Geode Capital Management LLC Acquires 8,542 Shares of Premier Financial Corp. (NASDAQ:PFC)

Geode Capital Management LLC raised its stake in Premier Financial Corp. (NASDAQ:PFC) by 1.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 864,387 shares of the company’s stock after buying an additional 8,542 shares during the period. Geode Capital Management LLC owned 2.41% of Premier Financial worth $20,300,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PFC. Allspring Global Investments Holdings LLC acquired a new stake in Premier Financial in the second quarter valued at approximately $84,000. Principal Financial Group Inc. increased its position in shares of Premier Financial by 8.2% during the 2nd quarter. Principal Financial Group Inc. now owns 20,031 shares of the company’s stock valued at $410,000 after purchasing an additional 1,520 shares during the last quarter. Rhumbline Advisers increased its holdings in Premier Financial by 1.9% during the second quarter. Rhumbline Advisers now owns 58,144 shares of the company’s stock worth $1,190,000 after buying an additional 1,075 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Premier Financial by 2.8% in the second quarter. Victory Capital Management Inc. now owns 48,300 shares of the company’s stock valued at $988,000 after buying an additional 1,300 shares during the period. Finally, Arizona State Retirement System purchased a new stake in Premier Financial during the second quarter valued at about $205,000. Institutional investors own 66.14% of the company’s stock.

Insider Activity

In other news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the 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 transaction, the executive vice president now 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.22% of the company’s stock.

Premier Financial Stock Down 2.0 %

Shares of NASDAQ PFC opened at $25.77 on Friday. The business has a 50-day simple moving average of $26.85 and a two-hundred day simple moving average of $24.38. The company has a market cap of $923.62 million, a P/E ratio of 13.08 and a beta of 1.27. Premier Financial Corp. has a 52 week low of $18.63 and a 52 week high of $29.63. 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 (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 the consensus estimate of $64.55 million. Premier Financial had a net margin of 16.06% and a return on equity of 7.43%. During the same quarter in the previous year, the firm earned $0.69 earnings per share. Research analysts anticipate that Premier Financial Corp. will post 2 earnings per share for the current fiscal year.

Premier Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a yield of 4.81%. Premier Financial’s dividend 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.