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, NOW, savings, individual retirement, demand deposit, and certificates of deposit accounts. It also provides residential real estate, automobile, manufactured housing, personal, and home equity loans; and commercial real estate, working capital, construction, small business administration, and agricultural loans, as well as loans for equipment and other commercial needs, and mineral rights. In addition, the company offers investment management, IRA trustee, estate administration, living and life insurance trust, trustee under will, guardianship, custodial/IRA custodial, and corporate trust services, as well as pension and profit sharing plans. Further, it provides investment portfolio management, estate and business succession planning, annuities, insurance, retirement plan, and tax planning, as well as education funding strategies; and securities and brokerage, and investor services. Additionally, the company offers small business checking and merchant money market accounts, online and telephone banking, business credit cards, merchant line of credit, and financial checkup services; and remote deposit capture, automatic clearing house transaction, cash management, automated teller machine, point of sale transaction, safe deposit box, night depository, direct deposit, and official check services. It serves business, non-profit, governmental, municipal agency, and professional customers, as well as retail customers through 26 full-service community banking offices located in Lackawanna, Lebanon, Lehigh, Luzerne, Monroe, Montgomery, Northampton, Susquehanna, and Wyoming Counties of Pennsylvania, as well as Broome County of New York. The company was founded in 1905 and is headquartered in Scranton, Pennsylvania.
IPO Year:
Exchange: NASDAQ
Website: psbt.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/11/2024 | $48.00 → $53.00 | Market Perform | Hovde Group |
| 5/6/2024 | $48.00 → $43.00 | Market Perform | Hovde Group |
| 7/27/2022 | $56.00 | Overweight → Equal-Weight | Stephens |
| 3/29/2022 | $57.00 | Overweight | Stephens |
Hovde Group reiterated coverage of Peoples Financial Services with a rating of Market Perform and set a new price target of $53.00 from $48.00 previously
Hovde Group reiterated coverage of Peoples Financial Services with a rating of Market Perform and set a new price target of $43.00 from $48.00 previously
Stephens downgraded Peoples Financial Services from Overweight to Equal-Weight and set a new price target of $56.00
Stephens initiated coverage of Peoples Financial Services with a rating of Overweight and set a new price target of $57.00
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SCRANTON, Pa., March 22, 2022 /PRNewswire/ -- On March 4, 2022, Peoples Financial Services Corp., the holding company for Peoples Security Bank and Trust Company, is pleased to announce the appointment of Elisa (Lisa) Zúñiga Ramirez to its Board of Directors. As a result of Ms. Ramirez's appointment, the Board of Directors was increased from seven members to eight members. Ms. Ramirez brings more than 30 years of executive-level experience in institutional investing and capital markets with a proven track record of value creation. Until her retirement in 2020, she was Senior
SCRANTON, Pa., Nov. 5, 2024 /PRNewswire/ -- Peoples Financial Services Corp. ("Peoples" or the "Company") (NASDAQ:PFIS), the bank holding company for Peoples Security Bank and Trust Company, today reported unaudited financial results at and for the three and nine months ended September 30, 2024. Peoples reported a net loss of $4.3 million, or $0.43 per diluted share for the three months ended September 30, 2024, compared to net income of $6.7 million, or $0.95 per diluted share for the comparable period of 2023. Quarterly net income decreased primarily due to the non-recurring
SCRANTON, Pa., Oct. 25, 2024 /PRNewswire/ -- The Board of Directors of Peoples Financial Services Corp. ("Peoples") (NASDAQ:PFIS) declared a fourth quarter cash dividend of $0.6175 per share. The dividend is payable December 13, 2024 to shareholders of record November 29, 2024. The dividend of $0.6175 per share represents an increase of 50.6% compared to the dividend declared in the fourth quarter of 2023. Peoples Financial Services Corp. is the bank holding company of Peoples Security Bank and Trust Company, an independent community bank serving its retail and commercial cust
SCRANTON, Pa., July 26, 2024 /PRNewswire/ -- The Board of Directors of Peoples Financial Services Corp. ("Peoples") (NASDAQ:PFIS) declared a third quarter cash dividend of $0.6175 per share. The dividend is payable September 13, 2024 to shareholders of record August 30, 2024. The dividend of $0.6175 per share represents an increase of 50.6% compared to the dividend declared in the second quarter of 2024 and the third quarter in the prior year. On July 1, 2024, Peoples completed the previously announced merger of FNCB Bancorp, Inc. ("FNCB") with and into Peoples. The increase to the dividend was contemplated as part of the Agreement and Plan of Merger between Peoples and FNCB.
SCRANTON, Pa., July 25, 2024 /PRNewswire/ -- Peoples Financial Services Corp. ("Peoples" or the "Company") (NASDAQ:PFIS), the bank holding company for Peoples Security Bank and Trust Company, today reported unaudited financial results at and for the three and six months ended June 30, 2024. Peoples reported net income of $3.3 million, or $0.46 per diluted share for the three months ended June 30, 2024, a 65.2% decrease when compared to $9.4 million, or $1.31 per diluted share for the comparable period of 2023. Quarterly net income included lower net interest income of $3.2 mil
DUNMORE, Pa., April 30, 2024 (GLOBE NEWSWIRE) -- FNCB Bancorp, Inc. (NASDAQ:FNCB, www.fncb.com))), the parent company of Dunmore-based FNCB Bank (the "Bank" and collectively, "FNCB") today reported net income of $3.5 million, or $0.18 per diluted shares, for the first quarter of 2024, an increase of $869 thousand, or 32.6%, compared to $2.7 million or $0.14 per diluted share, for the same period of 2023. The earnings improvement was primarily due to a $1.6 million increase in net interest income, partially offset by increases in the provision for credit losses of $511 thousand and non-interest expense of $266 thousand. For the three months ended March 31, 2024, the annualized return on ave
SCRANTON, Pa., April 26, 2024 /PRNewswire/ -- The Board of Directors of Peoples Financial Services Corp. (NASDAQ:PFIS) declared a second quarter dividend of $0.41 per share. The $0.41 per share dividend represents the same per share dividend declared and paid in the first quarter of 2024 and the second quarter of 2023. The dividend is payable June 14, 2024 to shareholders of record May 31, 2024. Peoples Financial Services Corp. (the "Company") is the parent company of Peoples Security Bank and Trust Company (the "Bank"), an independent community bank serving its retail and com
SCRANTON, Pa., April 25, 2024 /PRNewswire/ -- Peoples Financial Services Corp. ("Peoples") (NASDAQ:PFIS), the bank holding company for Peoples Security Bank and Trust Company, today reported unaudited financial results at and for the three months ended March 31, 2024. Peoples reported net income of $3.5 million, or $0.49 per diluted share for the three months ended March 31, 2024, a 54.3% decrease when compared to $7.6 million, or $1.05 per diluted share for the comparable period of 2023. Quarterly net income included lower net interest income of $3.7 million due primarily to
DUNMORE, Pa., Jan. 30, 2024 (GLOBE NEWSWIRE) -- FNCB Bancorp, Inc. (NASDAQ:FNCB, www.fncb.com))), the parent company of Dunmore-based FNCB Bank (the "Bank" and collectively, "FNCB") today reported net income of $13.0 million, or $0.66 per diluted shares, for 2023, compared to $20.4 million or $1.03 per diluted share, for 2022. The 36.5% reduction in net income was primarily due to a $6.1 million decrease in net interest income, which largely reflected higher deposit costs and greater utilization of wholesale funds. Also impacting year-to-date net income was a $1.3 million decrease in non-interest income and a $1.4 million increase in non-interest expense. These reductions to earnings were
SCRANTON, Pa., Jan. 26, 2024 /PRNewswire/ -- The Board of Directors of Peoples Financial Services Corp. (NASDAQ:PFIS) declared a first quarter dividend of $0.41 per share. The $0.41 dividend represents the same amount of dividend declared in the first quarter of 2023. The dividend is payable March 15, 2024 to shareholders of record February 29, 2024. Peoples Financial Services Corp. (the "Company") is the parent company of Peoples Security Bank and Trust Company (the "Bank"), an independent community bank serving its retail and commercial customers through twenty-eight full-se
SCRANTON, Pa., Jan. 25, 2024 /PRNewswire/ -- Peoples Financial Services Corp. ("Peoples") (NASDAQ:PFIS), the bank holding company for Peoples Security Bank and Trust Company, today reported unaudited financial results at and for the three and twelve months ended December 31, 2023. Peoples reported net income of $3.6 million, or $0.51 per diluted share for the three months ended December 31, 2023, a 60.3% decrease when compared to $9.1 million, or $1.27 per diluted share for the comparable period of 2022. Quarterly net income included lower net interest income of $4.1 million d
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SCRANTON, Pa., Nov. 5, 2024 /PRNewswire/ -- Peoples Financial Services Corp. ("Peoples" or the "Company") (NASDAQ:PFIS), the bank holding company for Peoples Security Bank and Trust Company, today reported unaudited financial results at and for the three and nine months ended September 30, 2024. Peoples reported a net loss of $4.3 million, or $0.43 per diluted share for the three months ended September 30, 2024, compared to net income of $6.7 million, or $0.95 per diluted share for the comparable period of 2023. Quarterly net income decreased primarily due to the non-recurring
SCRANTON, Pa., Oct. 25, 2024 /PRNewswire/ -- On October 25, 2024, the board of directors of Peoples Financial Services Corp. (the "Company") and Craig W. Best mutually agreed that Mr. Best would cease serving as Chief Executive Officer and director of the Company and its banking subsidiary, Peoples Security Bank and Trust Company (the "Bank"), effective December 31, 2024. The Company consummated a merger with FNCB Bancorp, Inc. on July 1, 2024, and it had been contemplated that Mr. Best would remain as an officer of the Company and the Bank through the first anniversary of the
SCRANTON, Pa., Oct. 25, 2024 /PRNewswire/ -- The Board of Directors of Peoples Financial Services Corp. ("Peoples") (NASDAQ:PFIS) declared a fourth quarter cash dividend of $0.6175 per share. The dividend is payable December 13, 2024 to shareholders of record November 29, 2024. The dividend of $0.6175 per share represents an increase of 50.6% compared to the dividend declared in the fourth quarter of 2023. Peoples Financial Services Corp. is the bank holding company of Peoples Security Bank and Trust Company, an independent community bank serving its retail and commercial cust
SCRANTON, Pa., July 30, 2024 /PRNewswire/ -- Peoples Financial Services Corp. ("PFIS") (NASDAQ:PFIS) today announced that Craig Best, CEO, and Jerry Champi, President, will ring the 4:00 PM ET closing bell at the NASDAQ Stock Market in Times Square, New York, NY, on Tuesday, July 30, 2024. This ceremony will commemorate the recent merger of FNCB Bancorp, Inc. ("FNCB") with and into PFIS, and the merger of FNCB Bank with and into Peoples Security Bank and Trust Company ("PSBT"), effective July 1, 2024. Members of the PFIS Board of Directors, PSBT management team, and employees will also be in attendance.
SCRANTON, Pa., July 26, 2024 /PRNewswire/ -- The Board of Directors of Peoples Financial Services Corp. ("Peoples") (NASDAQ:PFIS) declared a third quarter cash dividend of $0.6175 per share. The dividend is payable September 13, 2024 to shareholders of record August 30, 2024. The dividend of $0.6175 per share represents an increase of 50.6% compared to the dividend declared in the second quarter of 2024 and the third quarter in the prior year. On July 1, 2024, Peoples completed the previously announced merger of FNCB Bancorp, Inc. ("FNCB") with and into Peoples. The increase to the dividend was contemplated as part of the Agreement and Plan of Merger between Peoples and FNCB.
SCRANTON, Pa., July 25, 2024 /PRNewswire/ -- Peoples Financial Services Corp. ("Peoples" or the "Company") (NASDAQ:PFIS), the bank holding company for Peoples Security Bank and Trust Company, today reported unaudited financial results at and for the three and six months ended June 30, 2024. Peoples reported net income of $3.3 million, or $0.46 per diluted share for the three months ended June 30, 2024, a 65.2% decrease when compared to $9.4 million, or $1.31 per diluted share for the comparable period of 2023. Quarterly net income included lower net interest income of $3.2 mil
SCRANTON, Pa. and DUNMORE, Pa., July 1, 2024 /PRNewswire/ -- Peoples Financial Services Corp. ("Peoples") (NASDAQ:PFIS) today announced the completion of the merger of FNCB Bancorp, Inc. ("FNCB") with and into Peoples, and the merger of FNCB Bank with and into Peoples Security Bank and Trust Company ("Peoples Bank"), effective July 1, 2024. "The completion of this merger unites two dynamic institutions to create a leading, $5.6 billion community bank with operations in Pennsylvania, New York and New Jersey," said Craig Best, Chief Executive Officer and Director of Peoples and
SCRANTON, Pa. and DUNMORE, Pa., June 14, 2024 /PRNewswire/ -- Peoples Financial Services Corp. ("Peoples") (NASDAQ:PFIS) and FNCB Bancorp, Inc. ("FNCB") (NASDAQ:FNCB) today announced receipt of all required regulatory approvals or waivers necessary to complete the previously announced merger of FNCB with and into Peoples, with Peoples as the surviving corporation, pursuant to the Agreement and Plan of Merger, dated as of September 27, 2023, by and between Peoples and FNCB. The merger is expected to close on July 1, 2024, pending satisfaction of customary closing conditions. Ab
DUNMORE, Pa., April 30, 2024 (GLOBE NEWSWIRE) -- FNCB Bancorp, Inc. (NASDAQ:FNCB, www.fncb.com))), the parent company of Dunmore-based FNCB Bank (the "Bank" and collectively, "FNCB") today reported net income of $3.5 million, or $0.18 per diluted shares, for the first quarter of 2024, an increase of $869 thousand, or 32.6%, compared to $2.7 million or $0.14 per diluted share, for the same period of 2023. The earnings improvement was primarily due to a $1.6 million increase in net interest income, partially offset by increases in the provision for credit losses of $511 thousand and non-interest expense of $266 thousand. For the three months ended March 31, 2024, the annualized return on ave
SCRANTON, Pa., April 26, 2024 /PRNewswire/ -- The Board of Directors of Peoples Financial Services Corp. (NASDAQ:PFIS) declared a second quarter dividend of $0.41 per share. The $0.41 per share dividend represents the same per share dividend declared and paid in the first quarter of 2024 and the second quarter of 2023. The dividend is payable June 14, 2024 to shareholders of record May 31, 2024. Peoples Financial Services Corp. (the "Company") is the parent company of Peoples Security Bank and Trust Company (the "Bank"), an independent community bank serving its retail and com
Stephens & Co. analyst Matt Breese maintains Peoples Financial Servs (NASDAQ:PFIS) with a Equal-Weight and lowers the price target from $50 to $47.
Peoples Financial Servs (NASDAQ:PFIS) reported quarterly earnings of $0.55 per share which missed the analyst consensus estimate of $0.65 by 15.38 percent. This is a 47.12 percent decrease over earnings of $1.04 per share from the same period last year.
Peoples Financial Services Corp. ("Peoples") (NASDAQ:PFIS) and FNCB Bancorp, Inc. ("FNCB") (NASDAQ:FNCB) today announced that at special meetings of their respective shareholders held on March 22, 2024, Peoples and FNCB shareholders approved the merger of FNCB with and into Peoples, with Peoples as the surviving corporation pursuant to the Agreement and Plan of Merger, dated as of September 27, 2023, by and between Peoples and FNCB. The closing of the proposed merger remains subject to regulatory approvals and certain other customary closing conditions.
Peoples Financial Servs (NASDAQ:PFIS) reported quarterly earnings of $0.61 per share which missed the analyst consensus estimate of $0.91 by 32.97 percent. This is a 59.06 percent decrease over earnings of $1.49 per share from the same period last year.
What Defines a Value Stock? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Below is a list of notable value stocks in the financial services sector: Main Street Capital (NYSE:MAIN) - P/E: 8.94 WaFd (NASDAQ:WAFD) - P/E: 6.18 Peoples Financial Servs (NASDAQ:PFIS) - P/E: 7.96 Sound Financial Bancorp (NASDAQ:SFBC) - P/E: 9.16 Amalgamated Financial (NA
Peoples Financial Services Corp (NASDAQ:PFIS) penned a merger agreement with FNCB Bancorp Inc (NASDAQ:FNCB) in an all-stock deal valued at approximately $129.0 million. The transaction value is based on a 20-day volume-weighted average stock price for PFIS common stock of $44.13 as of September 26, 2023, resulting in an implied price to FNCB common shareholders of about $6.44 per share. The merger will create a bank holding company with nearly $5.5 billion in assets and a combined market capitalization of about $444 million. The combined bank will operate under the name "Peoples Financial Services Corp." and trade under the ticker "PFIS" on the Nasdaq Stock Market. As per the terms unan
Upon the completion of the merger, the FNCB shareholders would receive 0.1460 shares of Peoples common stock for each share of FNCB common stock they own. The deal resultis in an implied price per share to holders of FNCB Common Stock of approximately $6.44 per share. The transaction is projected to deliver 59% EPS accretion to Peoples 2025 estimated EPS and inclusive of all merger synergies, with a tangible book value earn-back period of 2.4 years.
Peoples Financial Servs (NASDAQ:PFIS) reported quarterly earnings of $1.31 per share which beat the analyst consensus estimate of $1.06 by 23.58 percent. This is a 0.77 percent increase over earnings of $1.30 per share from the same period last year. The company reported quarterly sales of $25.65 million which missed the analyst consensus estimate of $26.40 million by 2.85 percent. This is a 7.03 percent decrease over sales of $27.59 million the same period last year.
On Tuesday, 164 companies hit new 52-week lows. Significant Points From Today's 52-Week Lows: The largest company by market cap to hit a new 52-week low was Crown Castle (NYSE:CCI). Soligenix (NASDAQ:SNGX) was the smallest company by market cap to set a new 52-week low. PRA Group (NASDAQ:PRAA)'s stock made the biggest move downwards, diving 40.16% to reach a new 52-week low. Crown Castle (NYSE:CCI) was the biggest winner of the bunch, with shares actually trading up 0.0% after it rebounded from its new 52-week low. The following stocks created new 52-week lows on Tuesday: Crown Castle (NYSE:CCI) stock achieved a new 52-week low on Tuesday morning, hitting $114.49 and moving 0.
Peoples Financial Servs (NASDAQ:PFIS) reported quarterly earnings of $1.04 per share which beat the analyst consensus estimate of $1.02 by 1.96 percent. This is a 21.8 percent decrease over earnings of $1.33 per share from the same period last year. The company reported quarterly sales of $26.72 million which beat the analyst consensus estimate of $26.60 million by 0.44 percent. This is a 2.56 percent increase over sales of $26.05 million the same period last year.