Peoples Financial Services Corp. (PFIS) To Go Ex-Dividend on February 28th

Peoples Financial Services Corp. (NASDAQ:PFIS) announced a quarterly dividend on Friday, January 31st, Wall Street Journal reports. Investors of record on Friday, February 28th will be paid a dividend of 0.6175 per share by the financial services provider on Friday, March 14th. This represents a $2.47 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend is Friday, February 28th.

Peoples Financial Services has increased its dividend payment by an average of 11.1% per year over the last three years. Peoples Financial Services has a payout ratio of 39.5% indicating that its dividend is sufficiently covered by earnings.

Peoples Financial Services Stock Up 1.0 %

Shares of NASDAQ PFIS opened at $48.74 on Wednesday. The firm has a fifty day simple moving average of $50.81 and a two-hundred day simple moving average of $49.59. Peoples Financial Services has a 12 month low of $36.26 and a 12 month high of $59.70. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $487.16 million, a PE ratio of 43.13 and a beta of 0.56.

Peoples Financial Services (NASDAQ:PFIS) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.17). Peoples Financial Services had a net margin of 3.70% and a return on equity of 8.97%. Equities analysts expect that Peoples Financial Services will post 5.92 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. StockNews.com upgraded Peoples Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Stephens raised Peoples Financial Services from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Finally, Hovde Group boosted their target price on shares of Peoples Financial Services from $48.00 to $53.00 and gave the company a “market perform” rating in a report on Monday, November 11th.

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.