Peoples Financial Services Corp. (PFIS) to Issue Quarterly Dividend of $0.62 on June 13th

Peoples Financial Services Corp. (NASDAQ:PFIS) declared a quarterly dividend on Friday, April 25th, RTT News reports. Investors of record on Friday, May 30th will be given a dividend of 0.6175 per share by the financial services provider on Friday, June 13th. This represents a $2.47 annualized dividend and a dividend yield of 5.76%.

Peoples Financial Services has raised its dividend by an average of 11.1% per year over the last three years. Peoples Financial Services has a dividend payout ratio of 41.2% meaning its dividend is sufficiently covered by earnings.

Peoples Financial Services Stock Performance

NASDAQ PFIS opened at $42.85 on Friday. The firm’s fifty day moving average price is $44.88 and its two-hundred day moving average price is $49.09. Peoples Financial Services has a 1 year low of $37.41 and a 1 year high of $59.70. The firm has a market capitalization of $428.37 million, a P/E ratio of 37.92 and a beta of 0.57. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32.

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

Insider Transactions at Peoples Financial Services

In related news, Director Richard S. Lochen, Jr. bought 1,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $47.12 per share, for a total transaction of $47,120.00. Following the purchase, the director now owns 17,129 shares in the company, valued at $807,118.48. This represents a 6.20 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.10% of the stock is currently owned by corporate insiders.

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.