Bank of New York Mellon Corp Has $2.15 Million Stock Holdings in Peoples Financial Services Corp. (NASDAQ:PFIS)

Bank of New York Mellon Corp lifted its holdings in shares of Peoples Financial Services Corp. (NASDAQ:PFIS) by 19.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,178 shares of the financial services provider’s stock after purchasing an additional 7,831 shares during the quarter. Bank of New York Mellon Corp owned 0.67% of Peoples Financial Services worth $2,148,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PFIS. BNP Paribas Financial Markets grew its position in shares of Peoples Financial Services by 87.7% in the 1st quarter. BNP Paribas Financial Markets now owns 3,400 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 1,589 shares during the period. Empowered Funds LLC grew its stake in Peoples Financial Services by 7.8% during the first quarter. Empowered Funds LLC now owns 26,612 shares of the financial services provider’s stock worth $1,147,000 after buying an additional 1,925 shares in the last quarter. Quadrature Capital Ltd raised its position in Peoples Financial Services by 46.7% during the first quarter. Quadrature Capital Ltd now owns 10,707 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 3,409 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Peoples Financial Services during the 4th quarter worth $281,000. Finally, Vanguard Group Inc. grew its holdings in shares of Peoples Financial Services by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 322,786 shares of the financial services provider’s stock valued at $13,915,000 after purchasing an additional 6,776 shares during the last quarter. Institutional investors own 31.67% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard S. Lochen, Jr. bought 1,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $43.90 per share, for a total transaction of $43,900.00. Following the purchase, the director now directly owns 15,555 shares in the company, valued at $682,864.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have purchased 1,604 shares of company stock valued at $73,008. 4.10% of the stock is owned by company insiders.

Peoples Financial Services Stock Down 0.3 %

Shares of NASDAQ:PFIS opened at $47.25 on Wednesday. The firm has a market cap of $333.44 million, a P/E ratio of 14.49 and a beta of 0.51. Peoples Financial Services Corp. has a 52-week low of $36.26 and a 52-week high of $51.00. The business’s 50 day simple moving average is $46.16 and its two-hundred day simple moving average is $42.09. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.92 and a current ratio of 0.92.

Peoples Financial Services (NASDAQ:PFIS) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. Peoples Financial Services had a return on equity of 5.93% and a net margin of 10.07%. The firm had revenue of $41.92 million during the quarter. As a group, research analysts forecast that Peoples Financial Services Corp. will post 3.45 EPS for the current fiscal year.

Peoples Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.618 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.47 annualized dividend and a yield of 5.23%. This is a positive change from Peoples Financial Services’s previous quarterly dividend of $0.41. Peoples Financial Services’s dividend payout ratio is presently 75.77%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Peoples Financial Services from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th.

Peoples Financial Services Profile

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.