O Shaughnessy Asset Management LLC Decreases Stake in Premier Financial Corp. (NASDAQ:PFC)

O Shaughnessy Asset Management LLC trimmed its holdings in shares of Premier Financial Corp. (NASDAQ:PFC) by 18.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,813 shares of the company’s stock after selling 13,609 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Premier Financial were worth $1,581,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Premier Financial by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 2,042,764 shares of the company’s stock valued at $52,233,000 after acquiring an additional 51,285 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Premier Financial by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,254,516 shares of the company’s stock valued at $32,078,000 after purchasing an additional 9,998 shares in the last quarter. State Street Corp lifted its position in shares of Premier Financial by 3.5% during the third quarter. State Street Corp now owns 1,055,377 shares of the company’s stock worth $24,780,000 after purchasing an additional 35,682 shares during the last quarter. Geode Capital Management LLC grew its stake in Premier Financial by 1.0% in the third quarter. Geode Capital Management LLC now owns 864,387 shares of the company’s stock worth $20,300,000 after purchasing an additional 8,542 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Premier Financial by 0.8% in the fourth quarter. American Century Companies Inc. now owns 750,814 shares of the company’s stock valued at $19,198,000 after buying an additional 6,231 shares during the last quarter. Institutional investors and hedge funds own 66.14% of the company’s stock.

Premier Financial Stock Performance

Shares of NASDAQ PFC opened at $28.04 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average price is $28.21 and its two-hundred day moving average price is $26.58. Premier Financial Corp. has a 52-week low of $18.63 and a 52-week high of $29.64. The stock has a market capitalization of $1.00 billion, a P/E ratio of 14.09 and a beta of 1.28.

Premier Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 31st were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 4.42%. The ex-dividend date was Friday, January 31st. Premier Financial’s dividend payout ratio (DPR) is presently 62.31%.

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.