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

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

Peoples Financial Services has raised its dividend payment by an average of 4.4% annually over the last three years. Peoples Financial Services has a dividend payout ratio of 41.6% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

NASDAQ:PFIS traded down $1.93 during trading hours 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 twelve month low of $36.26 and a twelve month 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 stock has a fifty day simple moving average of $48.81 and a 200-day simple moving average of $45.41. The company has a market capitalization of $567.73 million, a P/E ratio of 55.18 and a beta of 0.50.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.56. Peoples Financial Services had a net margin of 3.00% and a return on equity of 7.73%. The business had revenue of $74.01 million during the quarter. On average, analysts anticipate that Peoples Financial Services will post 3.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Hovde Group lifted their price target on Peoples Financial Services from $48.00 to $53.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. StockNews.com upgraded shares of Peoples Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th.

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.