Proficio Capital Partners LLC Invests $360,000 in Premier Financial Corp. (NASDAQ:PFC)

Proficio Capital Partners LLC bought a new position in shares of Premier Financial Corp. (NASDAQ:PFC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 14,064 shares of the company’s stock, valued at approximately $360,000.

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new stake in shares of Premier Financial during the 4th quarter worth about $26,000. EMC Capital Management raised its holdings 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 purchasing an additional 7,020 shares during the period. SG Americas Securities LLC boosted 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 purchasing an additional 1,139 shares in the last quarter. Verition Fund Management LLC grew its holdings in 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 period. Finally, Sanctuary Advisors LLC increased 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 buying an additional 1,644 shares in the last quarter. 66.14% of the stock is currently owned by hedge funds and other institutional investors.

Premier Financial Stock Performance

Shares of NASDAQ:PFC opened at $28.04 on Wednesday. The business’s 50 day moving average price is $27.82 and its 200-day moving average price is $26.37. Premier Financial Corp. has a 1 year low of $18.63 and a 1 year high of $29.64. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 14.09 and a beta of 1.28. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.95 and a quick ratio of 0.93.

Premier Financial Dividend Announcement

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

Premier Financial 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.