Premier Financial (NASDAQ:PFC) Issues Earnings Results, Beats Estimates By $0.02 EPS

Premier Financial (NASDAQ:PFC - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02, Zacks reports. The company had revenue of $108.84 million during the quarter, compared to the consensus estimate of $63.93 million. Premier Financial had a return on equity of 9.76% and a net margin of 24.39%. During the same quarter in the prior year, the firm posted $0.63 EPS.

Premier Financial Stock Performance

PFC traded down $0.21 during trading hours on Wednesday, reaching $20.38. The company's stock had a trading volume of 119,763 shares, compared to its average volume of 136,625. Premier Financial has a 52 week low of $13.60 and a 52 week high of $24.87. The company's 50-day moving average is $19.75 and its 200-day moving average is $20.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.95 and a current ratio of 0.97. The firm has a market cap of $729.60 million, a PE ratio of 6.55 and a beta of 1.27.

Insider Activity at Premier Financial

In related 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 value of $30,105.00. Following the sale, the director now owns 31,311 shares in the company, valued at approximately $628,411.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.22% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PFC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods cut their price objective on Premier Financial from $26.00 to $25.00 and set a "market perform" rating for the company in a report on Thursday, January 25th. Piper Sandler initiated coverage on Premier Financial in a report on Friday, February 23rd. They issued a "neutral" rating and a $21.00 price objective for the company. Finally, Hovde Group raised Premier Financial from a "market perform" rating to an "outperform" rating and set a $22.50 price objective for the company in a report on Monday, April 1st.

About Premier Financial

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.