Hsbc Holdings PLC raised its position in Premier Financial Corp. (NASDAQ:PFC – Get Rating) by 10.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 11,247 shares of the company’s stock after acquiring an additional 1,110 shares during the period. Hsbc Holdings PLC’s holdings in Premier Financial were worth $294,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Foundry Partners LLC lifted its holdings in shares of Premier Financial by 21.2% in the third quarter. Foundry Partners LLC now owns 186,015 shares of the company’s stock valued at $4,781,000 after purchasing an additional 32,562 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Premier Financial by 6.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 51,853 shares of the company’s stock valued at $1,331,000 after purchasing an additional 3,133 shares in the last quarter. D.A. Davidson & CO. bought a new position in shares of Premier Financial in the third quarter valued at approximately $232,000. State of New Jersey Common Pension Fund D bought a new position in shares of Premier Financial in the third quarter valued at approximately $2,222,000. Finally, Salzhauer Michael lifted its holdings in shares of Premier Financial by 106.8% in the third quarter. Salzhauer Michael now owns 59,577 shares of the company’s stock valued at $1,531,000 after purchasing an additional 30,770 shares in the last quarter. Institutional investors and hedge funds own 66.64% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods lowered Premier Financial from an “outperform” rating to a “market perform” rating and set a $32.00 target price on the stock. in a report on Monday, December 12th.
Premier Financial Stock Performance
Premier Financial (NASDAQ:PFC – Get Rating) last issued its quarterly earnings results on Tuesday, January 24th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.11). The business had revenue of $76.85 million for the quarter, compared to the consensus estimate of $78.40 million. Premier Financial had a return on equity of 11.36% and a net margin of 30.07%. As a group, analysts anticipate that Premier Financial Corp. will post 2.87 EPS for the current year.
Premier Financial Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 17th. Shareholders of record on Friday, February 10th were paid a $0.31 dividend. The ex-dividend date of this dividend was Thursday, February 9th. This is a positive change from Premier Financial’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 5.21%. Premier Financial’s payout ratio is presently 43.36%.
Insider Buying and Selling at Premier Financial
In other Premier Financial news, Director Donald P. Hileman sold 1,500 shares of the business’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $24.96, for a total value of $37,440.00. Following the sale, the director now directly owns 101,867 shares in the company, valued at $2,542,600.32. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.90% of the company’s stock.
Premier Financial Profile
Premier Financial Corp. is a holding company, which engages in the provision of banking business. It focuses on traditional banking and property and casualty, life and, group health insurance products. It offers family real estate, multi-family residential and non-residential, consumer, commercial, construction, and home equity and improvement loans.
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