Premier Financial Corp. (NASDAQ:PFC) EVP Dennis E. Rose, Jr. Sells 2,000 Shares

Premier Financial Corp. (NASDAQ:PFC) EVP Dennis E. Rose, Jr. sold 2,000 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $27.98, for a total value of $55,960.00. Following the sale, the executive vice president now directly owns 36,144 shares in the company, valued at $1,011,309.12. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Premier Financial Price Performance

PFC stock opened at $27.50 on Thursday. The stock has a market cap of $985.60 million, a PE ratio of 13.96 and a beta of 1.25. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.95 and a quick ratio of 0.93. Premier Financial Corp. has a one year low of $18.63 and a one year high of $29.15. The firm has a 50 day simple moving average of $24.83 and a two-hundred day simple moving average of $23.02.

Premier Financial (NASDAQ:PFC) last issued its earnings results on Tuesday, October 22nd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.04). The company had revenue of $112.74 million for the quarter, compared to analysts’ expectations of $64.55 million. Premier Financial had a net margin of 16.06% and a return on equity of 7.43%. During the same quarter in the prior year, the company earned $0.69 earnings per share. On average, analysts predict that Premier Financial Corp. will post 2 EPS for the current fiscal year.

Premier Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.24 annualized dividend and a dividend yield of 4.51%. Premier Financial’s dividend payout ratio is 62.94%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in Premier Financial in the third quarter worth about $25,000. Rhumbline Advisers boosted its position in shares of Premier Financial by 1.9% during the second quarter. Rhumbline Advisers now owns 58,144 shares of the company’s stock valued at $1,190,000 after buying an additional 1,075 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Premier Financial by 2.8% during the second quarter. Victory Capital Management Inc. now owns 48,300 shares of the company’s stock valued at $988,000 after purchasing an additional 1,300 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Premier Financial by 8.6% in the 2nd quarter. Evergreen Capital Management LLC now owns 17,912 shares of the company’s stock worth $366,000 after buying an additional 1,414 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Premier Financial by 6.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,630 shares of the company’s stock valued at $500,000 after purchasing an additional 1,473 shares during the period. Hedge funds and other institutional investors own 66.14% of the company’s stock.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott reissued a “neutral” rating on shares of Premier Financial in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Premier Financial currently has a consensus rating of “Hold” and a consensus price target 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.