Peoples Financial Services Corp. (NASDAQ:PFIS) Declares Quarterly Dividend of $0.62

Peoples Financial Services Corp. (NASDAQ:PFIS) announced a quarterly dividend on Friday, October 25th,Zacks Dividends reports. Investors of record on Friday, November 29th will be given 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 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% meaning 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

Shares of Peoples Financial Services stock traded down $1.93 during trading on Wednesday, hitting $56.83. 69,689 shares of the company’s stock traded hands, compared to its average volume of 32,779. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.93 and a quick ratio of 0.93. Peoples Financial Services has a 1 year low of $36.26 and a 1 year high of $59.70. The stock has a market capitalization of $567.73 million, a P/E ratio of 55.18 and a beta of 0.50. The business has a 50-day simple moving average of $48.81 and a 200-day simple moving average of $45.41.

Peoples Financial Services (NASDAQ:PFIS) last announced its earnings results on Tuesday, November 5th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.56. The business had revenue of $74.01 million for the quarter. Peoples Financial Services had a return on equity of 7.73% and a net margin of 3.00%. As a group, analysts forecast that Peoples Financial Services will post 3.43 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on PFIS shares. StockNews.com raised Peoples Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Hovde Group raised their target price 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.