Premier Financial Corp. (NASDAQ:PFC) Shares Purchased by EMC Capital Management

EMC Capital Management raised its position in Premier Financial Corp. (NASDAQ:PFC) by 511.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,392 shares of the company’s stock after acquiring an additional 7,020 shares during the quarter. EMC Capital Management’s holdings in Premier Financial were worth $215,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Thrivent Financial for Lutherans increased its stake in Premier Financial by 27.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 78,797 shares of the company’s stock worth $1,613,000 after buying an additional 17,162 shares during the period. AQR Capital Management LLC grew its stake in shares of Premier Financial by 66.0% in the second quarter. AQR Capital Management LLC now owns 326,667 shares of the company’s stock worth $6,684,000 after acquiring an additional 129,913 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Premier Financial during the second quarter worth $219,000. Creative Planning raised its stake in shares of Premier Financial by 8.2% in the second quarter. Creative Planning now owns 43,921 shares of the company’s stock valued at $899,000 after acquiring an additional 3,345 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Premier Financial in the second quarter valued at $315,000. Institutional investors and hedge funds own 66.14% of the company’s stock.

Insider Buying and Selling

In other news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were 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 approximately $1,011,309.12. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.22% of the stock is owned by insiders.

Premier Financial Price Performance

Shares of NASDAQ PFC opened at $27.99 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.95 and a quick ratio of 0.93. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 14.07 and a beta of 1.28. The stock’s 50-day moving average is $26.58 and its two-hundred day moving average is $25.32. Premier Financial Corp. has a 1-year low of $18.63 and a 1-year high of $29.63.

Premier Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 31st will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.24 annualized dividend and a yield of 4.43%. Premier Financial’s dividend payout ratio (DPR) is 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.