Premier Financial Corp. (NASDAQ:PFC) Shares Sold by Trexquant Investment LP

Trexquant Investment LP trimmed its position in Premier Financial Corp. (NASDAQ:PFCFree Report) by 50.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,607 shares of the company’s stock after selling 28,751 shares during the quarter. Trexquant Investment LP owned about 0.08% of Premier Financial worth $689,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Huntington National Bank boosted its holdings in Premier Financial by 766.2% in the 3rd quarter. Huntington National Bank now owns 1,741 shares of the company’s stock valued at $30,000 after purchasing an additional 1,540 shares during the last quarter. Creative Financial Designs Inc. ADV purchased a new stake in shares of Premier Financial in the 4th quarter valued at approximately $47,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Premier Financial in the 3rd quarter valued at approximately $43,000. AJOVista LLC purchased a new stake in shares of Premier Financial in the 4th quarter valued at approximately $115,000. Finally, Quantbot Technologies LP raised its stake in shares of Premier Financial by 480.0% in 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 period. 66.14% of the stock is currently owned by institutional investors and hedge funds.

Premier Financial Price Performance

Shares of PFC opened at $19.71 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.35. Premier Financial Corp. has a fifty-two week low of $13.68 and a fifty-two week high of $24.87. The company has a market cap of $705.82 million, a P/E ratio of 6.36 and a beta of 1.27. The firm’s 50 day moving average price is $20.11 and its 200 day moving average price is $20.91.

Premier Financial (NASDAQ:PFCGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Premier Financial had a net margin of 23.67% and a return on equity of 9.12%. The company had revenue of $108.84 million during the quarter, compared to analysts’ expectations of $63.93 million. During the same quarter in the previous year, the business posted $0.63 EPS. On average, research analysts forecast that Premier Financial Corp. will post 2.14 earnings per share for the current fiscal year.

Premier Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, May 3rd were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 6.29%. The ex-dividend date of this dividend was Thursday, May 2nd. Premier Financial’s dividend payout ratio (DPR) is presently 40.00%.

Wall Street Analyst Weigh In

PFC has been the topic of a number of research analyst reports. Piper Sandler boosted their price target on shares of Premier Financial from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Hovde Group raised shares of Premier Financial from a “market perform” rating to an “outperform” rating and set a $22.50 price target on the stock in a research note on Monday, April 1st. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $23.00 price target (down from $25.00) on shares of Premier Financial in a research note on Thursday, April 25th.

View Our Latest Analysis on Premier Financial

Insider Activity

In related news, Director Donald P. Hileman sold 1,500 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $21.19, for a total value of $31,785.00. Following the transaction, the director now directly owns 29,811 shares of the company’s stock, valued at approximately $631,695.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.22% of the company’s stock.

Premier Financial Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Premier Financial (NASDAQ:PFC)

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