Charles Schwab Investment Management Inc. Sells 71,933 Shares of Premier Financial Corp. (NASDAQ:PFC)

Charles Schwab Investment Management Inc. reduced its stake in shares of Premier Financial Corp. (NASDAQ:PFC) by 5.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,244,518 shares of the company’s stock after selling 71,933 shares during the period. Charles Schwab Investment Management Inc. owned about 3.47% of Premier Financial worth $29,221,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in Premier Financial during the 3rd quarter worth approximately $25,000. Innealta Capital LLC purchased a new position in shares of Premier Financial in the 2nd quarter worth approximately $36,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Premier Financial in the 2nd quarter worth approximately $84,000. CWM LLC boosted its stake in shares of Premier Financial by 296.8% in the 2nd quarter. CWM LLC now owns 6,480 shares of the company’s stock worth $133,000 after buying an additional 4,847 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Premier Financial in the 3rd quarter worth approximately $200,000. 66.14% of the stock is owned by institutional investors.

Insider Activity at Premier Financial

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

Premier Financial Price Performance

Shares of NASDAQ PFC opened at $27.91 on Thursday. Premier Financial Corp. has a twelve month low of $18.63 and a twelve month high of $29.63. The stock’s 50 day moving average price is $25.53 and its 200-day moving average price is $23.47. The company has a market capitalization of $1.00 billion, a PE ratio of 14.17 and a beta of 1.27. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.42.

Premier Financial (NASDAQ:PFC) last announced its earnings results 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 return on equity of 7.43% and a net margin of 16.06%. The business had revenue of $112.74 million during the quarter, compared to analysts’ expectations of $64.55 million. During the same quarter in the previous year, the firm earned $0.69 EPS. On average, equities analysts anticipate that Premier Financial Corp. will post 2 EPS for the current year.

Premier Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were paid a $0.31 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.24 annualized dividend and a yield of 4.44%. Premier Financial’s payout ratio is 62.94%.

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.