Premier Financial Corp. (NASDAQ:PFC) Shares Acquired by State Street Corp

State Street Corp increased its stake in shares of Premier Financial Corp. (NASDAQ:PFC) by 3.5% in the third quarter, HoldingsChannel reports. The firm owned 1,055,377 shares of the company’s stock after buying an additional 35,682 shares during the quarter. State Street Corp’s holdings in Premier Financial were worth $24,780,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in Premier Financial in the 3rd quarter valued at $25,000. Innealta Capital LLC acquired a new position in Premier Financial in the second quarter valued at $36,000. Allspring Global Investments Holdings LLC purchased a new position in Premier Financial during the second quarter worth about $84,000. SG Americas Securities LLC acquired a new stake in Premier Financial in the 3rd quarter worth about $200,000. Finally, Arizona State Retirement System purchased a new stake in Premier Financial in the 2nd quarter valued at about $205,000. Institutional investors and hedge funds own 66.14% of the company’s stock.

Insider Buying and Selling at Premier Financial

In related news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $27.98, for a total transaction of $55,960.00. Following the completion of the sale, the executive vice president now directly owns 36,144 shares of the company’s stock, valued at approximately $1,011,309.12. This represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.22% of the stock is owned by company insiders.

Premier Financial Trading Up 1.8 %

Shares of PFC stock opened at $26.21 on Monday. The firm’s 50-day simple moving average is $26.69 and its 200-day simple moving average is $24.13. 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 1-year low of $18.63 and a 1-year high of $29.63. The firm has a market cap of $939.39 million, a P/E ratio of 13.30 and a beta of 1.27.

Premier Financial (NASDAQ:PFC) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $0.46 EPS 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 analyst estimates of $64.55 million. Premier Financial had a return on equity of 7.43% and a net margin of 16.06%. During the same period last year, the company posted $0.69 EPS. As a group, equities analysts forecast that Premier Financial Corp. will post 2 EPS for the current year.

Premier Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend was Friday, November 8th. Premier Financial’s payout ratio is currently 62.94%.

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.