Barclays PLC Acquires 30,334 Shares of Premier Financial Corp. (NASDAQ:PFC)

Barclays PLC boosted its stake in shares of Premier Financial Corp. (NASDAQ:PFC) by 60.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 80,883 shares of the company’s stock after buying an additional 30,334 shares during the period. Barclays PLC owned approximately 0.23% of Premier Financial worth $1,900,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of PFC. Capital Performance Advisors LLP bought a new stake in shares of Premier Financial during the third quarter worth $25,000. Innealta Capital LLC bought a new position in Premier Financial during the 2nd quarter worth about $36,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Premier Financial in the 2nd quarter valued at about $84,000. SG Americas Securities LLC bought a new stake in shares of Premier Financial in the third quarter valued at about $200,000. Finally, Arizona State Retirement System acquired a new position in shares of Premier Financial during the second quarter worth about $205,000. 66.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the firm’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 completion of the sale, the executive vice president now directly owns 36,144 shares of the company’s stock, valued at $1,011,309.12. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.22% of the company’s stock.

Premier Financial Stock Up 0.0 %

Shares of Premier Financial stock opened at $26.30 on Friday. The firm has a market cap of $942.62 million, a PE ratio of 13.35 and a beta of 1.27. The business’s 50 day simple moving average is $26.83 and its 200 day simple moving average is $24.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 0.95. Premier Financial Corp. has a 52-week low of $18.63 and a 52-week high of $29.63.

Premier Financial (NASDAQ:PFC) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). The business had revenue of $112.74 million during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $0.69 EPS. On average, analysts predict that Premier Financial Corp. will post 2 earnings per share for the current fiscal 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 paid a $0.31 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a yield of 4.71%. Premier Financial’s dividend payout ratio is 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.