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SCRANTON, Pa. – Peoples Financial Services Corp. (NASDAQ: PFIS), the parent company of Peoples Security Bank and Trust Company, has announced an increase in its quarterly cash dividend. The dividend for the second quarter of 2025 is set at $0.6175 per share, marking a significant rise of 50.6% from the same quarter the previous year. According to InvestingPro, the company has maintained dividend payments for 24 consecutive years and currently offers a notable 5.65% dividend yield.
The declared dividend is scheduled to be paid on June 13, 2025, to shareholders who are on record as of May 30, 2025. This move reflects the company’s continued financial growth and its commitment to providing value to its shareholders.
Peoples Financial Services Corp. operates as an independent community bank and serves customers through 39 full-service community banking offices. These are strategically located across multiple counties in Pennsylvania, New Jersey, and New York. The bank offers a variety of financial products and services tailored to individuals, businesses, and government entities, emphasizing accessibility to senior management and a commitment to courteous and informed customer service.
The company’s forward-looking statements indicate an optimistic outlook, albeit acknowledging the risks and uncertainties inherent in the financial industry. They highlight the potential for changes in the economy, competitive factors, regulatory changes, and other market dynamics that could impact their operations and financial performance.
This dividend increase comes on the heels of the company’s merger with FNCB Bancorp, Inc., completed on July 1, 2024. While the merger aimed to realize synergies and operational efficiencies, the company, currently valued at $428.07 million, trades at a P/E ratio of 42.8. Peoples Financial Services Corp. remains cautious, noting that actual results could differ materially from expectations due to various factors beyond their control. InvestingPro analysis indicates the stock is currently trading at Fair Value, with numerous additional metrics and insights available to subscribers.
Investors are advised that this news is based on a press release statement from Peoples Financial Services Corp. and should consider the various risks and uncertainties that could affect the company’s future results.
In other recent news, Peoples Financial Services Corp. announced a significant 50.6% increase in its quarterly cash dividend, now set at $0.6175 per share. This dividend will be payable on March 14, 2025, to shareholders on record as of February 28, 2025. The company recently completed a merger with FNCB Bancorp, Inc. on July 1, 2024, which is expected to bring synergies and operational efficiencies. Peoples Financial Services has expressed optimism about the merger’s potential benefits but also notes that these are subject to risks and uncertainties. Despite these uncertainties, the substantial dividend increase underscores the company’s financial strength and commitment to providing shareholder value. The merger and dividend increase are part of Peoples Financial Services’ broader strategy to enhance its financial performance. Investors should consider the potential impacts of these developments on the company’s future financial health.
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