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0 0 -0.00194363459669585 -0.00194363459669585 0.000583090379008768 0.00233236151603494 0.00272108843537416 0.0221574344023324
Stock impact report

Peoples Financial Services Isn't Ready For A Downgrade Just Yet [Seeking Alpha]

Peoples Financial Services Corp. (PFIS) 
Company Research Source: Seeking Alpha
PFIS has grown organic deposits and reduced high-cost brokered deposits, though uninsured deposit exposure has risen to 34.3%. Net interest income and margin improved, with net profits rising significantly; credit quality metrics have strengthened, notably non-performing assets dropping to 0.23%. PFIS trades at a 9x P/E, just above book value, and while returns lag peers, asset quality and valuation support continued optimism. Guido Mieth/DigitalVision via Getty Images Around the middle of December of last year, I decided to upgrade shares of Peoples Financial Services ( PFIS ) from a "Hold" to a "B uy." This decision was not made lightly. It was based specifically on improved valuation and Show less Read more
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