Premier Financial Corp. (NASDAQ:PFC) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in Premier Financial Corp. (NASDAQ:PFC) by 22.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,573 shares of the company’s stock after buying an additional 4,542 shares during the period. Principal Financial Group Inc. owned approximately 0.07% of Premier Financial worth $577,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new position in shares of Premier Financial in the 3rd quarter valued at $25,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Premier Financial during the second quarter worth approximately $84,000. SG Americas Securities LLC purchased a new stake in shares of Premier Financial during the third quarter worth approximately $200,000. CWM LLC lifted its stake in shares of Premier Financial by 42.1% in the third quarter. CWM LLC now owns 9,211 shares of the company’s stock worth $216,000 after buying an additional 2,731 shares in the last quarter. Finally, Arizona State Retirement System purchased a new stake in Premier Financial during the 2nd quarter valued at about $205,000. Institutional investors and hedge funds own 66.14% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Dennis E. Rose, Jr. sold 2,000 shares of Premier Financial stock in a transaction that occurred on Monday, November 18th. The shares were 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 in the company, valued at approximately $1,011,309.12. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.22% of the stock is currently owned by insiders.

Premier Financial Trading Up 0.7 %

PFC opened at $25.34 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.95 and a quick ratio of 0.93. The company’s 50 day simple moving average is $26.98 and its two-hundred day simple moving average is $24.64. The firm has a market capitalization of $908.21 million, a price-to-earnings ratio of 12.86 and a beta of 1.27. Premier Financial Corp. has a 1-year low of $18.63 and a 1-year high of $29.63.

Premier Financial (NASDAQ:PFC) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.04). Premier Financial had a net margin of 16.06% and a return on equity of 7.43%. The firm had revenue of $112.74 million for the quarter, compared to analyst estimates of $64.55 million. During the same period in the previous year, the firm posted $0.69 EPS. Analysts expect that Premier Financial Corp. will post 2 EPS for the current fiscal year.

Premier Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were given 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 4.89%. Premier Financial’s payout ratio is currently 62.94%.

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.