Peoples Financial Services
Market Cap
US$263.3m
Last Updated
2020/04/07 01:41 UTC
Data Sources
Company Financials
Executive Summary
Peoples Financial Services Corp. operates as the bank holding company for Peoples Security Bank and Trust Company that provides financial services.
Rewards
Risk Analysis
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
| PFIS | Industry | Market | |
|---|---|---|---|
| 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 Year | 0.9%-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
3 weeks ago | Simply Wall St
Is Peoples Financial Services Corp.'s (NASDAQ:PFIS) High P/E Ratio A Problem For Investors?1 month ago | Simply Wall St
Trade Alert: The Independent Chairman of the Board Of Peoples Financial Services Corp. (NASDAQ:PFIS), William Aubrey, Has Just Spent US$87k Buying Shares1 month ago | Simply Wall St
Should You Buy Peoples Financial Services Corp. (NASDAQ:PFIS) For Its Upcoming Dividend In 4 Days?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
- Examine whether Peoples Financial Services is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Banks industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.42yrs | US$918.40k | 0.34% $888.5k | |
| Executive VP & CFO | 2.83yrs | US$204.38k | 0.029% $76.0k | |
| Senior EVP & COO | 2.83yrs | US$626.30k | 0.37% $963.2k | |
| Senior EVP & Chief Banking Officer | 5.67yrs | US$465.76k | 0.044% $116.7k | |
| Executive VP & Chief Information Officer | 0.33yr | no data | 0.0080% $21.2k | |
| Investor Relations Officer | 6.25yrs | no data | no data | |
| Executive VP & Chief Retail Officer | 20.25yrs | US$157.05k | 0.036% $94.2k | |
| Executive VP | no data | US$197.97k | 0.13% $341.2k | |
| Executive VP & Northeast Market President | 6.33yrs | US$306.12k | 0.059% $156.1k | |
| Executive VP & Chief Risk Officer | no data | no data | 0.011% $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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.42yrs | US$918.40k | 0.34% $888.5k | |
| Independent Director | 6.42yrs | US$45.27k | 0.55% $1.5m | |
| Independent Director | 6.42yrs | US$50.25k | 0.83% $2.2m | |
| Independent Director | 6.42yrs | US$55.58k | 0.36% $944.0k | |
| Director | 6.42yrs | US$40.07k | 0.52% $1.4m | |
| Independent Director | 28.25yrs | US$48.63k | 1.01% $2.6m | |
| Independent Director | 17.25yrs | US$50.68k | 0.16% $419.6k | |
| Independent Chairman of the Board | 11.92yrs | US$59.97k | 0.53% $1.4m | |
| Independent Director | 12.92yrs | US$40.97k | 0.37% $976.6k | |
| Independent Director | 10.67yrs | US$50.06k | 0.43% $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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PFIS | NasdaqGS (Nasdaq Global Select) | Yes | New Common Stock | US | USD | Dec 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/07 01:41 |
| End of Day Share Price | 2020/04/06 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.