Bank of New York Mellon Corp Decreases Holdings in Premier Financial Corp. (NASDAQ:PFC)

Bank of New York Mellon Corp reduced its position in Premier Financial Corp. (NASDAQ:PFC) by 10.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 244,505 shares of the company’s stock after selling 28,461 shares during the quarter. Bank of New York Mellon Corp owned 0.68% of Premier Financial worth $6,252,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EMC Capital Management grew its stake in Premier Financial by 511.7% in the 4th 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 lifted 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 valued at $247,000 after acquiring an additional 1,139 shares during the last quarter. Verition Fund Management LLC lifted its position in Premier Financial by 23.3% during the third quarter. Verition Fund Management LLC now owns 12,687 shares of the company’s stock valued at $298,000 after acquiring an additional 2,395 shares during the last quarter. Sanctuary Advisors LLC raised its holdings 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 worth $413,000 after buying an additional 1,644 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Premier Financial by 22.7% in the third quarter. Principal Financial Group Inc. now owns 24,573 shares of the company’s stock worth $577,000 after buying an additional 4,542 shares during the last quarter. 66.14% of the stock is owned by hedge funds and other institutional investors.

Premier Financial Stock Performance

Shares of Premier Financial stock opened at $28.04 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 firm has a fifty day moving average price of $27.34 and a 200 day moving average price of $26.21. Premier Financial Corp. has a 1 year low of $18.63 and a 1 year 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 31st were issued a dividend of $0.31 per share. The ex-dividend date was Friday, January 31st. This represents a $1.24 annualized dividend and a dividend yield of 4.42%. Premier Financial’s dividend payout ratio (DPR) is presently 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.