Stock News Alert: Peoples Financial Services Corp. (NASDAQ:PFIS)

Peoples Financial Services Corp. (NASDAQ:PFIS) stock observed trading -18.49% off 52-week high price. On the other end, the stock has been noted 9.80% away from low price over the last 52-weeks. The stock disclosed a move of -10.57% away from 50 day moving average and -5.77% away from 200 day moving average. Moving closer, we can see that shares have been trading -8.00% off 20-day moving average. It has market cap of $325.01M and dividend yield of 3.19%.

On Feb. 28, 2020, Peoples Financial Services Corp. (NASDAQ:PFIS) the bank holding company for Peoples Security Bank and Trust Company, declared that its board of directors has authorized a stock repurchase plan providing for the purchase of up to 225,000 shares of its outstanding common stock.  The timing, price and volume of repurchases will be based on market conditions, relevant securities laws and other factors.  The stock repurchases may be made from time to time on the open market or in privately negotiated transactions.  The stock repurchase program does not require Peoples to repurchase any specific number of shares, and Peoples may terminate the repurchase program at any time.  As of the date of this release, Peoples has approximately 7,388,480 shares of common stock outstanding.

Peoples Financial Services Corp. is the parent company of Peoples Security Bank and Trust Company, an independent community bank serving Berks, Bucks, Carbon, Lackawanna, Lehigh, Lebanon, Luzerne, Monroe, Montgomery, Northampton, Schuylkill, Susquehanna, Wayne and Wyoming Counties in Pennsylvania and Broome County in New York through 28 offices. Each office, interdependent with the community, offers a comprehensive array of financial products and services to individuals, businesses, not-for-profit organizations and government entities. The Bank’s business philosophy includes offering direct access to senior management and other officers and providing friendly, informed and courteous service, local and timely decision making, flexible and reasonable operating procedures and consistently applied credit policies.

The USA based company Peoples Financial Services Corp. moved with change of -3.05% to $43.92 with the total traded volume of 18715 shares in recent session versus to an average volume of 7.53K. The stock was observed in the 5 days activity at -7.75%. The one month performance of stock was -8.08%. PFIS’s shares are at -11.15% for the quarter and driving a 0.39% return over the course of the past year and is now at -12.77% since this point in 2018.  Right now the stock beta is 0.32. The average volatility for the week and month was at 3.33% and 1.85% respectively. There are 7.40M shares outstanding and 6.84M shares are floated in market.

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