Premier Financial (PFC) to Release Quarterly Earnings on Tuesday

Premier Financial (NASDAQ:PFC) will be announcing its earnings results after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Premier Financial (NASDAQ:PFC) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). Premier Financial had a net margin of 24.39% and a return on equity of 9.76%. The company had revenue of $64.34 million during the quarter, compared to analysts’ expectations of $66.15 million. On average, analysts expect Premier Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Premier Financial Trading Down 0.9 %

Shares of NASDAQ:PFC opened at $19.34 on Tuesday. Premier Financial has a 12-month low of $13.60 and a 12-month high of $24.87. The business’s fifty day simple moving average is $19.78 and its 200-day simple moving average is $20.28. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $692.37 million, a PE ratio of 6.22 and a beta of 1.27.

Premier Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 9th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.24 annualized dividend and a yield of 6.41%. Premier Financial’s dividend payout ratio (DPR) is 39.87%.

Insider Activity at Premier Financial

In related news, Director Donald P. Hileman sold 1,500 shares of Premier Financial stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $20.07, for a total value of $30,105.00. Following the completion of the transaction, the director now directly owns 31,311 shares in the company, valued at $628,411.77. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.22% of the stock is currently owned by company insiders.

Institutional Trading of Premier Financial

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its position in shares of Premier Financial by 365.2% during the first quarter. Tower Research Capital LLC TRC now owns 1,335 shares of the company’s stock worth $28,000 after purchasing an additional 1,048 shares in the last quarter. US Bancorp DE increased its position in Premier Financial by 149.9% during the 2nd quarter. US Bancorp DE now owns 1,869 shares of the company’s stock worth $30,000 after purchasing an additional 1,121 shares during the period. Qube Research & Technologies Ltd acquired a new position in Premier Financial during the 3rd quarter worth approximately $55,000. Money Concepts Capital Corp acquired a new position in Premier Financial during the 4th quarter worth approximately $64,000. Finally, Point72 Hong Kong Ltd acquired a new position in Premier Financial during the 1st quarter worth approximately $66,000. 66.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PFC has been the topic of several research analyst reports. Piper Sandler initiated coverage on Premier Financial in a research note on Friday, February 23rd. They set a “neutral” rating and a $21.00 price target on the stock. Keefe, Bruyette & Woods dropped their price target on Premier Financial from $26.00 to $25.00 and set a “market perform” rating on the stock in a research note on Thursday, January 25th. Finally, Hovde Group raised Premier Financial from a “market perform” rating to an “outperform” rating and set a $22.50 price objective for the company in a report on Monday, April 1st.

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.