Alliancebernstein L.P. Sells 62,857 Shares of Premier Financial Corp. (NASDAQ:PFC)

Alliancebernstein L.P. lessened its stake in shares of Premier Financial Corp. (NASDAQ:PFC) by 6.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 843,068 shares of the company’s stock after selling 62,857 shares during the period. Alliancebernstein L.P.’s holdings in Premier Financial were worth $21,557,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Gardner Lewis Asset Management L P raised its position in Premier Financial by 298.4% during the fourth quarter. Gardner Lewis Asset Management L P now owns 586,567 shares of the company’s stock worth $14,999,000 after acquiring an additional 439,351 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Premier Financial by 5.5% in the 4th quarter. JPMorgan Chase & Co. now owns 688,736 shares of the company’s stock valued at $17,611,000 after purchasing an additional 35,671 shares during the period. Vanguard Group Inc. lifted its stake in Premier Financial by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 2,042,764 shares of the company’s stock valued at $52,233,000 after purchasing an additional 51,285 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Premier Financial during the fourth quarter worth about $174,000. Finally, American Century Companies Inc. increased its position in Premier Financial by 0.8% during the fourth quarter. American Century Companies Inc. now owns 750,814 shares of the company’s stock worth $19,198,000 after buying an additional 6,231 shares during the last quarter. 66.14% of the stock is owned by institutional investors and hedge funds.

Premier Financial Price Performance

NASDAQ:PFC opened at $28.04 on Tuesday. Premier Financial Corp. has a 12-month low of $18.63 and a 12-month high of $29.64. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 14.09 and a beta of 1.28. The stock’s 50 day moving average price is $28.21 and its two-hundred day moving average price is $26.61. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.42.

Premier Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 31st were issued 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 is 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.