JPMorgan Chase & Co. Has $15.33 Million Holdings in Premier Financial Corp. (NASDAQ:PFC)

JPMorgan Chase & Co. grew its holdings in shares of Premier Financial Corp. (NASDAQ:PFC) by 8.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 653,065 shares of the company’s stock after buying an additional 49,367 shares during the period. JPMorgan Chase & Co. owned approximately 1.82% of Premier Financial worth $15,334,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Versor Investments LP boosted its holdings in Premier Financial by 538.1% during the 3rd quarter. Versor Investments LP now owns 68,431 shares of the company’s stock worth $1,607,000 after acquiring an additional 57,707 shares during the last quarter. Barclays PLC increased its position in Premier Financial by 60.0% in the third quarter. Barclays PLC now owns 80,883 shares of the company’s stock worth $1,900,000 after buying an additional 30,334 shares during the last quarter. State Street Corp increased its holdings in Premier Financial by 3.5% in the 3rd quarter. State Street Corp now owns 1,055,377 shares of the company’s stock worth $24,780,000 after acquiring an additional 35,682 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Premier Financial by 66.0% in the second quarter. AQR Capital Management LLC now owns 326,667 shares of the company’s stock valued at $6,684,000 after purchasing an additional 129,913 shares during the period. Finally, Citigroup Inc. lifted its position in shares of Premier Financial by 2,017.1% during the third quarter. Citigroup Inc. now owns 751,923 shares of the company’s stock worth $17,655,000 after acquiring an additional 716,406 shares in the last quarter. 66.14% of the stock is owned by institutional investors.

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 on Monday, November 18th. The stock was sold at an average price of $27.98, for a total transaction of $55,960.00. Following the completion of the transaction, the executive vice president now owns 36,144 shares of the company’s stock, valued at approximately $1,011,309.12. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.22% of the stock is currently owned by insiders.

Premier Financial Stock Down 3.7 %

PFC opened at $23.81 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. Premier Financial Corp. has a one year low of $18.63 and a one year high of $29.63. The firm has a market capitalization of $853.37 million, a P/E ratio of 12.09 and a beta of 1.28. The company has a fifty day moving average price of $26.98 and a 200-day moving average price of $24.75.

Premier Financial (NASDAQ:PFC) last announced its 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). The company had revenue of $112.74 million during the quarter, compared to analysts’ expectations of $64.55 million. Premier Financial had a return on equity of 7.43% and a net margin of 16.06%. During the same quarter last year, the firm posted $0.69 earnings per share. Equities research analysts expect that Premier Financial Corp. will post 2 earnings per share for the current fiscal year.

Premier Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were paid a $0.31 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.24 annualized dividend and a dividend yield of 5.21%. Premier Financial’s payout ratio is presently 62.94%.

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.