Premier Financial (NASDAQ:PFC) Posts Quarterly Earnings Results

Premier Financial (NASDAQ:PFCGet Free Report) issued its earnings results on Tuesday. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02, Zacks reports. 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 period in the previous year, the company posted $0.63 earnings per share.

Premier Financial Price Performance

Shares of NASDAQ PFC opened at $20.38 on Thursday. The firm has a market capitalization of $729.60 million, a P/E ratio of 6.57 and a beta of 1.27. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 0.37. The stock’s 50-day simple moving average is $19.75 and its two-hundred day simple moving average is $20.40. Premier Financial has a twelve month low of $13.60 and a twelve month high of $24.87.

Insiders Place Their Bets

In other news, Director Donald P. Hileman sold 1,500 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $20.07, for a total transaction of $30,105.00. Following the transaction, the director now directly owns 31,311 shares in the company, valued at approximately $628,411.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PFC shares. Hovde Group upgraded Premier Financial from a “market perform” rating to an “outperform” rating and set a $22.50 target price on the stock in a research note on Monday, April 1st. Piper Sandler began coverage on Premier Financial in a research report on Friday, February 23rd. They issued a “neutral” rating and a $21.00 price target for the company. Finally, Keefe, Bruyette & Woods reduced their price target on Premier Financial from $26.00 to $25.00 and set a “market perform” rating for the company in a research report on Thursday, January 25th.

Check Out Our Latest Stock Report on Premier Financial

Premier Financial Company Profile

(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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Earnings History for Premier Financial (NASDAQ:PFC)

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