Premier Financial Corp. (NASDAQ:PFC) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in Premier Financial Corp. (NASDAQ:PFC) by 2.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,300 shares of the company’s stock after acquiring an additional 1,300 shares during the period. Victory Capital Management Inc. owned 0.13% of Premier Financial worth $988,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC purchased a new stake in Premier Financial in the 1st quarter valued at approximately $30,000. Innealta Capital LLC purchased a new stake in shares of Premier Financial in the second quarter valued at $36,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Premier Financial in the second quarter valued at $84,000. CWM LLC boosted its stake in shares of Premier Financial by 296.8% during the second quarter. CWM LLC now owns 6,480 shares of the company’s stock valued at $133,000 after acquiring an additional 4,847 shares during the last quarter. Finally, EMC Capital Management increased its position in Premier Financial by 56.9% during the 1st quarter. EMC Capital Management now owns 8,392 shares of the company’s stock worth $170,000 after purchasing an additional 3,043 shares in the last quarter. 66.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Janney Montgomery Scott restated a “neutral” rating on shares of Premier Financial in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Premier Financial currently has a consensus rating of “Hold” and a consensus price target of $22.50.

Premier Financial Trading Down 4.0 %

Shares of PFC opened at $24.09 on Friday. Premier Financial Corp. has a twelve month low of $15.79 and a twelve month high of $26.40. The firm has a market capitalization of $862.74 million, a P/E ratio of 7.77 and a beta of 1.26. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.49. The stock’s fifty day simple moving average is $24.35 and its 200 day simple moving average is $21.46.

Premier Financial (NASDAQ:PFC) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). The firm had revenue of $110.55 million during the quarter, compared to analysts’ expectations of $63.20 million. Premier Financial had a return on equity of 8.19% and a net margin of 18.07%. During the same quarter last year, the business earned $0.68 earnings per share. On average, equities research analysts forecast that Premier Financial Corp. will post 1.98 earnings per share for the current year.

Premier Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 9th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 5.15%. The ex-dividend date was Friday, August 9th. Premier Financial’s payout ratio is currently 40.00%.

Insider Activity

In other Premier Financial news, Director Donald P. Hileman sold 1,500 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $23.64, for a total value of $35,460.00. Following the transaction, the director now directly owns 28,311 shares of the company’s stock, valued at $669,272.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Premier Financial news, Director Donald P. Hileman sold 1,500 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $23.64, for a total value of $35,460.00. Following the completion of the sale, the director now owns 28,311 shares of the company’s stock, valued at $669,272.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dennis E. Rose, Jr. sold 2,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $25.01, for a total transaction of $50,020.00. Following the transaction, the executive vice president now directly owns 38,114 shares in the company, valued at $953,231.14. The disclosure for this sale can be found here. Insiders own 2.22% of the company’s stock.

About Premier Financial

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.