Peoples Financial Stock Moves Up as Investors Eye PFIS
Peoples Financial Services Corp. shares rose 1.9% to $59.26 Tuesday, trading near recent highs with light volume and no new company news. The Pennsylvania bank last reported first-quarter net income of $14.7 million, down from $15 million a year earlier, citing higher credit loss provisions and expenses. Regional bank stocks broadly rallied, with the SPDR S&P Regional Banking ETF up 1.8%. Peoples’ net interest margin climbed to 3.67%.