Peoples Financial Services Corp. (NASDAQ:PFIS) to Issue $0.62 Quarterly Dividend

Peoples Financial Services Corp. (NASDAQ:PFIS) declared a quarterly dividend on Friday, October 25th,Zacks Dividends reports. Investors of record on Friday, November 29th will be paid a dividend of 0.618 per share by the financial services provider on Friday, December 13th. This represents a $2.47 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Friday, November 29th.

Peoples Financial Services has increased its dividend payment by an average of 4.4% per year over the last three years. Peoples Financial Services has a payout ratio of 41.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Peoples Financial Services to earn $5.49 per share next year, which means the company should continue to be able to cover its $2.47 annual dividend with an expected future payout ratio of 45.0%.

Peoples Financial Services Price Performance

Shares of NASDAQ:PFIS opened at $56.78 on Thursday. The firm has a market cap of $567.23 million, a PE ratio of 55.13 and a beta of 0.50. Peoples Financial Services has a 52 week low of $36.26 and a 52 week high of $59.70. The firm’s fifty day moving average is $48.99 and its 200-day moving average is $45.49. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.93.

Peoples Financial Services (NASDAQ:PFIS) last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.56. The company had revenue of $74.01 million for the quarter. Peoples Financial Services had a net margin of 3.00% and a return on equity of 7.73%. Sell-side analysts predict that Peoples Financial Services will post 3.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

PFIS has been the topic of several recent analyst reports. StockNews.com raised Peoples Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Hovde Group raised their price target on shares of Peoples Financial Services from $48.00 to $53.00 and gave the company 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.