ABC Arbitrage SA acquired a new position in Premier Financial Corp. (NASDAQ:PFC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 192,268 shares of the company's stock, valued at approximately $4,916,000. ABC Arbitrage SA owned approximately 0.54% of Premier Financial at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in shares of Premier Financial in the third quarter worth $25,000. SG Americas Securities LLC bought a new position in Premier Financial in the 3rd quarter worth $200,000. EMC Capital Management lifted its position in Premier Financial by 511.7% during the 4th quarter. EMC Capital Management now owns 8,392 shares of the company's stock worth $215,000 after acquiring an additional 7,020 shares during the last quarter. CWM LLC boosted its holdings in Premier Financial by 42.1% during the third quarter. CWM LLC now owns 9,211 shares of the company's stock valued at $216,000 after acquiring an additional 2,731 shares during the period. Finally, Verition Fund Management LLC grew its position in shares of Premier Financial by 23.3% in the third quarter. Verition Fund Management LLC now owns 12,687 shares of the company's stock valued at $298,000 after purchasing an additional 2,395 shares during the last quarter. 66.14% of the stock is owned by institutional investors and hedge funds.
Premier Financial Stock Performance
Shares of NASDAQ PFC traded up $0.07 during trading hours on Wednesday, hitting $29.29. 110,300 shares of the company's stock were exchanged, compared to its average volume of 205,541. Premier Financial Corp. has a 1-year low of $18.63 and a 1-year high of $29.64. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.95 and a quick ratio of 0.93. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 14.72 and a beta of 1.28. The company's 50-day moving average price is $26.73 and its 200-day moving average price is $25.69.
Premier Financial Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 31st were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.24 annualized dividend and a yield of 4.23%. Premier Financial's dividend payout ratio is 62.31%.
Premier Financial Profile
(
Free Report)
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.
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