Premier Financial (NASDAQ:PFC) Posts Earnings Results, Misses Estimates By $0.04 EPS

Premier Financial (NASDAQ:PFC) announced its earnings results on Tuesday. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.04), RTT News reports. The firm had revenue of $112.74 million for the quarter, compared to the consensus estimate of $64.55 million. Premier Financial had a return on equity of 8.19% and a net margin of 18.07%. During the same period in the previous year, the firm earned $0.69 EPS.

Premier Financial Stock Performance

Shares of NASDAQ PFC opened at $24.35 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.97 and a quick ratio of 0.95. Premier Financial has a one year low of $15.79 and a one year high of $26.40. The business’s 50-day moving average price is $24.01 and its two-hundred day moving average price is $22.07. The company has a market capitalization of $872.05 million, a P/E ratio of 7.84 and a beta of 1.26.

Premier Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 5.09%. The ex-dividend date of this dividend is Friday, November 8th. Premier Financial’s dividend payout ratio is currently 40.00%.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott reissued a “neutral” rating on shares of Premier Financial in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $22.50.

Insider Transactions at Premier Financial

In related news, Director Donald P. Hileman sold 1,500 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $23.64, for a total value of $35,460.00. Following the transaction, the director now owns 28,311 shares in the company, valued at approximately $669,272.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Premier Financial news, Director Donald P. Hileman sold 1,500 shares of the stock in a transaction that occurred 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 transaction, the director now owns 28,311 shares in the company, valued at $669,272.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dennis E. Rose, Jr. sold 2,000 shares of Premier Financial stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $25.01, for a total value of $50,020.00. Following the completion of the transaction, the executive vice president now directly owns 38,114 shares in the company, valued at approximately $953,231.14. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.22% of the company’s stock.

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.