Premier Financial (NASDAQ:PFC) Releases Quarterly Earnings Results

Premier Financial (NASDAQ:PFC) issued its quarterly earnings results on Friday. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06), Zacks reports. The business had revenue of $110.55 million for the quarter, compared to the consensus estimate of $63.20 million. Premier Financial had a net margin of 18.07% and a return on equity of 8.23%. During the same quarter last year, the business posted $0.68 EPS.

Premier Financial Price Performance

PFC opened at $26.19 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.96 and a quick ratio of 0.94. Premier Financial has a 1 year low of $15.79 and a 1 year high of $26.19. The stock’s 50 day simple moving average is $20.80 and its 200 day simple moving average is $20.53. The firm has a market cap of $937.86 million, a price-to-earnings ratio of 8.45 and a beta of 1.28.

Premier Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 9th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.73%. Premier Financial’s dividend payout ratio (DPR) is currently 40.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PFC shares. Piper Sandler raised their price objective on shares of Premier Financial from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $23.00 price objective (down from $25.00) on shares of Premier Financial in a report on Thursday, April 25th. Finally, Hovde Group upgraded Premier Financial from a “market perform” rating to an “outperform” rating and set a $22.50 price objective on the stock in a research report on Monday, April 1st.

Insider Transactions at Premier Financial

In other Premier Financial news, Director Donald P. Hileman sold 1,500 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $21.19, for a total value of $31,785.00. Following the completion of the sale, the director now owns 29,811 shares in the company, valued at approximately $631,695.09. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company 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.