Sanctuary Advisors LLC Acquires 1,644 Shares of Premier Financial Corp. (NASDAQ:PFC)

Sanctuary Advisors LLC raised its holdings in Premier Financial Corp. (NASDAQ:PFC) by 10.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,598 shares of the company’s stock after acquiring an additional 1,644 shares during the quarter. Sanctuary Advisors LLC’s holdings in Premier Financial were worth $413,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PFC. Capital Performance Advisors LLP bought a new position in Premier Financial in the third quarter worth approximately $25,000. Innealta Capital LLC bought a new position in shares of Premier Financial during the 2nd quarter worth $36,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Premier Financial during the second quarter valued at $84,000. SG Americas Securities LLC bought a new stake in shares of Premier Financial in the third quarter valued at about $200,000. Finally, Arizona State Retirement System purchased a new stake in Premier Financial in the second quarter worth about $205,000. Hedge funds and other institutional investors own 66.14% of the company’s stock.

Insider Buying and Selling

In other Premier Financial news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $27.98, for a total value of $55,960.00. Following the completion of the sale, the executive vice president now directly owns 36,144 shares in the company, valued at $1,011,309.12. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.22% of the stock is currently owned by company insiders.

Premier Financial Stock Up 0.0 %

Shares of Premier Financial stock opened at $26.30 on Friday. 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 stock has a market cap of $942.62 million, a price-to-earnings ratio of 13.35 and a beta of 1.27. The firm’s 50-day moving average is $26.83 and its two-hundred day moving average is $24.29. Premier Financial Corp. has a 1 year low of $18.63 and a 1 year high of $29.63.

Premier Financial (NASDAQ:PFC) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). The business had revenue of $112.74 million for the quarter, compared to the consensus estimate of $64.55 million. Premier Financial had a net margin of 16.06% and a return on equity of 7.43%. During the same quarter in the prior year, the business posted $0.69 earnings per share. As a group, research analysts expect that Premier Financial Corp. will post 2 earnings per share for the current fiscal year.

Premier Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend was Friday, November 8th. Premier Financial’s payout ratio is 62.94%.

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.