Dennis E. Rose, Jr. Sells 2,000 Shares of Premier Financial Corp. (NASDAQ:PFC) Stock

Premier Financial Corp. (NASDAQ:PFC) EVP Dennis E. Rose, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $27.98, for a total value of $55,960.00. Following the completion of the transaction, the executive vice president now directly owns 36,144 shares in the company, valued at $1,011,309.12. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Premier Financial Stock Up 2.1 %

NASDAQ PFC opened at $28.85 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 0.95. Premier Financial Corp. has a 52 week low of $18.63 and a 52 week high of $29.15. The stock has a market capitalization of $1.03 billion, a P/E ratio of 14.64 and a beta of 1.25. The stock has a fifty day moving average of $25.02 and a 200-day moving average of $23.11.

Premier Financial (NASDAQ:PFC) last released its earnings results on Tuesday, October 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). The business had revenue of $112.74 million for the quarter, compared to analyst estimates of $64.55 million. Premier Financial had a net margin of 16.06% and a return on equity of 7.43%. During the same quarter in the previous year, the company posted $0.69 earnings per share. On average, equities research analysts forecast that Premier Financial Corp. will post 2 EPS for the current year.

Premier Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.30%. Premier Financial’s dividend payout ratio (DPR) is presently 62.94%.

Hedge Funds Weigh In On Premier Financial

Several hedge funds have recently added to or reduced their stakes in PFC. Capital Performance Advisors LLP acquired a new position in shares of Premier Financial in the 3rd quarter valued at $25,000. Innealta Capital LLC bought a new position in shares of Premier Financial during the 2nd quarter valued at about $36,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Premier Financial in the 2nd quarter valued at approximately $84,000. CWM LLC raised its holdings in Premier Financial by 296.8% during the 2nd quarter. CWM LLC now owns 6,480 shares of the company’s stock worth $133,000 after buying an additional 4,847 shares during the period. Finally, EMC Capital Management lifted its stake in Premier Financial by 56.9% in the first quarter. EMC Capital Management now owns 8,392 shares of the company’s stock valued at $170,000 after buying an additional 3,043 shares in the last quarter. Institutional investors and hedge funds own 66.14% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott restated a “neutral” rating on shares of Premier Financial in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $22.50.

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.