Peoples Financial Services Isn't Ready For A Downgrade Just Yet

Around the middle of December of last year, I decided to upgrade shares of Peoples Financial Services (PFIS) from a "Hold" to a "Buy." This decision was not made lightly. It was based specifically on improved valuation and Peoples Financial Services Isn't Ready For A Downgrade Just Yet Summary - Peoples Financial Services remains a soft "Buy" due to improved valuation, solid financial performance, and deliberate balance sheet management. - PFIS has grown organic deposits and reduced high-cost brokered deposits, though uninsured deposit exposure has risen to 34.3%. - Net interest income and mar

Around the middle of December of last year, I decided to upgrade shares of Peoples Financial Services (PFIS) from a "Hold" to a "Buy." This decision was not made lightly. It was based specifically on improved valuation and Peoples Financial Services Isn't Ready For A Downgrade Just Yet Summary - Peoples Financial Services remains a soft "Buy" due to improved valuation, solid financial performance, and deliberate balance sheet management. - PFIS has grown organic deposits and reduced high-cost brokered deposits, though uninsured deposit exposure has risen to 34.3%. - Net interest income and mar