Premier Financial Corp. (NASDAQ:PFC) Director Donald P. Hileman Sells 1,500 Shares

Premier Financial Corp. (NASDAQ:PFC) Director Donald P. Hileman sold 1,500 shares of Premier Financial stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $23.64, for a total transaction of $35,460.00. Following the completion of the sale, the director now owns 28,311 shares of the company’s stock, valued at approximately $669,272.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Premier Financial Price Performance

Shares of NASDAQ PFC opened at $24.38 on Tuesday. Premier Financial Corp. has a twelve month low of $15.79 and a twelve month high of $26.40. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $873.12 million, a price-to-earnings ratio of 7.86 and a beta of 1.28. The firm has a 50-day moving average of $22.12 and a two-hundred day moving average of $20.72.

Premier Financial (NASDAQ:PFC) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). The business had revenue of $110.55 million during the quarter, compared to analyst estimates of $63.20 million. Premier Financial had a net margin of 18.07% and a return on equity of 8.23%. During the same period in the previous year, the company posted $0.68 earnings per share. As a group, analysts expect that Premier Financial Corp. will post 2.03 earnings per share for the current fiscal year.

Premier Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 9th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.09%. Premier Financial’s dividend payout ratio is 40.00%.

Hedge Funds Weigh In On Premier Financial

Large investors have recently made changes to their positions in the business. Fidelis Capital Partners LLC bought a new stake in shares of Premier Financial in the 1st quarter valued at approximately $30,000. Innealta Capital LLC bought a new stake in Premier Financial during the second quarter worth approximately $36,000. Frazier Financial Advisors LLC bought a new stake in Premier Financial during the fourth quarter worth approximately $78,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Premier Financial in the second quarter valued at approximately $84,000. Finally, AJOVista LLC bought a new stake in shares of Premier Financial in the fourth quarter valued at approximately $115,000. Institutional investors and hedge funds own 66.14% of the company’s stock.

Analyst Upgrades and Downgrades

PFC has been the subject of a number of research analyst reports. Piper Sandler lifted their price target on shares of Premier Financial from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Janney Montgomery Scott reissued a “neutral” rating on shares of Premier Financial in a report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $23.00 price objective (down previously from $25.00) on shares of Premier Financial in a report on Thursday, April 25th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.50.

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.