Peoples Financial Services (NASDAQ:PFIS) Upgraded at StockNews.com

Peoples Financial Services (NASDAQ:PFIS) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Peoples Financial Services Price Performance

Peoples Financial Services stock opened at $54.71 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.92 and a current ratio of 0.92. 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’s 50 day simple moving average is $46.75 and its 200-day simple moving average is $43.92. Peoples Financial Services has a 1 year low of $36.26 and a 1 year high of $55.64.

Peoples Financial Services (NASDAQ:PFIS) last announced its earnings results 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 during the quarter. Peoples Financial Services had a return on equity of 5.93% and a net margin of 10.07%. As a group, equities research analysts expect that Peoples Financial Services will post 3.45 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PFIS. SG Americas Securities LLC acquired a new position in Peoples Financial Services in the third quarter valued at approximately $149,000. BNP Paribas Financial Markets lifted its position in shares of Peoples Financial Services by 87.7% during the 1st quarter. BNP Paribas Financial Markets now owns 3,400 shares of the financial services provider’s stock worth $147,000 after buying an additional 1,589 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Peoples Financial Services by 2.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 8,749 shares of the financial services provider’s stock worth $398,000 after buying an additional 220 shares during the last quarter. Quadrature Capital Ltd boosted its holdings in shares of Peoples Financial Services by 46.7% in the 1st quarter. Quadrature Capital Ltd now owns 10,707 shares of the financial services provider’s stock valued at $460,000 after buying an additional 3,409 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Peoples Financial Services by 14.5% in the 2nd quarter. Rhumbline Advisers now owns 12,450 shares of the financial services provider’s stock valued at $567,000 after buying an additional 1,576 shares during the last quarter. Hedge funds and other institutional investors own 31.67% of the company’s stock.

Peoples Financial Services Company 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.