Peoples Financial Services Corp. (NASDAQ:PFIS) announced a quarterly dividend on Monday, July 31st, Wall Street Journal reports. Shareholders of record on Thursday, August 31st will be paid a dividend of 0.32 per share by the financial services provider on Friday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Tuesday, August 29th. This is a positive change from Peoples Financial Services Corp.’s previous quarterly dividend of $0.31.
Shares of Peoples Financial Services Corp. (PFIS) traded down 1.68% during mid-day trading on Friday, reaching $39.68. 2,828 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $42.41 and its 200-day moving average is $42.22. The stock has a market cap of $293.47 million, a price-to-earnings ratio of 14.48 and a beta of 0.90. Peoples Financial Services Corp. has a 52-week low of $38.19 and a 52-week high of $50.54.
Separately, BidaskClub downgraded Peoples Financial Services Corp. from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th.
Peoples Financial Services Corp. announced that its board has authorized a share buyback program on Monday, May 1st that permits the company to repurchase 230,000 shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In other Peoples Financial Services Corp. news, EVP Thomas P. Tulaney sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $42.98, for a total value of $171,920.00. Following the completion of the sale, the executive vice president now owns 9,678 shares in the company, valued at $415,960.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.30% of the company’s stock.
About Peoples Financial Services Corp.
Peoples Financial Services Corp. is a bank holding company. The Company provides a range of financial services through its subsidiary, Peoples Security Bank and Trust Company (Peoples Bank), including its subsidiary, Peoples Advisors, LLC. Peoples Bank is a state-chartered bank and trust company. Peoples Advisors, LLC, provides investment advisory services through a third party to individuals and small businesses.
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