Premier Financial Corp. (NASDAQ:PFC) Plans $0.31 Quarterly Dividend

Premier Financial Corp. (NASDAQ:PFC) announced a quarterly dividend on Tuesday, January 21st,Wall Street Journal reports. Stockholders of record on Friday, January 31st will be given a dividend of 0.31 per share on Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date is Friday, January 31st.

Premier Financial has raised its dividend by an average of 5.7% per year over the last three years. Premier Financial has a payout ratio of 51.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Premier Financial to earn $2.39 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 51.9%.

Premier Financial Price Performance

PFC traded up $1.40 during trading on Thursday, reaching $26.64. The stock had a trading volume of 297,476 shares, compared to its average volume of 202,827. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 0.95. The business has a 50-day moving average of $26.60 and a 200-day moving average of $25.07. Premier Financial has a one year low of $18.63 and a one year high of $29.63. The stock has a market cap of $954.78 million, a PE ratio of 13.39 and a beta of 1.28.

Premier Financial (NASDAQ:PFC) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). The firm had revenue of $112.74 million for the quarter, compared to analysts’ expectations of $64.55 million. Premier Financial had a net margin of 16.12% and a return on equity of 7.66%. During the same period in the prior year, the business posted $0.69 earnings per share. As a group, equities research analysts anticipate that Premier Financial will post 2.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Dennis E. Rose, Jr. sold 2,000 shares of Premier Financial stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $27.98, for a total value of $55,960.00. Following the transaction, the executive vice president now owns 36,144 shares in the company, valued at approximately $1,011,309.12. The trade was a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.22% of the company’s stock.

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.