Premier Financial Corp. (NASDAQ:PFC) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC grew its position in shares of Premier Financial Corp. (NASDAQ:PFC) by 17.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,048 shares of the company’s stock after purchasing an additional 7,461 shares during the period. Jane Street Group LLC owned 0.14% of Premier Financial worth $1,199,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in Premier Financial during the third quarter worth about $25,000. Rhumbline Advisers increased its stake in shares of Premier Financial by 1.9% during the 2nd quarter. Rhumbline Advisers now owns 58,144 shares of the company’s stock valued at $1,190,000 after acquiring an additional 1,075 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Premier Financial by 2.8% during the 2nd quarter. Victory Capital Management Inc. now owns 48,300 shares of the company’s stock worth $988,000 after acquiring an additional 1,300 shares during the period. Evergreen Capital Management LLC boosted its position in shares of Premier Financial by 8.6% in the second quarter. Evergreen Capital Management LLC now owns 17,912 shares of the company’s stock worth $366,000 after acquiring an additional 1,414 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Premier Financial by 8.2% in the second 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 period. 66.14% of the stock is currently owned by hedge funds and other institutional investors.

Premier Financial Stock Performance

Shares of PFC stock opened at $25.77 on Monday. The firm has a market capitalization of $923.62 million, a price-to-earnings ratio of 13.08 and a beta of 1.27. The company has a 50 day moving average price of $26.85 and a 200 day moving average price of $24.41. Premier Financial Corp. has a one year low of $18.63 and a one year high of $29.63. 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 (NASDAQ:PFC) last released 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). Premier Financial had a return on equity of 7.43% and a net margin of 16.06%. The firm had revenue of $112.74 million for the quarter, compared to analyst estimates of $64.55 million. During the same quarter in the previous year, the company earned $0.69 earnings per share. Sell-side 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. Stockholders of record on Friday, November 8th were issued a $0.31 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.81%. Premier Financial’s dividend payout ratio (DPR) is 62.94%.

Insider Activity

In related news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $27.98, for a total transaction 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 approximately $1,011,309.12. This represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.