Peoples Financial Services Corp. (PFIS) To Go Ex-Dividend on November 29th

Peoples Financial Services Corp. (NASDAQ:PFIS) declared a quarterly dividend on Friday, October 25th,Zacks Dividends reports. Stockholders 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 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Friday, November 29th.

Peoples Financial Services has raised its dividend by an average of 4.4% annually over the last three years. Peoples Financial Services has a dividend 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 Stock Performance

NASDAQ:PFIS traded down $1.93 during midday trading on Wednesday, hitting $56.83. The company’s stock had a trading volume of 69,689 shares, compared to its average volume of 32,779. Peoples Financial Services has a fifty-two week low of $36.26 and a fifty-two week high of $59.70. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $567.73 million, a P/E ratio of 55.18 and a beta of 0.50. The firm’s 50 day moving average is $48.81 and its 200-day moving average is $45.41.

Peoples Financial Services (NASDAQ:PFIS) last released its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.56. The firm 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%. Equities analysts anticipate that Peoples Financial Services will post 3.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PFIS. StockNews.com raised shares of Peoples Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Hovde Group increased their price target on Peoples Financial Services from $48.00 to $53.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th.

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.