Premier Financial (PFC) to Release Quarterly Earnings on Tuesday

Premier Financial (NASDAQ:PFC) is set to issue its quarterly earnings data after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Premier Financial (NASDAQ:PFC) last announced its earnings results on Tuesday, January 23rd. The company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). Premier Financial had a return on equity of 9.76% and a net margin of 24.39%. The company had revenue of $64.34 million during the quarter, compared to the consensus estimate of $66.15 million. On average, analysts expect Premier Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Premier Financial Trading Down 0.9 %

Shares of NASDAQ PFC opened at $19.34 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.37. The company has a market cap of $692.37 million, a PE ratio of 6.22 and a beta of 1.27. The company has a 50-day moving average of $19.78 and a two-hundred day moving average of $20.28. Premier Financial has a 1-year low of $13.60 and a 1-year high of $24.87.

Premier Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 9th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date of this dividend was Thursday, February 8th. Premier Financial’s dividend payout ratio (DPR) is 39.87%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Premier Financial from $26.00 to $25.00 and set a “market perform” rating for the company in a research note on Thursday, January 25th. Piper Sandler started coverage on shares of Premier Financial in a research note on Friday, February 23rd. They issued a “neutral” rating and a $21.00 target price for the company. Finally, Hovde Group raised shares of Premier Financial from a “market perform” rating to an “outperform” rating and set a $22.50 target price for the company in a research note on Monday, April 1st.

Insider Buying and Selling

In other Premier Financial news, Director Donald P. Hileman sold 1,500 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $20.07, for a total value of $30,105.00. Following the completion of the sale, the director now owns 31,311 shares in the company, valued at $628,411.77. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.22% of the stock is currently owned by corporate insiders.

Institutional Trading of Premier Financial

A number of hedge funds have recently modified their holdings of PFC. BlackRock Inc. raised its stake in Premier Financial by 6.3% in the 2nd quarter. BlackRock Inc. now owns 4,148,292 shares of the company’s stock worth $66,456,000 after purchasing an additional 244,224 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Premier Financial by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,319,181 shares of the company’s stock worth $70,341,000 after purchasing an additional 24,792 shares in the last quarter. Vanguard Group Inc. raised its stake in Premier Financial by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 1,973,151 shares of the company’s stock worth $47,553,000 after purchasing an additional 42,193 shares in the last quarter. Alliancebernstein L.P. raised its stake in Premier Financial by 19.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,425,847 shares of the company’s stock worth $38,455,000 after purchasing an additional 234,891 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Premier Financial by 0.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,380,678 shares of the company’s stock valued at $41,876,000 after buying an additional 4,233 shares in the last quarter. Institutional investors and hedge funds own 66.14% of the company’s stock.

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.