Algert Global LLC Has $662,000 Stock Position in Premier Financial Corp. (NASDAQ:PFC)

Algert Global LLC lowered its position in Premier Financial Corp. (NASDAQ:PFC - Free Report) by 69.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,206 shares of the company's stock after selling 62,679 shares during the period. Algert Global LLC owned 0.08% of Premier Financial worth $662,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Premier Financial in the 3rd quarter valued at $25,000. Innealta Capital LLC bought a new position in shares of Premier Financial in the 2nd quarter worth $36,000. Allspring Global Investments Holdings LLC acquired a new position in Premier Financial during the second quarter valued at approximately $84,000. CWM LLC raised its holdings in Premier Financial by 296.8% in the second quarter. CWM LLC now owns 6,480 shares of the company's stock worth $133,000 after purchasing an additional 4,847 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Premier Financial in the 3rd quarter valued at $200,000. Institutional investors own 66.14% of the company's stock.

Insider Buying and Selling

In related news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $27.98, for a total transaction of $55,960.00. Following the transaction, the executive vice president now directly owns 36,144 shares of the company's stock, valued at approximately $1,011,309.12. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.22% of the stock is owned by insiders.

Premier Financial Stock Down 0.6 %

PFC stock traded down $0.17 during mid-day trading on Friday, hitting $27.71. 100,376 shares of the company were exchanged, compared to its average volume of 153,728. The firm's 50 day simple moving average is $25.37 and its 200 day simple moving average is $23.35. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 0.95. Premier Financial Corp. has a 1-year low of $18.63 and a 1-year high of $29.63. The firm has a market cap of $993.13 million, a P/E ratio of 14.07 and a beta of 1.25.

Premier Financial (NASDAQ:PFC - Get Free Report) last released its earnings results on Tuesday, October 22nd. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.04). Premier Financial had a net margin of 16.06% and a return on equity of 7.43%. The firm had revenue of $112.74 million during the quarter, compared to the consensus estimate of $64.55 million. During the same quarter in the previous year, the firm posted $0.69 EPS. On average, sell-side analysts predict that Premier Financial Corp. will post 2 EPS for the current fiscal year.

Premier Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date was Friday, November 8th. Premier Financial's payout ratio is presently 62.94%.

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.