Premier Financial (NASDAQ:PFC) Announces Earnings Results, Misses Expectations By $0.04 EPS

Premier Financial (NASDAQ:PFC) issued its quarterly earnings data on Tuesday. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.04), RTT News reports. The business had revenue of $112.74 million during the quarter, compared to the consensus estimate of $64.55 million. Premier Financial had a net margin of 18.07% and a return on equity of 8.19%. During the same quarter in the previous year, the firm posted $0.69 EPS.

Premier Financial Price Performance

Shares of PFC opened at $24.35 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.49. The company’s fifty day simple moving average is $24.01 and its 200 day simple moving average is $22.07. The company has a market cap of $872.05 million, a price-to-earnings ratio of 7.84 and a beta of 1.26. Premier Financial has a 1-year low of $15.79 and a 1-year high of $26.40.

Premier Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.09%. Premier Financial’s dividend payout ratio is 40.00%.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott reissued a “neutral” rating on shares of Premier Financial in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $22.50.

Insiders Place Their Bets

In other Premier Financial news, Director Donald P. Hileman sold 1,500 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $23.64, for a total transaction of $35,460.00. Following the completion of the sale, the director now owns 28,311 shares of the company’s stock, valued at $669,272.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $25.01, for a total value of $50,020.00. Following the completion of the transaction, the executive vice president now owns 38,114 shares in the company, valued at $953,231.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donald P. Hileman sold 1,500 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $23.64, for a total value of $35,460.00. Following the completion of the sale, the director now owns 28,311 shares of the company’s stock, valued at $669,272.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.22% of the company’s stock.

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.