Peoples Financial Services (NASDAQ:PFIS) Posts Earnings Results, Beats Expectations By $0.56 EPS

Peoples Financial Services (NASDAQ:PFIS) posted its quarterly earnings results on Tuesday. The financial services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.08 by $0.56, Zacks reports. The business had revenue of $74.01 million during the quarter. Peoples Financial Services had a net margin of 10.07% and a return on equity of 5.93%.

Peoples Financial Services Stock Performance

PFIS stock opened at $54.71 on Thursday. The firm has a 50 day moving average of $46.75 and a two-hundred day moving average of $43.92. Peoples Financial Services has a 12 month low of $36.26 and a 12 month high of $55.64. The company has a market capitalization of $546.01 million, a price-to-earnings ratio of 22.70 and a beta of 0.50. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.17.

Peoples Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.618 per share. This represents a $2.47 annualized dividend and a yield of 4.52%. The ex-dividend date is Friday, November 29th. Peoples Financial Services’s payout ratio is presently 102.49%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Peoples Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday.

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.