Premier Financial (NASDAQ:PFC) Hits New 1-Year Low at $25.02

Premier Financial Corp. (NASDAQ:PFCGet Rating)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $25.02 and last traded at $25.52, with a volume of 603602 shares changing hands. The stock had previously closed at $25.45.

Separately, Janney Montgomery Scott upgraded Premier Financial from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 23rd.

The firm has a 50 day moving average price of $27.01 and a 200-day moving average price of $29.35. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.25. The firm has a market cap of $906.93 million, a PE ratio of 8.43 and a beta of 1.32.

Premier Financial (NASDAQ:PFCGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.04. The business had revenue of $74.77 million during the quarter, compared to analysts’ expectations of $73.57 million. Premier Financial had a return on equity of 11.07% and a net margin of 35.53%. During the same quarter last year, the business posted $1.10 EPS. Equities analysts forecast that Premier Financial Corp. will post 3.03 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 13th. Stockholders of record on Friday, May 6th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend was Thursday, May 5th. Premier Financial’s dividend payout ratio (DPR) is presently 39.74%.

In other news, Director Donald P. Hileman sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $25.67, for a total transaction of $25,670.00. Following the sale, the director now owns 82,038 shares of the company’s stock, valued at approximately $2,105,915.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Premier Financial by 0.8% during the first quarter. BlackRock Inc. now owns 3,936,296 shares of the company’s stock worth $119,390,000 after buying an additional 32,779 shares during the period. Dimensional Fund Advisors LP increased its position in Premier Financial by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,319,181 shares of the company’s stock worth $70,341,000 after buying an additional 24,792 shares during the period. Vanguard Group Inc. increased its position in Premier Financial by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,911,114 shares of the company’s stock worth $57,964,000 after buying an additional 11,103 shares during the period. The Manufacturers Life Insurance Company increased its position in Premier Financial by 0.3% during the first quarter. The Manufacturers Life Insurance Company now owns 1,380,678 shares of the company’s stock worth $41,876,000 after buying an additional 4,233 shares during the period. Finally, Brown Advisory Inc. increased its position in Premier Financial by 2.2% during the first quarter. Brown Advisory Inc. now owns 1,226,216 shares of the company’s stock worth $37,210,000 after buying an additional 26,662 shares during the period. 67.53% of the stock is currently owned by institutional investors.

Premier Financial Company Profile (NASDAQ:PFC)

Premier Financial Corp., through its subsidiaries, provides various banking services. It offers various 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, and consumer loans.

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