Shares of the company are trading at $46.16 well above $41.63, the stock’s 50 day moving average and just above the 200 day moving average of $42.04. The 50 day moving average was up $4.53 and the 200 day average moved up $4.12. (NASDAQ:PFIS) shares saw heavy trading volume with 11K shares changing hands in the last trading session. Overall, volume was up 80.08% over the stocks normal daily volume.
Short traders are more bearish on shares of Peoples Financial Services Corp lately as evidenced by the motion in short interest. The firm experienced a rise in short interest of 8.42% as of the latest report on August 31, 2017. Short shares increased from 116,485 to 126,297 over that period. With short interest at 126,297 and short average daily volume at 5,928, the short-interest ratio is 21.0 and the percentage of shorted shares is 0.02% as of August 31.
There has been some selling insider activity on Peoples Financial Services Corp (NASDAQ:PFIS) recently. Thomas P. Tulaney, SR EVP, CHIEF OPERATING OFFICE reported the sale of 4,000 shares of (PFIS). The shares were purchased at an average price of $42.98. The SR EVP, CHIEF OPERATING OFFICE now owns $415,978 of the stock per the Form 4 SEC filing.
These firms have modified their investment in PFIS. As of quarter end Community Bank, N.a. had sold a total of 1,252 shares trimming its holdings by 45.2%. The value of the company’s investment in Peoples Financial Services Corp decreased from $116,000 to $66,000 a change of 43.1% quarter over quarter. As of the end of the quarter Ubs Group Ag had acquired 105 shares growing its stake by 45.5%. The value of the investment in Peoples Financial Services Corp went from $10,000 to $15,000 a change of $5,000 since the last quarter.
Creative Planning divested its investment by selling 200 shares a decrease of 1.8%. Creative Planning claims 10,880 shares valued at $476,000. The value of the position overall is up by 2.8%. As of the end of the quarter Tower Research Capital LLC (trc) had disposed of a total of 1,872 shares trimming its position 94.9%. The value of the investment in PFIS decreased from $77,000 to $4,000 decreasing 94.8% quarter to quarter.
The company is so far trading up from yesterday’s close of 45.32. Peoples Financial Services Corp also recently announced a dividend for shareholders which was paid on Friday the 15th of September 2017. The dividend was $0.320 per share for the quarter or $1.28 annualized. This dividend represents a yield of $2.87. The ex-dividend date was set for Tuesday the 29th of August 2017.
The company currently has a P/E ratio of 16.85 and the market cap of the company is 341.40M.
Peoples Financial Services Corp., launched on February 6, 1986, 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. It provides an array of wealth management products and services, which include investment portfolio management, estate planning, annuities, business succession planning, insurances, education funding strategies and tax planning through Peoples Advisors, LLC..