Premier Financial Corp. (NASDAQ:PFC) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its position in Premier Financial Corp. (NASDAQ:PFC) by 10.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,598 shares of the company’s stock after acquiring an additional 1,644 shares during the period. Sanctuary Advisors LLC’s holdings in Premier Financial were worth $413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Premier Financial Stock Up 0.0 %

NASDAQ:PFC opened at $26.30 on Friday. The firm has a market capitalization of $942.62 million, a P/E ratio of 13.35 and a beta of 1.27. The company’s fifty day moving average price is $26.83 and its 200-day moving average price is $24.29. Premier Financial Corp. has a 1-year low of $18.63 and a 1-year high of $29.63. 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 (NASDAQ:PFC) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). Premier Financial had a net margin of 16.06% and a return on equity of 7.43%. The company had revenue of $112.74 million for the quarter, compared to analysts’ expectations of $64.55 million. During the same quarter in the previous year, the business posted $0.69 EPS. As a group, equities research analysts anticipate that Premier Financial Corp. will post 2 EPS for the current year.

Premier Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 4.71%. The ex-dividend date was Friday, November 8th. Premier Financial’s payout ratio is presently 62.94%.

Insiders Place Their Bets

In other Premier Financial news, EVP Dennis E. Rose, Jr. sold 2,000 shares of Premier Financial 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 completion of the transaction, the executive vice president now owns 36,144 shares of the company’s stock, valued at approximately $1,011,309.12. The trade was a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.22% of the company’s stock.

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.