Premier Financial Corp. (NASDAQ:PFC) Director Donald P. Hileman Sells 1,500 Shares

Premier Financial Corp. (NASDAQ:PFC) Director Donald P. Hileman sold 1,500 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $23.64, for a total value of $35,460.00. Following the sale, the director now owns 28,311 shares of the company’s stock, valued at $669,272.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Premier Financial Stock Performance

NASDAQ PFC traded up $0.09 on Monday, hitting $24.27. 117,701 shares of the company traded hands, compared to its average volume of 152,158. The company has a market capitalization of $869.18 million, a price-to-earnings ratio of 7.80 and a beta of 1.28. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average price is $22.01 and its 200-day moving average price is $20.69. Premier Financial Corp. has a 52-week low of $15.79 and a 52-week high of $26.40.

Premier Financial (NASDAQ:PFC) last issued its earnings results on Tuesday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.06). The firm had revenue of $110.55 million during the quarter, compared to the consensus estimate of $63.20 million. Premier Financial had a return on equity of 8.23% and a net margin of 18.07%. During the same period last year, the firm posted $0.68 earnings per share. Equities analysts expect that Premier Financial Corp. will post 2.03 earnings per share for the current year.

Premier Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 9th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date of this dividend was Friday, August 9th. Premier Financial’s payout ratio is presently 40.00%.

Hedge Funds Weigh In On Premier Financial

A number of large investors have recently made changes to their positions in PFC. Fidelis Capital Partners LLC acquired a new position in shares of Premier Financial during the first quarter worth $30,000. Innealta Capital LLC acquired a new position in shares of Premier Financial during the second quarter worth $36,000. Frazier Financial Advisors LLC acquired a new position in shares of Premier Financial during the fourth quarter worth $78,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Premier Financial during the second quarter worth $84,000. Finally, AJOVista LLC acquired a new position in shares of Premier Financial during the fourth quarter worth $115,000. 66.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PFC has been the topic of a number of research reports. Piper Sandler raised their price target on Premier Financial from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Janney Montgomery Scott reiterated a “neutral” rating on shares of Premier Financial in a research report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $23.00 target price (down from $25.00) on shares of Premier Financial in a research report on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Premier Financial currently has a consensus rating of “Hold” and a consensus target price of $22.50.

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.