Creative Planning Increases Position in Premier Financial Corp. (NASDAQ:PFC)

Creative Planning lifted its stake in Premier Financial Corp. (NASDAQ:PFC) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,421 shares of the company’s stock after purchasing an additional 2,500 shares during the period. Creative Planning owned approximately 0.13% of Premier Financial worth $1,090,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PFC. Vanguard Group Inc. lifted its stake in Premier Financial by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,983,708 shares of the company’s stock valued at $40,269,000 after buying an additional 10,557 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Premier Financial by 18.0% in the second quarter. American Century Companies Inc. now owns 656,177 shares of the company’s stock valued at $13,425,000 after acquiring an additional 100,198 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Premier Financial by 7.5% in the first quarter. ProShare Advisors LLC now owns 390,967 shares of the company’s stock valued at $7,937,000 after acquiring an additional 27,201 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Premier Financial by 66.0% during the second quarter. AQR Capital Management LLC now owns 326,667 shares of the company’s stock valued at $6,684,000 after acquiring an additional 129,913 shares during the last quarter. Finally, LSV Asset Management increased its position in Premier Financial by 6.4% during the 1st quarter. LSV Asset Management now owns 274,177 shares of the company’s stock worth $5,566,000 after purchasing an additional 16,403 shares in the last quarter. Hedge funds and other institutional investors own 66.14% of the company’s stock.

Premier Financial Stock Down 0.6 %

Shares of NASDAQ:PFC opened at $24.66 on Friday. The firm has a market cap of $883.79 million, a PE ratio of 12.52 and a beta of 1.26. The company has a fifty day simple moving average of $24.09 and a 200 day simple moving average of $22.27. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.49. Premier Financial Corp. has a 12-month low of $17.08 and a 12-month high of $26.40.

Premier Financial (NASDAQ:PFC) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.04). Premier Financial had a net margin of 16.06% and a return on equity of 7.51%. The firm had revenue of $112.74 million for the quarter, compared to analyst estimates of $64.55 million. During the same period in the prior year, the company posted $0.69 earnings per share. On average, equities research analysts anticipate that Premier Financial Corp. will post 1.98 EPS for the current fiscal year.

Premier Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend is Friday, November 8th. Premier Financial’s payout ratio is currently 62.94%.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott reissued a “neutral” rating on shares of Premier Financial in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.50.

Insiders Place Their Bets

In other news, Director Donald P. Hileman sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $23.64, for a total value of $35,460.00. Following the completion of the sale, the director now directly owns 28,311 shares of the company’s stock, valued at approximately $669,272.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Premier Financial news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $25.01, for a total transaction of $50,020.00. Following the sale, the executive vice president now directly owns 38,114 shares of the company’s stock, valued at $953,231.14. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donald P. Hileman sold 1,500 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $23.64, for a total value of $35,460.00. Following the completion of the sale, the director now directly owns 28,311 shares of the company’s stock, valued at approximately $669,272.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.22% of the stock is currently owned by insiders.

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.