Premier Financial Corp. (NASDAQ:PFC - Get Free Report) Director Donald P. Hileman sold 1,500 shares of Premier Financial stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $21.19, for a total value of $31,785.00. Following the sale, the director now directly owns 29,811 shares in the company, valued at approximately $631,695.09. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Premier Financial Price Performance
Shares of Premier Financial stock traded up $0.26 during trading on Thursday, reaching $21.26. 196,017 shares of the stock traded hands, compared to its average volume of 140,322. The company has a market capitalization of $761.38 million, a price-to-earnings ratio of 6.83 and a beta of 1.27. The business has a fifty day simple moving average of $19.94 and a two-hundred day simple moving average of $20.77. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.96 and a quick ratio of 0.94. Premier Financial Corp. has a 52-week low of $13.68 and a 52-week high of $24.87.
Premier Financial (NASDAQ:PFC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. Premier Financial had a return on equity of 9.12% and a net margin of 23.67%. The firm had revenue of $108.84 million during the quarter, compared to analyst estimates of $63.93 million. During the same quarter last year, the business posted $0.63 earnings per share. Sell-side analysts expect that Premier Financial Corp. will post 2.18 EPS for the current year.
Premier Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, May 3rd were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date was Thursday, May 2nd. Premier Financial's payout ratio is 40.00%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC lifted its stake in Premier Financial by 333.1% in the third quarter. AQR Capital Management LLC now owns 268,188 shares of the company's stock worth $4,575,000 after purchasing an additional 206,258 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Premier Financial by 13.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,016,841 shares of the company's stock worth $17,347,000 after purchasing an additional 124,126 shares during the last quarter. Elizabeth Park Capital Advisors Ltd. lifted its stake in Premier Financial by 153.4% in the fourth quarter. Elizabeth Park Capital Advisors Ltd. now owns 198,733 shares of the company's stock worth $4,789,000 after purchasing an additional 120,299 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Premier Financial by 251.0% in the third quarter. Assenagon Asset Management S.A. now owns 113,906 shares of the company's stock worth $1,943,000 after purchasing an additional 81,457 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Premier Financial in the third quarter worth about $1,201,000. Institutional investors own 66.14% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $23.00 target price (down from $25.00) on shares of Premier Financial in a research note on Thursday, April 25th. Piper Sandler raised their price objective on Premier Financial from $21.00 to $22.00 and gave the company a "neutral" rating in a research report on Thursday, April 25th. Finally, Hovde Group upgraded Premier Financial from a "market perform" rating to an "outperform" rating and set a $22.50 price objective for the company in a research report on Monday, April 1st.
Get Our Latest Stock Report on PFC
About Premier Financial
(
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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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