PFIS Stock News 46.34 05/07/2014 06:04:09 Peoples Finl Svcs Co

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Peoples Finl Svcs Co (PFIS) 46.34 $PFIS

Peoples Financial Services announces 35% higher dividend of USD0.31 per share over last year
M2 - Mon Apr 28, 3:03AM CDT
The board of directors of Peoples Financial Services Corp (NASDAQ OMXFIS), the parent company of Peoples Security Bank and Trust Company, authorised a dividend of USD0.31 per share for the quarter, the company reported on Friday.

PEOPLES FINANCIAL SERVICES CORP. Reports First Quarter 2014 Earnings
PR Newswire - Fri Apr 25, 12:45PM CDT
Peoples Financial Services Corp. ("Peoples" (NASDAQ OMX: PFIS), the bank holding company for Peoples Security Bank and Trust Company, today reported unaudited financial results at and for the three months ended March 31, 2014. Peoples, which completed a merger with Penseco Financial Services Corporation ("Penseco" on November 30, 2013, reported net income of $4.7 million, or $0.62 per basic and diluted weighted average share for the quarter ended March 31, 2014, compared to $2.5 million, or $0.56 per share, for the comparable quarter of 2013. Earnings per share amounts in prior periods are based on restated shares outstanding. The merger between Peoples and Penseco was accounted for as a reverse acquisition of Peoples by Penseco. As a result of the reverse merger, Peoples is the legal acquirer and Penseco is the accounting acquirer. In a reverse merger the historical financial statements are those of the accounting acquirer. The results for the quarter ended March 31, 2014, include pre-tax merger related expenses of approximately $608.0 thousand. The conversion of the core processing system is scheduled to be completed at the end of April, 2014. Accordingly, cost savings associated with such action are not anticipated to be realized until sometime beginning in the third quarter of 2014.

PEOPLES FINANCIAL SERVICES CORP. Declares Cash Dividend
PR Newswire - Fri Apr 25, 12:09PM CDT
The Board of Directors of Peoples Financial Services Corp. (NASDAQ OMX: PFIS) today declared a quarterly dividend of $0.31 per share. The dividend, which is a 35% increase over the comparable quarter last year, is payable June 13, 2014, to shareholders of record May 30, 2014.

Insiders Were Right: PFIS Makes New 52-Week High
MarketNewsVideo.com - Fri Apr 04, 12:35PM CDT
In trading on Friday, shares of Peoples Financial Services Corp touched a new 52-week high of $43.00/share. That's a 29.87% rise, or $9.89 per share from the 52-week low of $33.11 set back on 04/15/2013.

Peoples Financial Services Corp. Announces NASDAQ Listing
PR Newswire - Mon Mar 31, 1:37PM CDT
Peoples Financial Services Corp. (OTCQB: PFIS), the bank holding company of Peoples Security Bank and Trust Company, today announced that it has satisfied the initial listing criteria of The Nasdaq Stock Market, LLC, and its common stock is expected to begin trading on the NASDAQ Global Select Market® on April 2, 2014, under the ticker symbol "PFIS."

Peoples Financial Services Corp. Announces Common Stock Repurchase Plan
PR Newswire - Wed Feb 12, 3:47PM CST
Peoples Financial Services Corp. (OTCQB: PFIS) ("Peoples", the bank holding company of Peoples Security Bank and Trust Company, announced today that its Board of Directors has authorized a stock repurchase plan providing for the purchase of up to 370,000 shares of its outstanding common stock. The timing, price and volume of repurchases will be based on market conditions, relevant securities laws and other factors. The stock repurchases may be made from time to time on the open market or in privately negotiated transactions. The stock repurchase program does not require Peoples to repurchase any specific number of shares, and Peoples may terminate the repurchase program at any time. After giving effect to its recent merger with Penseco Financial Services Corporation, Peoples currently has approximately 7,552,944 shares of common stock outstanding.

Peoples Financial Services Corp. Reports Earnings
PR Newswire - Wed Feb 12, 3:46PM CST
Peoples Financial Services Corp. ("Peoples" (OTCQB: PFIS), the bank holding company for Peoples Security Bank and Trust Company, today reported unaudited financial results at and for the three and twelve-month periods ended December 31, 2013. Peoples, which completed a merger with Penseco Financial Services Corporation ("Penseco" on November 30, 2013, reported net income of $5.1 million, or $1.07 per basic and diluted weighted average share, compared to $10.6 million, or $2.37 per share, reported by Penseco for the twelve months ended December 31, 2012. Peoples reported a net loss of $2.8 million, $0.50 per share, for the three months ended December 31, 2013, compared to net income of $2.7 million, or $0.61 per share, reported by Penseco for the three months ended December 31, 2012.

Peoples Financial Services Corp. Completes Merger with Penseco Financial Services Corporation
Business Wire - Mon Dec 02, 12:17PM CST
Craig W. Best, President and CEO of Peoples Financial Services Corp. ("Peoples"; OTCQB: PFIS) announced today the closing of its merger with Penseco Financial Services Corporation on November 30, 2013. Peoples also announced the merger of its subsidiary bank, Peoples Neighborhood Bank with Penn Security Bank and Trust Company on December 1, 2013. The combined bank will operate as Peoples Security Bank and Trust Company. Full integration of the banks is expected to be completed in April, 2014.
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