JPMorgan Chase & Co. Raises Stock Holdings in Premier Financial Corp. (NASDAQ:PFC)

JPMorgan Chase & Co. grew its stake in shares of Premier Financial Corp. (NASDAQ:PFC) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 688,736 shares of the company’s stock after buying an additional 35,671 shares during the period. JPMorgan Chase & Co. owned 1.92% of Premier Financial worth $17,611,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PFC. ABC Arbitrage SA bought a new stake in Premier Financial during the 4th quarter worth approximately $4,916,000. Assenagon Asset Management S.A. increased its stake in shares of Premier Financial by 32.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 383,616 shares of the company’s stock worth $9,809,000 after purchasing an additional 94,000 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Premier Financial by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 2,042,764 shares of the company’s stock valued at $52,233,000 after purchasing an additional 51,285 shares during the period. State Street Corp lifted its stake in shares of Premier Financial by 3.5% during the 3rd quarter. State Street Corp now owns 1,055,377 shares of the company’s stock valued at $24,780,000 after buying an additional 35,682 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Premier Financial by 60.0% in the 3rd quarter. Barclays PLC now owns 80,883 shares of the company’s stock worth $1,900,000 after buying an additional 30,334 shares during the period. 66.14% of the stock is currently owned by institutional investors.

Premier Financial Stock Performance

Shares of PFC stock opened at $28.04 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 0.95. The stock has a fifty day simple moving average of $28.24 and a two-hundred day simple moving average of $26.76. The firm has a market capitalization of $1.00 billion, a PE ratio of 14.09 and a beta of 1.28. Premier Financial Corp. has a 52-week low of $18.63 and a 52-week high of $29.64.

Premier Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 31st were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 4.42%. The ex-dividend date was Friday, January 31st. Premier Financial’s dividend payout ratio (DPR) is presently 62.31%.

Premier Financial 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.