Premier Financial (NASDAQ:PFC) Sets New 1-Year Low at $13.62

Premier Financial Corp. (NASDAQ:PFC – Get Rating) hit a new 52-week low on Friday . The stock traded as low as $13.62 and last traded at $14.02, with a volume of 159834 shares changing hands. The stock had previously closed at $13.84.

Analysts Set New Price Targets

PFC has been the topic of several analyst reports. TheStreet lowered shares of Premier Financial from a “b-” rating to a “c+” rating in a report on Tuesday. Keefe, Bruyette & Woods cut their target price on shares of Premier Financial from $30.00 to $27.00 and set a “market perform” rating on the stock in a report on Thursday, April 6th.

Premier Financial Price Performance

The company’s 50-day moving average price is $19.25 and its 200-day moving average price is $24.33. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.96 and a quick ratio of 0.95. The company has a market cap of $500.91 million, a P/E ratio of 5.31 and a beta of 1.17.

Premier Financial (NASDAQ:PFC – Get Rating) last issued its quarterly earnings data on Tuesday, April 25th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.07). Premier Financial had a return on equity of 11.11% and a net margin of 26.19%. The company had revenue of $68.75 million for the quarter, compared to the consensus estimate of $77.33 million. As a group, sell-side analysts predict that Premier Financial Corp. will post 2.51 earnings per share for the current fiscal year.

Premier Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 12th. Stockholders of record on Friday, May 5th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 8.84%. The ex-dividend date of this dividend was Thursday, May 4th. Premier Financial’s dividend payout ratio is 46.97%.

Insider Transactions at Premier Financial

In related news, Director Donald P. Hileman sold 1,500 shares of the firm’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $24.96, for a total value of $37,440.00. Following the completion of the transaction, the director now owns 101,867 shares of the company’s stock, valued at $2,542,600.32. The transaction 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.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its position in shares of Premier Financial by 365.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,335 shares of the company’s stock valued at $28,000 after acquiring an additional 1,048 shares during the period. Quantbot Technologies LP bought a new position in shares of Premier Financial in the 3rd quarter valued at about $50,000. Money Concepts Capital Corp bought a new position in shares of Premier Financial in the 4th quarter valued at about $64,000. Point72 Hong Kong Ltd bought a new position in shares of Premier Financial in the 1st quarter valued at about $66,000. Finally, Clearstead Advisors LLC grew its position in shares of Premier Financial by 178.9% in the 3rd quarter. Clearstead Advisors LLC now owns 2,789 shares of the company’s stock valued at $72,000 after acquiring an additional 1,789 shares during the period. Institutional investors own 66.64% of the company’s stock.

About Premier Financial

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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.