Premier Financial Corp. (NASDAQ:PFC) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Premier Financial Corp. (NASDAQ:PFC) by 5.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,303 shares of the company’s stock after purchasing an additional 968 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.06% of Premier Financial worth $489,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PFC. Huntington National Bank boosted its position in shares of Premier Financial by 766.2% during the third quarter. Huntington National Bank now owns 1,741 shares of the company’s stock worth $30,000 after buying an additional 1,540 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of Premier Financial in the 3rd quarter worth approximately $43,000. Creative Financial Designs Inc. ADV bought a new position in shares of Premier Financial in the fourth quarter valued at $47,000. Quantbot Technologies LP lifted its position in shares of Premier Financial by 480.0% during the 3rd quarter. Quantbot Technologies LP now owns 5,266 shares of the company’s stock valued at $90,000 after acquiring an additional 4,358 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Premier Financial during the 3rd quarter worth $171,000. 66.14% of the stock is currently owned by institutional investors.

Premier Financial Stock Down 1.6 %

NASDAQ:PFC opened at $19.75 on Friday. The business’s fifty day moving average price is $19.71 and its 200 day moving average price is $20.42. The firm has a market capitalization of $707.13 million, a price-to-earnings ratio of 6.37 and a beta of 1.27. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.37. Premier Financial Corp. has a 1-year low of $13.60 and a 1-year high of $24.87.

Premier Financial (NASDAQ:PFC) last issued its earnings results on Tuesday, April 23rd. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $108.84 million for the quarter, compared to the consensus estimate of $63.93 million. Premier Financial had a return on equity of 9.19% and a net margin of 23.67%. During the same quarter in the prior year, the company earned $0.63 EPS. On average, sell-side analysts forecast that Premier Financial Corp. will post 2.13 earnings per share for the current fiscal year.

Premier Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, May 3rd will be given a $0.31 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 6.28%. Premier Financial’s payout ratio is 40.00%.

Analyst Ratings Changes

PFC has been the subject of several analyst reports. Hovde Group raised Premier Financial from a “market perform” rating to an “outperform” rating and set a $22.50 target price for the company in a report on Monday, April 1st. Piper Sandler upped their price objective on shares of Premier Financial from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $23.00 target price (down from $25.00) on shares of Premier Financial in a research report on Thursday.

Insider Buying and Selling at Premier Financial

In related news, Director Donald P. Hileman sold 1,500 shares of Premier Financial stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $20.07, for a total transaction of $30,105.00. Following the completion of the sale, the director now owns 31,311 shares of the company’s stock, valued at $628,411.77. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.22% 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.