Principal Financial Group Inc. Raises Position in Premier Financial Corp. (NASDAQ:PFC)

Principal Financial Group Inc. lifted its stake in shares of Premier Financial Corp. (NASDAQ:PFC) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,844 shares of the company’s stock after buying an additional 2,271 shares during the period. Principal Financial Group Inc. owned about 0.07% of Premier Financial worth $686,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Capital Performance Advisors LLP bought a new position in Premier Financial in the 3rd quarter valued at $25,000. Versor Investments LP grew its position in Premier Financial by 538.1% during the third quarter. Versor Investments LP now owns 68,431 shares of the company’s stock valued at $1,607,000 after buying an additional 57,707 shares during the period. Royce & Associates LP grew its position in Premier Financial by 15.3% during the third quarter. Royce & Associates LP now owns 177,965 shares of the company’s stock valued at $4,179,000 after buying an additional 23,589 shares during the period. Empowered Funds LLC increased its holdings in Premier Financial by 5.3% during the third quarter. Empowered Funds LLC now owns 88,183 shares of the company’s stock worth $2,071,000 after buying an additional 4,422 shares during the last quarter. Finally, Quest Partners LLC boosted its stake in Premier Financial by 133.5% in the third quarter. Quest Partners LLC now owns 27,295 shares of the company’s stock valued at $641,000 after acquiring an additional 15,604 shares during the last quarter. Institutional investors own 66.14% of the company’s stock.

Premier Financial Stock Performance

Shares of PFC stock opened at $28.04 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.00 billion, a P/E ratio of 14.09 and a beta of 1.28. The company has a 50 day moving average of $27.04 and a 200-day moving average of $26.04. Premier Financial Corp. has a 12-month low of $18.63 and a 12-month high of $29.64.

Premier Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 31st were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date was Friday, January 31st. Premier Financial’s dividend payout ratio is currently 62.31%.

Premier Financial Company 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.