Premier Financial (NASDAQ:PFC) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

Premier Financial (NASDAQ:PFC - Get Free Report)'s stock had its "market perform" rating restated by analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $23.00 price target on the stock, down from their previous price target of $25.00. Keefe, Bruyette & Woods' price objective would indicate a potential upside of 14.54% from the company's previous close.

Several other research analysts also recently issued reports on the stock. Hovde Group upgraded shares of Premier Financial from a "market perform" rating to an "outperform" rating and set a $22.50 price target on the stock in a research report on Monday, April 1st. Piper Sandler upped their price target on shares of Premier Financial from $21.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday.

Premier Financial Price Performance

Shares of NASDAQ:PFC traded down $0.30 on Thursday, hitting $20.08. The stock had a trading volume of 223,926 shares, compared to its average volume of 137,715. Premier Financial has a twelve month low of $13.60 and a twelve month high of $24.87. 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's 50 day moving average price is $19.73 and its 200-day moving average price is $20.40. The company has a market capitalization of $718.86 million, a price-to-earnings ratio of 6.48 and a beta of 1.27.

Premier Financial (NASDAQ:PFC - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The company had revenue of $108.84 million for the quarter, compared to the consensus estimate of $63.93 million. Premier Financial had a net margin of 23.67% and a return on equity of 9.19%. During the same quarter in the previous year, the company earned $0.63 EPS. On average, equities research analysts predict that Premier Financial will post 2.13 earnings per share for the current year.

Insider Buying and Selling at Premier Financial

In other news, Director Donald P. Hileman sold 1,500 shares of the company's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $20.07, for a total value of $30,105.00. Following the completion of the sale, the director now directly owns 31,311 shares of the company's stock, valued at approximately $628,411.77. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.22% of the company's stock.

Institutional Trading of Premier Financial

Large investors have recently bought and sold shares of the business. Swiss National Bank increased its stake in Premier Financial by 2.5% during the 3rd quarter. Swiss National Bank now owns 78,615 shares of the company's stock worth $1,341,000 after purchasing an additional 1,900 shares in the last quarter. Foundry Partners LLC increased its stake in Premier Financial by 15.1% during the 3rd quarter. Foundry Partners LLC now owns 182,775 shares of the company's stock worth $3,118,000 after purchasing an additional 23,980 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Premier Financial by 41.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 160,760 shares of the company's stock worth $3,874,000 after purchasing an additional 46,854 shares in the last quarter. GSA Capital Partners LLP increased its stake in Premier Financial by 27.4% during the 3rd quarter. GSA Capital Partners LLP now owns 64,197 shares of the company's stock worth $1,095,000 after purchasing an additional 13,810 shares in the last quarter. Finally, Huntington National Bank boosted its position in Premier Financial by 766.2% during the 3rd quarter. Huntington National Bank now owns 1,741 shares of the company's stock worth $30,000 after acquiring an additional 1,540 shares during the last quarter. 66.14% of the stock is owned by institutional investors.

Premier Financial Company Profile

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.