Premier Financial (NASDAQ:PFC) Releases Earnings Results, Beats Expectations By $0.34 EPS
Premier Financial (NASDAQ:PFC) announced its earnings results on Monday. The company reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.34, MarketWatch Earnings reports. Premier Financial had a net margin of 15.58% and a return on equity of 9.61%.
NASDAQ:PFC opened at $31.70 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.99 and a quick ratio of 0.95. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 22.81 and a beta of 1.47. The company has a 50 day moving average price of $33.05 and a 200-day moving average price of $26.52. Premier Financial has a 1-year low of $12.79 and a 1-year high of $35.90.
The company also recently announced a quarterly dividend, which was paid on Friday, February 19th. Stockholders of record on Friday, February 12th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.03%. This is a positive change from Premier Financial’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, February 11th. Premier Financial’s payout ratio is 37.94%.
A number of analysts have recently weighed in on PFC shares. Piper Sandler restated an “overweight” rating and issued a $25.50 price target (down from $26.50) on shares of Premier Financial in a report on Monday, December 28th. Zacks Investment Research upgraded shares of Premier Financial from a “hold” rating to a “strong-buy” rating and set a $33.00 price target on the stock in a report on Thursday, February 4th. Finally, Raymond James lifted their target price on shares of Premier Financial from $22.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, January 28th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $28.63.
About Premier Financial
Premier Financial Corp. operates as the holding company for Premier Bank and First Insurance Group that provides community banking and financial services. It offers checking, savings, money market, and term certificate accounts, as well as certificates of deposit; residential and commercial real estate, mortgage, installment, commercial, home improvement, home equity, consumer, and auto and vehicle loans; debit and credit cards; trustee services; and various insurance products, such as auto/vehicle, health, homeowners, and life insurance, as well as property, liability, business vehicle, cybersecurity, risk management, and employee group plans.
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