Barclays PLC grew its holdings in Premier Financial Corp. (NASDAQ:PFC - Free Report) by 60.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 80,883 shares of the company's stock after buying an additional 30,334 shares during the period. Barclays PLC owned 0.23% of Premier Financial worth $1,900,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in PFC. Jane Street Group LLC raised its stake in Premier Financial by 17.1% during the 3rd quarter. Jane Street Group LLC now owns 51,048 shares of the company's stock valued at $1,199,000 after acquiring an additional 7,461 shares during the last quarter. State Street Corp increased its holdings in shares of Premier Financial by 3.5% in the third quarter. State Street Corp now owns 1,055,377 shares of the company's stock valued at $24,780,000 after purchasing an additional 35,682 shares during the period. Verition Fund Management LLC raised its stake in shares of Premier Financial by 23.3% during the third quarter. Verition Fund Management LLC now owns 12,687 shares of the company's stock worth $298,000 after purchasing an additional 2,395 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Premier Financial by 27.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 67,854 shares of the company's stock worth $1,593,000 after purchasing an additional 14,441 shares during the period. Finally, Citigroup Inc. lifted its holdings in shares of Premier Financial by 2,017.1% during the third quarter. Citigroup Inc. now owns 751,923 shares of the company's stock worth $17,655,000 after purchasing an additional 716,406 shares during the period. Institutional investors and hedge funds own 66.14% of the company's stock.
Insiders Place Their Bets
In other news, EVP Dennis E. Rose, Jr. sold 2,000 shares of Premier Financial stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $27.98, for a total transaction of $55,960.00. Following the completion of the sale, the executive vice president now directly owns 36,144 shares in the company, valued at approximately $1,011,309.12. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.22% of the stock is currently owned by company insiders.
Premier Financial Stock Performance
PFC traded down $0.53 during trading on Friday, hitting $25.77. The stock had a trading volume of 151,429 shares, compared to its average volume of 153,587. The firm has a market capitalization of $923.62 million, a P/E ratio of 13.08 and a beta of 1.27. 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 twelve month low of $18.63 and a twelve month high of $29.63. The company's 50-day moving average price is $26.85 and its 200 day moving average price is $24.34.
Premier Financial (NASDAQ:PFC - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.04). The firm had revenue of $112.74 million during the quarter, compared to analysts' expectations of $64.55 million. Premier Financial had a net margin of 16.06% and a return on equity of 7.43%. During the same period in the previous year, the firm earned $0.69 EPS. On average, equities research analysts forecast that Premier Financial Corp. will post 2 EPS for the current fiscal year.
Premier Financial Announces Dividend
The firm also recently disclosed 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 yield of 4.81%. The ex-dividend date was Friday, November 8th. Premier Financial's dividend payout ratio is presently 62.94%.
Premier Financial Company Profile
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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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