Hennion & Walsh Asset Management Inc. Reduces Stock Position in Premier Financial Corp. (NASDAQ:PFC)

Hennion & Walsh Asset Management Inc. reduced its holdings in shares of Premier Financial Corp. (NASDAQ:PFC) by 23.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,621 shares of the company’s stock after selling 5,883 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 0.05% of Premier Financial worth $502,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its stake in Premier Financial by 27.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 78,797 shares of the company’s stock worth $1,613,000 after purchasing an additional 17,162 shares in the last quarter. Magnetar Financial LLC purchased a new stake in Premier Financial in the 2nd quarter worth approximately $212,000. Evergreen Capital Management LLC lifted its stake in Premier Financial by 8.6% in the 2nd quarter. Evergreen Capital Management LLC now owns 17,912 shares of the company’s stock worth $366,000 after purchasing an additional 1,414 shares in the last quarter. AQR Capital Management LLC lifted its stake in Premier Financial by 66.0% in the 2nd quarter. AQR Capital Management LLC now owns 326,667 shares of the company’s stock worth $6,684,000 after purchasing an additional 129,913 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Premier Financial in the 2nd quarter worth approximately $219,000. 66.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Premier Financial

In other Premier Financial news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 36,144 shares of the company’s stock, valued at $1,011,309.12. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.22% of the stock is owned by insiders.

Premier Financial Stock Performance

NASDAQ PFC opened at $25.14 on Tuesday. Premier Financial Corp. has a 1 year low of $18.63 and a 1 year high of $29.63. 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 stock has a market capitalization of $901.02 million, a PE ratio of 12.76 and a beta of 1.28. The company’s 50 day simple moving average is $26.80 and its two-hundred day simple moving average is $24.99.

Premier Financial (NASDAQ:PFC) last posted its quarterly earnings data 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). The company had revenue of $112.74 million for the quarter, compared to analysts’ expectations 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 last year, the business posted $0.69 EPS. Analysts predict that Premier Financial Corp. will post 2 earnings per share for the current fiscal year.

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.