Insider Selling: Premier Financial Corp. (NASDAQ:PFC) Director Sells $35,460.00 in Stock

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

Premier Financial Price Performance

Shares of PFC opened at $23.65 on Thursday. The company has a market cap of $846.98 million, a P/E ratio of 7.63 and a beta of 1.28. Premier Financial Corp. has a fifty-two week low of $15.79 and a fifty-two week high of $26.40. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average price is $22.31 and its 200 day moving average price is $20.76.

Premier Financial (NASDAQ:PFC) last announced its quarterly earnings data 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 company had revenue of $110.55 million during the quarter, compared to analyst estimates 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 in the previous year, the business posted $0.68 earnings per share. On average, research analysts forecast that Premier Financial Corp. will post 2.03 earnings per share for the current fiscal year.

Premier Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 9th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 5.24%. The ex-dividend date of this dividend was Friday, August 9th. Premier Financial’s payout ratio is presently 40.00%.

Analysts Set New Price Targets

Several brokerages have weighed in on PFC. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Premier Financial in a research note on Wednesday, July 31st. Piper Sandler increased their price objective on shares of Premier Financial from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $23.00 target price (down previously 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $22.50.

Hedge Funds Weigh In On Premier Financial

A number of institutional investors and hedge funds have recently made changes to their positions in PFC. Fidelis Capital Partners LLC acquired a new stake in Premier Financial in the first quarter valued at approximately $30,000. Innealta Capital LLC purchased a new stake in shares of Premier Financial in the 2nd quarter valued at approximately $36,000. Frazier Financial Advisors LLC acquired a new stake in shares of Premier Financial in the 4th quarter valued at $78,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Premier Financial during the 2nd quarter worth $84,000. Finally, AJOVista LLC purchased a new stake in shares of Premier Financial during the 4th quarter worth $115,000. 66.14% of the stock is owned by institutional investors and hedge funds.

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.