Peoples Financial Services (PFIS) Expected to Announce Earnings on Thursday

Peoples Financial Services (NASDAQ:PFIS) is projected to announce its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $1.16 per share and revenue of $45.60 million for the quarter.

Peoples Financial Services (NASDAQ:PFIS) last posted its quarterly earnings results 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. Peoples Financial Services had a return on equity of 7.73% and a net margin of 3.00%. The company had revenue of $74.01 million during the quarter. On average, analysts expect Peoples Financial Services to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Peoples Financial Services Stock Up 2.2 %

PFIS opened at $52.06 on Wednesday. Peoples Financial Services has a fifty-two week low of $36.26 and a fifty-two week high of $59.70. The business has a 50-day moving average of $52.04 and a 200-day moving average of $49.14. 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 company has a market capitalization of $520.08 million, a PE ratio of 50.54 and a beta of 0.56.

Peoples Financial Services Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.6175 dividend. This represents a $2.47 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend is Friday, February 28th. Peoples Financial Services’s dividend payout ratio (DPR) is currently 239.81%.

Analysts Set New Price Targets

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