Premier Financial (NASDAQ:PFC) Reaches New 12-Month High – Still a Buy?

Premier Financial Corp. (NASDAQ:PFC)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $29.64 and last traded at $29.25, with a volume of 10321 shares changing hands. The stock had previously closed at $29.18.

Premier Financial Price Performance

The stock has a market capitalization of $1.05 billion, a PE ratio of 14.65 and a beta of 1.28. The business’s 50-day moving average price is $26.66 and its 200 day moving average price is $25.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 0.95.

Premier Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 31st were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Friday, January 31st. Premier Financial’s payout ratio is 62.31%.

Insider Buying and Selling at Premier Financial

In other Premier Financial news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the business’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 transaction, the executive vice president now owns 36,144 shares of the company’s stock, valued at $1,011,309.12. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.22% of the company’s stock.

Institutional Trading of Premier Financial

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Premier Financial by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 2,042,764 shares of the company’s stock valued at $52,233,000 after purchasing an additional 51,285 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Premier Financial by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,254,516 shares of the company’s stock valued at $32,078,000 after buying an additional 9,998 shares in the last quarter. State Street Corp lifted its position 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 buying an additional 35,682 shares during the last quarter. Geode Capital Management LLC boosted its stake in Premier Financial by 1.0% in the third quarter. Geode Capital Management LLC now owns 864,387 shares of the company’s stock worth $20,300,000 after buying an additional 8,542 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in Premier Financial by 2,017.1% in the third quarter. Citigroup Inc. now owns 751,923 shares of the company’s stock worth $17,655,000 after buying an additional 716,406 shares in the last quarter. 66.14% of the stock is owned by institutional investors.

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.