NasdaqGS:PFIS

Stock Analysis Report

Peoples Financial Services

Executive Summary

Peoples Financial Services Corp. operates as the bank holding company for Peoples Security Bank and Trust Company that provides financial services.


Snowflake Analysis

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has Peoples Financial Services's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PFIS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.4%

PFIS

-7.0%

US Banks

-2.6%

US Market


1 Year Return

-19.6%

PFIS

-32.9%

US Banks

-13.3%

US Market

Return vs Industry: PFIS exceeded the US Banks industry which returned -34.8% over the past year.

Return vs Market: PFIS underperformed the US Market which returned -15.9% over the past year.


Shareholder returns

PFISIndustryMarket
7 Day-5.4%-7.0%-2.6%
30 Day-15.6%-24.6%-15.2%
90 Day-28.0%-41.9%-22.2%
1 Year-17.1%-19.6%-30.8%-32.9%-11.5%-13.3%
3 Year-6.6%-14.6%-21.4%-27.3%13.2%5.7%
5 Year0.9%-13.5%2.7%-9.2%31.8%17.2%

Price Volatility Vs. Market

How volatile is Peoples Financial Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Peoples Financial Services undervalued compared to its fair value and its price relative to the market?

23.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PFIS ($35.69) is trading below our estimate of fair value ($46.9)

Significantly Below Fair Value: PFIS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PFIS is poor value based on its PE Ratio (10.3x) compared to the Banks industry average (8.5x).

PE vs Market: PFIS is good value based on its PE Ratio (10.3x) compared to the US market (12.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PFIS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PFIS is overvalued based on its PB Ratio (0.9x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is Peoples Financial Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-2.8%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Peoples Financial Services has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Peoples Financial Services performed over the past 5 years?

8.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PFIS has high quality earnings.

Growing Profit Margin: PFIS's current net profit margins (30.4%) are lower than last year (31%).


Past Earnings Growth Analysis

Earnings Trend: PFIS's earnings have grown by 8.6% per year over the past 5 years.

Accelerating Growth: PFIS's earnings growth over the past year (3.3%) is below its 5-year average (8.6% per year).

Earnings vs Industry: PFIS earnings growth over the past year (3.3%) underperformed the Banks industry 10.9%.


Return on Equity

High ROE: PFIS's Return on Equity (8.6%) is considered low.


Next Steps

Financial Health

How is Peoples Financial Services's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: PFIS's level of assets compared to its equity is low.

Allowance for Bad Loans: PFIS has a sufficient allowance for bad loans.

Low Risk Liabilities: PFIS's liabilities are made up of primarily low risk sources of funding.

Loan Level: PFIS has an acceptable proportion of non-loan assets held.

Low Risk Deposits: PFIS's loans are broadly funded by customer deposits.

Level of Bad Loans: PFIS has an appropriate level of bad loans (0.52%)


Next Steps

Dividend

What is Peoples Financial Services's current dividend yield, its reliability and sustainability?

4.03%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PFIS's dividend (4.03%) is higher than the bottom 25% of dividend payers in the US market (2.07%).

High Dividend: PFIS's dividend (4.03%) is low compared to the top 25% of dividend payers in the US market (5.82%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, PFIS has been paying a dividend for less than 10 years.

Growing Dividend: PFIS's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (39.4%), PFIS's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.0yrs

Average management tenure


CEO

Craig Best (58yo)

6.42s

Tenure

US$918,397

Compensation

Mr. Craig W. Best has been the Chief Executive Officer and President of Penseco Financial Services Corporation and Peoples Security Bank & Trust Company since January 3, 2006. The Company has concluded tha ...


CEO Compensation Analysis

Compensation vs Market: Craig's total compensation ($USD918.40K) is below average for companies of similar size in the US market ($USD1.51M).

Compensation vs Earnings: Craig's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Craig Best
President6.42yrsUS$918.40k0.34% $888.5k
John Anderson
Executive VP & CFO2.83yrsUS$204.38k0.029% $76.0k
Thomas Tulaney
Senior EVP & COO2.83yrsUS$626.30k0.37% $963.2k
Neal Koplin
Senior EVP & Chief Banking Officer5.67yrsUS$465.76k0.044% $116.7k
Susan Hubble
Executive VP & Chief Information Officer0.33yrno data0.0080% $21.2k
Marie Luciani
Investor Relations Officer6.25yrsno datano data
Lynn M. Thiel
Executive VP & Chief Retail Officer20.25yrsUS$157.05k0.036% $94.2k
Debra Adams
Executive VPno dataUS$197.97k0.13% $341.2k
Joseph Ferretti
Executive VP & Northeast Market President6.33yrsUS$306.12k0.059% $156.1k
Timothy Kirtley
Executive VP & Chief Risk Officerno datano data0.011% $30.0k

6.0yrs

Average Tenure

58yo

Average Age

Experienced Management: PFIS's management team is seasoned and experienced (6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Craig Best
President6.42yrsUS$918.40k0.34% $888.5k
Robert Naismith
Independent Director6.42yrsUS$45.27k0.55% $1.5m
James Keisling
Independent Director6.42yrsUS$50.25k0.83% $2.2m
James Nicholas
Independent Director6.42yrsUS$55.58k0.36% $944.0k
Steven Weinberger
Director6.42yrsUS$40.07k0.52% $1.4m
George Stover
Independent Director28.25yrsUS$48.63k1.01% $2.6m
Richard Lochen
Independent Director17.25yrsUS$50.68k0.16% $419.6k
William Aubrey
Independent Chairman of the Board11.92yrsUS$59.97k0.53% $1.4m
Ronald Kukuchka
Independent Director12.92yrsUS$40.97k0.37% $976.6k
Joseph Wright
Independent Director10.67yrsUS$50.06k0.43% $1.1m

8.5yrs

Average Tenure

66yo

Average Age

Experienced Board: PFIS's board of directors are considered experienced (8.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PFIS insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Peoples Financial Services Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Peoples Financial Services Corp.
  • Ticker: PFIS
  • Exchange: NasdaqGS
  • Founded: 1905
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$263.325m
  • Shares outstanding: 7.39m
  • Website: https://www.psbt.com

Number of Employees


Location

  • Peoples Financial Services Corp.
  • 150 North Washington Avenue
  • Scranton
  • Pennsylvania
  • 18503
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PFISNasdaqGS (Nasdaq Global Select)YesNew Common StockUSUSDDec 2013

Biography

Peoples Financial Services Corp. operates as the bank holding company for Peoples Security Bank and Trust Company that provides financial services. The company accepts money market, NOW, savings, individual retirement, demand deposit, and certificates of deposit accounts. Its loan products include residential real estate, automobile, manufactured housing, personal, student, 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. The company also 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. In addition, 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. Further, 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. Additionally, it provides various other services, including remote deposit capture; automatic clearing house transactions; cash management services; automated teller machines; point of sale transactions; safe deposit boxes; night depository services; direct deposit; and official check services. The company serves business, non-profit, governmental, municipal agency, and professional customers, as well as retail customers through 27 full-service community banking offices located in Pennsylvania; and Broome County of New York. Peoples Financial Services Corp. was founded in 1905 and is headquartered in Scranton, Pennsylvania. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/07 01:41
End of Day Share Price2020/04/06 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.