Evergreen Capital Management LLC Has $366,000 Stake in Premier Financial Corp. (NASDAQ:PFC)

Evergreen Capital Management LLC grew its holdings in Premier Financial Corp. (NASDAQ:PFC) by 8.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,912 shares of the company’s stock after purchasing an additional 1,414 shares during the quarter. Evergreen Capital Management LLC owned about 0.05% of Premier Financial worth $366,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in PFC. Fidelis Capital Partners LLC bought a new stake in shares of Premier Financial during the first quarter valued at approximately $30,000. Innealta Capital LLC acquired a new position in Premier Financial during the 2nd quarter worth $36,000. Allspring Global Investments Holdings LLC acquired a new position in Premier Financial during the 2nd quarter worth $84,000. CWM LLC boosted its position in Premier Financial by 296.8% in the 2nd quarter. CWM LLC now owns 6,480 shares of the company’s stock valued at $133,000 after buying an additional 4,847 shares during the last quarter. Finally, EMC Capital Management increased its stake in shares of Premier Financial by 56.9% in the 1st quarter. EMC Capital Management now owns 8,392 shares of the company’s stock valued at $170,000 after buying an additional 3,043 shares during the period. Institutional investors own 66.14% of the company’s stock.

Premier Financial Stock Up 0.2 %

NASDAQ:PFC opened at $23.09 on Friday. The stock’s fifty day simple moving average is $24.29 and its 200-day simple moving average is $21.54. The firm has a market capitalization of $827.55 million, a P/E ratio of 7.45 and a beta of 1.26. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 0.49. Premier Financial Corp. has a 12-month low of $15.79 and a 12-month high of $26.40.

Premier Financial (NASDAQ:PFC) last posted its earnings results on Tuesday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.06). Premier Financial had a return on equity of 8.19% and a net margin of 18.07%. The company had revenue of $110.55 million for the quarter, compared to analyst estimates of $63.20 million. During the same quarter in the previous year, the firm posted $0.68 earnings per share. Equities research analysts expect that Premier Financial Corp. will post 1.98 earnings per share for the current year.

Premier Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 9th were given a dividend of $0.31 per share. The ex-dividend date was Friday, August 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.37%. Premier Financial’s dividend payout ratio is 40.00%.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott reiterated a “neutral” rating on shares of Premier Financial in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.50.

Insider Activity

In other Premier Financial news, Director Donald P. Hileman sold 1,500 shares of Premier Financial stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $23.64, for a total transaction of $35,460.00. Following the transaction, the director now directly owns 28,311 shares in the company, valued at $669,272.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Donald P. Hileman sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $23.64, for a total value of $35,460.00. Following the completion of the transaction, the director now owns 28,311 shares in the company, valued at $669,272.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dennis E. Rose, Jr. sold 2,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $25.01, for a total transaction of $50,020.00. Following the sale, the executive vice president now owns 38,114 shares in the company, valued at $953,231.14. The disclosure for this sale can be found here. 2.22% of the stock is owned by company insiders.

About Premier Financial

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.