Allspring Global Investments Holdings LLC raised its position in shares of Premier Financial Corp. (NASDAQ:PFC – Get Rating) by 6.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,853 shares of the company’s stock after acquiring an additional 3,133 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Premier Financial were worth $1,331,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. Investors Asset Management of Georgia Inc. GA ADV boosted its position in shares of Premier Financial by 1.2% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 41,587 shares of the company’s stock worth $1,054,000 after purchasing an additional 500 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Premier Financial by 30.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 2,842 shares of the company’s stock worth $90,000 after acquiring an additional 657 shares during the last quarter. Strs Ohio raised its holdings in shares of Premier Financial by 3.2% in the 2nd quarter. Strs Ohio now owns 28,600 shares of the company’s stock worth $725,000 after acquiring an additional 900 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Premier Financial by 10.8% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 12,248 shares of the company’s stock worth $310,000 after acquiring an additional 1,192 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Premier Financial by 2.5% in the 2nd quarter. Rhumbline Advisers now owns 51,316 shares of the company’s stock worth $1,301,000 after acquiring an additional 1,248 shares during the last quarter. Institutional investors own 66.64% of the company’s stock.
Insider Buying and Selling
In other Premier Financial news, Director Donald P. Hileman sold 1,000 shares of the firm’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $29.29, for a total value of $29,290.00. Following the completion of the transaction, the director now directly owns 79,106 shares of the company’s stock, valued at approximately $2,317,014.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.
Premier Financial Trading Up 1.6 %
Premier Financial (NASDAQ:PFC – Get Rating) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.01). Premier Financial had a return on equity of 10.95% and a net margin of 31.62%. The company had revenue of $80.02 million for the quarter, compared to analysts’ expectations of $78.37 million. Sell-side analysts anticipate that Premier Financial Corp. will post 2.97 earnings per share for the current year.
Premier Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Friday, November 11th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend was Wednesday, November 9th. Premier Financial’s dividend payout ratio (DPR) is presently 42.25%.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods lowered shares of Premier Financial from an “outperform” rating to a “market perform” rating and set a $32.00 price objective for the company. in a research note on Monday, December 12th.
Premier Financial Profile
Premier Financial Corp. is a holding company, which engages in the provision of banking business. It focuses on traditional banking and property and casualty, life and, group health insurance products. It offers family real estate, multi-family residential and non-residential, consumer, commercial, construction, and home equity and improvement loans.
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