Proficio Capital Partners LLC Buys New Holdings in Premier Financial Corp. (NASDAQ:PFC)

Proficio Capital Partners LLC bought a new position in shares of Premier Financial Corp. (NASDAQ:PFC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,064 shares of the company’s stock, valued at approximately $360,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Capital Performance Advisors LLP acquired a new position in Premier Financial in the third quarter valued at approximately $25,000. EMC Capital Management raised its holdings in shares of Premier Financial by 511.7% during the fourth quarter. EMC Capital Management now owns 8,392 shares of the company’s stock worth $215,000 after acquiring an additional 7,020 shares in the last quarter. SG Americas Securities LLC increased its position in Premier Financial by 13.4% during the fourth quarter. SG Americas Securities LLC now owns 9,646 shares of the company’s stock worth $247,000 after buying an additional 1,139 shares during the last quarter. Verition Fund Management LLC grew its position in shares of Premier Financial by 23.3% in the third quarter. Verition Fund Management LLC now owns 12,687 shares of the company’s stock valued at $298,000 after purchasing an additional 2,395 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its position in shares of Premier Financial by 10.3% in the third quarter. Sanctuary Advisors LLC now owns 17,598 shares of the company’s stock valued at $413,000 after purchasing an additional 1,644 shares during the last quarter. 66.14% of the stock is owned by hedge funds and other institutional investors.

Premier Financial Price Performance

NASDAQ PFC opened at $28.04 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 0.95. The firm has a 50-day simple moving average of $27.13 and a 200 day simple moving average of $26.12. Premier Financial Corp. has a twelve month low of $18.63 and a twelve month high of $29.64. The stock has a market cap of $1.00 billion, a PE ratio of 14.09 and a beta of 1.28.

Premier Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 31st were paid a dividend of $0.31 per share. 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 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.