Premier Financial (NASDAQ:PFC - Get Free Report) had its target price hoisted by research analysts at Piper Sandler from $21.00 to $22.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Piper Sandler's target price suggests a potential upside of 9.56% from the company's previous close.
Other research analysts also recently issued reports about the company. Hovde Group raised Premier Financial from a "market perform" rating to an "outperform" rating and set a $22.50 price target on the stock in a research note on Monday, April 1st. Keefe, Bruyette & Woods dropped their price target on Premier Financial from $26.00 to $25.00 and set a "market perform" rating on the stock in a research note on Thursday, January 25th.
Check Out Our Latest Stock Report on PFC
Premier Financial Price Performance
Shares of Premier Financial stock traded down $0.30 during trading on Thursday, reaching $20.08. 223,926 shares of the company's stock were exchanged, compared to its average volume of 137,715. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.95 and a current ratio of 0.97. Premier Financial has a 1-year low of $13.60 and a 1-year high of $24.87. The company has a market cap of $718.86 million, a P/E ratio of 6.48 and a beta of 1.27. The firm's 50-day moving average price is $19.73 and its 200 day moving average price is $20.40.
Premier Financial (NASDAQ:PFC - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. The firm had revenue of $108.84 million for the quarter, compared to analyst estimates of $63.93 million. Premier Financial had a return on equity of 9.19% and a net margin of 23.67%. During the same quarter in the previous year, the company posted $0.63 EPS. As a group, research analysts anticipate that Premier Financial will post 2.13 earnings per share for the current year.
Insider Buying and Selling at Premier Financial
In other Premier Financial news, Director Donald P. Hileman sold 1,500 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $20.07, for a total transaction of $30,105.00. Following the completion of the transaction, the director now directly owns 31,311 shares of the company's stock, valued at $628,411.77. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.22% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Premier Financial
A number of large investors have recently made changes to their positions in the stock. Huntington National Bank raised its position in shares of Premier Financial by 766.2% in the third quarter. Huntington National Bank now owns 1,741 shares of the company's stock worth $30,000 after buying an additional 1,540 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Premier Financial in the third quarter worth $43,000. Creative Financial Designs Inc. ADV purchased a new stake in shares of Premier Financial in the fourth quarter worth $47,000. Frazier Financial Advisors LLC purchased a new stake in shares of Premier Financial in the fourth quarter worth $78,000. Finally, Quantbot Technologies LP raised its position in shares of Premier Financial by 480.0% in the third quarter. Quantbot Technologies LP now owns 5,266 shares of the company's stock worth $90,000 after buying an additional 4,358 shares in the last quarter. 66.14% of the stock is owned by institutional investors.
About Premier Financial
(
Get Free Report)
Premier Financial Corp., through its subsidiaries, provides various banking services. It offers demand, checking, money market, and savings accounts, as well as certificates of deposits and certificates of deposit account registry service; and investment products. The company also provides residential and commercial real estate, commercial, construction, home improvement and home equity, installment, and consumer loans.
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