Peoples Financial Services
Market Cap
US$245.5m
Last Updated
2020/09/26 05:46 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 various commercial and retail banking services. More Details
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-6.2%
PFIS
-6.2%
US Banks
-0.8%
US Market
1 Year Return
-26.2%
PFIS
-31.3%
US Banks
13.8%
US Market
Return vs Industry: PFIS exceeded the US Banks industry which returned -31.9% over the past year.
Return vs Market: PFIS underperformed the US Market which returned 12% over the past year.
Shareholder returns
| PFIS | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.2% | -6.2% | -0.8% |
| 30 Day | -10.8% | -9.5% | -5.0% |
| 90 Day | -6.6% | -2.5% | 10.1% |
| 1 Year | -23.7%-26.2% | -28.9%-31.3% | 16.4%13.8% |
| 3 Year | -22.6%-29.5% | -22.5%-28.8% | 36.9%27.8% |
| 5 Year | 14.4%-2.1% | 14.9%0.8% | 85.0%64.2% |
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
1 month ago | Simply Wall St
A Quick Analysis On Peoples Financial Services' (NASDAQ:PFIS) CEO Salary2 months ago | Simply Wall St
Should Peoples Financial Services Corp. (NASDAQ:PFIS) Be Part Of Your Dividend Portfolio?Valuation
Is Peoples Financial Services undervalued compared to its fair value and its price relative to the market?
33.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PFIS ($33.7) is trading below our estimate of fair value ($50.4)
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 (9.9x) compared to the US Banks industry average (9.3x).
PE vs Market: PFIS is good value based on its PE Ratio (9.9x) compared to the US market (17.5x).
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's PB Ratio (0.8x) is in line with the US Banks industry average.
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?
27.0%
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?
8.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PFIS has high quality earnings.
Growing Profit Margin: PFIS's current net profit margins (30.1%) are lower than last year (31.9%).
Past Earnings Growth Analysis
Earnings Trend: PFIS's earnings have grown by 8.7% per year over the past 5 years.
Accelerating Growth: PFIS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PFIS had negative earnings growth (-6.1%) over the past year, making it difficult to compare to the Banks industry average (-3%).
Return on Equity
High ROE: PFIS's Return on Equity (8%) 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 Assets to Equity ratio (8.7x) is low.
Allowance for Bad Loans: PFIS has a sufficient allowance for bad loans (216%).
Low Risk Liabilities: 93% of PFIS's liabilities are made up of primarily low risk sources of funding.
Loan Level: PFIS has an appropriate level of Loans to Assets ratio (80%).
Low Risk Deposits: PFIS's Loans to Deposits ratio (98%) is appropriate.
Level of Bad Loans: PFIS has an appropriate level of bad loans (0.6%).
Next Steps
Dividend
What is Peoples Financial Services's current dividend yield, its reliability and sustainability?
4.27%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PFIS's dividend (4.27%) is higher than the bottom 25% of dividend payers in the US market (1.75%).
High Dividend: PFIS's dividend (4.27%) is low compared to the top 25% of dividend payers in the US market (4.99%).
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 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.5%), 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?
6.1yrs
Average management tenure
CEO
Craig Best (59 yo)
6.83yrs
Tenure
US$820,173
Compensation
Mr. Craig W. Best has been the Chief Executive Officer of Penseco Financial Services Corporation and Peoples Security Bank & Trust Company since January 3, 2006 and served as its President until May 2020. ...
CEO Compensation Analysis
Compensation vs Market: Craig's total compensation ($USD820.17K) is below average for companies of similar size in the US market ($USD1.40M).
Compensation vs Earnings: Craig's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 6.83yrs | US$820.17k | 0.34% $ 840.1k | |
| President & COO | 0.33yr | US$553.70k | 0.37% $ 910.8k | |
| Executive VP & CFO | 3.25yrs | US$314.74k | 0.029% $ 71.9k | |
| Executive VP & Northeast Market President | 6.75yrs | US$340.25k | 0.060% $ 147.6k | |
| Senior EVP & Chief Banking Officer | 6.08yrs | US$421.34k | 0.045% $ 110.4k | |
| Executive VP & Chief Information Officer | 0.75yr | no data | 0.0081% $ 20.0k | |
| Investor Relations Officer | 6.67yrs | no data | no data | |
| Executive VP & Chief Retail Officer | 20.67yrs | US$157.05k | 0.036% $ 89.0k | |
| Executive VP | 0.67yr | no data | 0.012% $ 28.4k |
6.1yrs
Average Tenure
59yo
Average Age
Experienced Management: PFIS's management team is seasoned and experienced (6.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 6.83yrs | US$820.17k | 0.34% $ 840.1k | |
| Independent Director | 6.83yrs | US$60.00k | 0.36% $ 892.7k | |
| Director | 6.83yrs | US$44.99k | 0.52% $ 1.3m | |
| Independent Director | 17.67yrs | US$62.08k | 0.19% $ 459.5k | |
| Independent Director | 0.58yr | no data | 0.041% $ 101.1k | |
| Independent Chairman of the Board | 12.33yrs | US$71.91k | 0.55% $ 1.3m | |
| Independent Director | 13.33yrs | US$47.12k | 0.38% $ 923.4k | |
| Independent Director | 11.08yrs | US$58.33k | 0.43% $ 1.1m |
9.0yrs
Average Tenure
65yo
Average Age
Experienced Board: PFIS's board of directors are considered experienced (9 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$245.478m
- Shares outstanding: 7.28m
- 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 various commercial and retail banking services. The company accepts money mar ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/26 05:46 |
| End of Day Share Price | 2020/09/25 00:00 |
| Earnings | 2020/06/30 |
| 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.