Rafferty Asset Management LLC lowered its holdings in shares of Premier Financial Corp. (NASDAQ:PFC – Free Report) by 20.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 24,122 shares of the company’s stock after selling 6,254 shares during the quarter. Rafferty Asset Management LLC’s holdings in Premier Financial were worth $412,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. O Shaughnessy Asset Management LLC lifted its holdings in shares of Premier Financial by 56.8% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 52,739 shares of the company’s stock worth $845,000 after acquiring an additional 19,101 shares during the last quarter. Foundry Partners LLC lifted its holdings in shares of Premier Financial by 15.1% in the 3rd quarter. Foundry Partners LLC now owns 182,775 shares of the company’s stock worth $3,118,000 after acquiring an additional 23,980 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Premier Financial by 766.2% in the 3rd quarter. Huntington National Bank now owns 1,741 shares of the company’s stock worth $30,000 after acquiring an additional 1,540 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Premier Financial by 251.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 113,906 shares of the company’s stock worth $1,943,000 after acquiring an additional 81,457 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Premier Financial by 21.3% in the 2nd quarter. Franklin Resources Inc. now owns 154,996 shares of the company’s stock worth $2,483,000 after acquiring an additional 27,190 shares during the last quarter. Institutional investors own 65.32% of the company’s stock.
Premier Financial Trading Down 2.2 %
NASDAQ PFC opened at $19.29 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 0.98. The company has a market capitalization of $689.23 million, a price-to-earnings ratio of 6.20 and a beta of 1.30. The company’s 50-day simple moving average is $22.09 and its two-hundred day simple moving average is $20.00. Premier Financial Corp. has a one year low of $13.60 and a one year high of $25.53.
Premier Financial (NASDAQ:PFC – Get Free Report) last posted its earnings results on Tuesday, January 23rd. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). The business had revenue of $64.34 million for the quarter, compared to analysts’ expectations of $66.15 million. Premier Financial had a net margin of 24.39% and a return on equity of 9.90%. Equities analysts forecast that Premier Financial Corp. will post 2.17 EPS for the current fiscal year.
Premier Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 9th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date was Thursday, February 8th. Premier Financial’s dividend payout ratio (DPR) is 39.87%.
Insider Buying and Selling at Premier Financial
In other news, Director Donald P. Hileman sold 1,500 shares of Premier Financial stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $20.07, for a total value of $30,105.00. Following the transaction, the director now owns 31,311 shares of the company’s stock, valued at approximately $628,411.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.90% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on PFC. Keefe, Bruyette & Woods decreased their price objective on shares of Premier Financial from $26.00 to $25.00 and set a “market perform” rating for the company in a report on Thursday, January 25th. TheStreet upgraded shares of Premier Financial from a “c+” rating to a “b-” rating in a report on Wednesday, December 13th. Hovde Group began coverage on shares of Premier Financial in a report on Tuesday, November 21st. They set a “market perform” rating and a $23.00 price objective for the company. Finally, Piper Sandler began coverage on shares of Premier Financial in a report on Friday. They set a “neutral” rating and a $21.00 price objective for the company.
Get Our Latest Stock Report on Premier Financial
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, and consumer loans.
See Also
Want to see what other hedge funds are holding PFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Premier Financial Corp. (NASDAQ:PFC – Free Report).
Receive News & Ratings for Premier Financial Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Premier Financial and related companies with MarketBeat.com’s FREE daily email newsletter.