Charles Schwab Investment Management Inc. Acquires 9,998 Shares of Premier Financial Corp. (NASDAQ:PFC)

Charles Schwab Investment Management Inc. grew its holdings in Premier Financial Corp. (NASDAQ:PFC) by 0.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,254,516 shares of the company’s stock after purchasing an additional 9,998 shares during the period. Charles Schwab Investment Management Inc. owned approximately 3.50% of Premier Financial worth $32,078,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Barclays PLC grew its holdings in shares of Premier Financial by 60.0% during the 3rd quarter. Barclays PLC now owns 80,883 shares of the company’s stock valued at $1,900,000 after purchasing an additional 30,334 shares during the last quarter. State Street Corp grew its stake in shares of Premier Financial by 3.5% during the third quarter. State Street Corp now owns 1,055,377 shares of the company’s stock worth $24,780,000 after buying an additional 35,682 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Premier Financial by 32.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 383,616 shares of the company’s stock worth $9,809,000 after buying an additional 94,000 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Premier Financial by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 653,065 shares of the company’s stock worth $15,334,000 after buying an additional 49,367 shares in the last quarter. Finally, Polaris Capital Management LLC lifted its stake in shares of Premier Financial by 3.1% in the 4th quarter. Polaris Capital Management LLC now owns 357,483 shares of the company’s stock valued at $9,141,000 after acquiring an additional 10,700 shares during the last quarter. Institutional investors and hedge funds own 66.14% of the company’s stock.

Premier Financial Stock Performance

Shares of PFC stock opened at $28.04 on Monday. Premier Financial Corp. has a twelve month low of $18.63 and a twelve month high of $29.64. The stock’s fifty day simple moving average is $27.34 and its 200 day simple moving average is $26.21. 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 capitalization of $1.00 billion, a P/E ratio of 14.09 and a beta of 1.28.

Premier Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 31st were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend was Friday, January 31st. Premier Financial’s payout ratio is currently 62.31%.

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.