE ratio of 13.31 and a beta of 0.65.
Peoples Financial Services (NASDAQ:PFIS) last posted its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $0.91 EPS for the quarter. Peoples Financial Services had a return on equity of 8.76% and a net margin of 22.20%. The company had revenue of $21.21 million during the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.11%.
A number of research firms have recently commented on PFIS. ValuEngine raised Peoples Financial Services from a “sell” rating to a “hold” rating in a report on Monday, October 29th. BidaskClub raised Peoples Financial Services from a “strong sell” rating to a “sell” rating in a report on Saturday, October 6th.
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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, 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.
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