Peoples Financial Services Corp.
US ˙ NasdaqGS ˙ US7110401053

Introduction

This page provides a comprehensive analysis of the known insider trading history of Michael L Jake. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

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Companies with Reported Insider Positions

The SEC filings indicate Michael L Jake has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:PFIS / Peoples Financial Services Corp. EVP, Chief Risk Officer 2,772
US:PFNS / SR VP & CHIEF RISK OFFICER 0
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Michael L Jake. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases PFIS / Peoples Financial Services Corp. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in PFIS / Peoples Financial Services Corp.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2016-06-15 PFIS JAKE MICHAEL L 266 37.5800 266 37.5800 9,999 730
2016-04-11 PFIS JAKE MICHAEL L 270 37.0690 270 37.0690 10,000
2016-03-15 PFIS JAKE MICHAEL L 270 37.0730 270 37.0730 10,000
2016-02-10 PFIS JAKE MICHAEL L 287 34.8200 287 34.8200 10,000
2015-06-15 PFIS JAKE MICHAEL L 199 40.2733 199 40.2733 8,000
2015-03-13 PFIS JAKE MICHAEL L 6 40.4400 6 40.4400 250
2015-02-10 PFIS JAKE MICHAEL L 6 44.8265 6 44.8265 250
2015-01-12 PFIS JAKE MICHAEL L 5 48.0800 5 48.0800 250
2014-12-15 PFIS JAKE MICHAEL L 5 49.0220 5 49.0220 250
2014-11-10 PFIS JAKE MICHAEL L 5 50.0800 5 50.0800 250
2014-10-10 PFIS JAKE MICHAEL L 5 45.6200 5 45.6200 250
2014-09-15 PFIS JAKE MICHAEL L 5 52.1560 5 52.1560 250
2014-08-11 PFIS JAKE MICHAEL L 5 47.4000 5 47.4000 250
2014-07-10 PFIS JAKE MICHAEL L 5 49.7000 5 49.7000 250
2014-06-13 PFIS JAKE MICHAEL L 5 52.0360 5 52.0360 250
2014-05-12 PFIS JAKE MICHAEL L 5 47.3000 5 47.3000 250

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

PFIS / Peoples Financial Services Corp. Insider Trades
Insider Sales PFIS / Peoples Financial Services Corp. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in PFIS / Peoples Financial Services Corp.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

PFIS / Peoples Financial Services Corp. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Michael L Jake as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2019-05-07 2019-03-26 4 PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		A - Award 331 2,772 13.56
2019-02-12 2018-12-31 5/A PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		J - Other 76 521 17.17
2019-02-12 2018-12-31 5 PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		J - Other 76 521 17.17
2018-04-30 2018-04-11 4 PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		A - Award 308 308
2018-02-09 2017-12-31 5 pfis PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		J - Other 54 445 13.97
2017-08-17 2017-06-30 4 PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		A - Award 342 342
2017-02-08 2016-12-31 5 PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		J - Other 59 390 17.89
2016-06-17 2016-06-15 4 PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		P - Purchase 266 1,655 19.15 37.58 9,999 62,209
2016-04-13 2016-04-11 4 PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		P - Purchase 270 1,389 24.10 37.07 10,000 51,499
2016-03-16 2016-03-15 4 PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		P - Purchase 270 1,120 31.74 37.07 10,000 41,504
2016-02-11 2016-02-10 4 PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		P - Purchase 287 850 51.05 34.82 10,000 29,589
2016-02-04 2015-12-31 5 PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		J - Other 81 331 32.38
2015-06-24 2015-06-15 4 PFIS PEOPLES FINANCIAL SERVICES CORP.
Commom Stock 		P - Purchase 199 548 56.86 40.27 8,000 22,069
2015-03-20 2015-03-13 4 PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		P - Purchase 6 349 1.80 40.44 250 14,127
2015-03-20 2015-02-10 4 PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		P - Purchase 6 343 1.65 44.83 250 15,383
2015-02-12 2015-01-12 4 PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		P - Purchase 5 338 1.56 48.08 250 16,231
2015-02-12 2014-12-31 5 PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		J - Other 97 250 62.90
2015-02-12 2014-12-15 5 PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		P - Purchase 5 332 1.56 49.02 250 16,294
2015-02-12 2014-11-10 5 PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		P - Purchase 5 322 1.58 50.08 250 16,109
2015-02-12 2014-10-10 5 PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		P - Purchase 5 317 1.76 45.62 250 14,446
2015-02-12 2014-09-15 5 PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		P - Purchase 5 311 1.56 52.16 250 16,230
2015-02-12 2014-08-11 5 PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		P - Purchase 5 306 1.75 47.40 250 14,523
2015-02-12 2014-07-10 5 PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		P - Purchase 5 301 1.70 49.70 250 14,966
2015-02-12 2014-06-13 5 PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		P - Purchase 5 296 1.65 52.04 250 15,407
2015-02-12 2014-05-12 5 PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		P - Purchase 5 291 1.85 47.30 250 13,778
2014-02-12 2013-12-31 5 PFIS PEOPLES FINANCIAL SERVICES CORP.
Common Stock 		J - Other 4 153 2.68
2013-12-11 3 PFIS PEOPLES FINANCIAL SERVICES CORP.
common stock 		286
2013-12-11 3 PFIS PEOPLES FINANCIAL SERVICES CORP.
common stock 		149
2013-12-03 2013-11-30 4 PFNS PENSECO FINANCIAL SERVICES CORP
common stock 		D - Sale to Issuer -73 0 -100.00
2013-12-03 2013-11-30 4 PFNS PENSECO FINANCIAL SERVICES CORP
common stock 		D - Sale to Issuer -210 0 -100.00
2013-09-25 2013-09-13 4 PFNS PENSECO FINANCIAL SERVICES CORP
common stock 		P - Purchase 2 210 0.96 43.95 87 9,238
2013-06-26 2013-06-14 4 PFNS PENSECO FINANCIAL SERVICES CORP
COMMON STOCK 		P - Purchase 2 208 1.11 37.85 86 7,880
2013-03-29 2013-03-15 4 PFNS PENSECO FINANCIAL SERVICES CORP
COMMON STOCK 		P - Purchase 15 206 8.01 38.00 580 7,825
2013-01-09 2012-12-14 4 PFNS PENSECO FINANCIAL SERVICES CORP
COMMON STOCK 		P - Purchase 15 191 8.71 37.55 574 7,159
2012-09-27 2012-09-14 4 PFNS PENSECO FINANCIAL SERVICES CORP
common stock 		P - Purchase 15 175 9.31 38.00 567 6,664
2012-07-11 2012-06-15 4 PFNS PENSECO FINANCIAL SERVICES CORP
COMMON STOCK 		P - Purchase 2 160 1.11 38.00 67 6,097
2012-07-11 2012-03-15 4 PFNS PENSECO FINANCIAL SERVICES CORP
COMMON STOCK 		P - Purchase 2 159 1.08 39.02 66 6,193
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)