Premier Financial (NASDAQ:PFC) Hits New 1-Year Low at $25.01

Premier Financial Corp. (NASDAQ:PFCGet Rating)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $25.01 and last traded at $25.31, with a volume of 124225 shares trading hands. The stock had previously closed at $25.78.

Separately, Janney Montgomery Scott upgraded Premier Financial from a “neutral” rating to a “buy” rating in a report on Wednesday, February 23rd.

The firm has a market cap of $899.47 million, a price-to-earnings ratio of 8.54 and a beta of 1.32. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average of $26.77 and a 200-day moving average of $29.24.

Premier Financial (NASDAQ:PFCGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. Premier Financial had a return on equity of 11.07% and a net margin of 35.53%. The business had revenue of $74.77 million during the quarter, compared to analyst estimates of $73.57 million. During the same quarter in the previous year, the firm posted $1.10 EPS. As a group, research analysts expect that Premier Financial Corp. will post 3.03 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 13th. Stockholders of record on Friday, May 6th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 4.74%. Premier Financial’s payout ratio is 39.74%.

In related news, Director Donald P. Hileman sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $25.67, for a total transaction of $25,670.00. Following the completion of the transaction, the director now owns 82,038 shares of the company’s stock, valued at $2,105,915.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Moors & Cabot Inc. purchased a new position in shares of Premier Financial in the third quarter worth approximately $27,000. Clearstead Advisors LLC purchased a new position in shares of Premier Financial in the fourth quarter worth approximately $31,000. Point72 Hong Kong Ltd purchased a new position in shares of Premier Financial in the first quarter worth approximately $66,000. Huntington National Bank increased its position in shares of Premier Financial by 995.0% in the first quarter. Huntington National Bank now owns 2,201 shares of the company’s stock worth $67,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of Premier Financial by 30.1% in the first quarter. Great West Life Assurance Co. Can now owns 2,842 shares of the company’s stock worth $90,000 after acquiring an additional 657 shares in the last quarter. Hedge funds and other institutional investors own 67.53% of the company’s stock.

About Premier Financial (NASDAQ:PFC)

Premier Financial Corp., through its subsidiaries, provides various banking services. It offers various 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.

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