Charles Schwab Investment Management Inc. trimmed its stake in shares of Premier Financial Corp. (NASDAQ:PFC - Free Report) by 5.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,244,518 shares of the company's stock after selling 71,933 shares during the quarter. Charles Schwab Investment Management Inc. owned 3.47% of Premier Financial worth $29,221,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in shares of Premier Financial in the 3rd quarter worth approximately $25,000. Innealta Capital LLC acquired a new position in shares of Premier Financial in the 2nd quarter worth approximately $36,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Premier Financial in the 2nd quarter worth approximately $84,000. CWM LLC boosted its holdings in shares of Premier Financial by 296.8% in the 2nd quarter. CWM LLC now owns 6,480 shares of the company's stock worth $133,000 after acquiring an additional 4,847 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Premier Financial in the 3rd quarter worth approximately $200,000. 66.14% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Premier Financial news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the company's stock in a transaction 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 owns 36,144 shares in the company, valued at approximately $1,011,309.12. The trade was a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.22% of the company's stock.
Premier Financial Price Performance
Shares of PFC traded down $0.10 on Thursday, hitting $27.81. The company's stock had a trading volume of 98,693 shares, compared to its average volume of 152,975. The company has a 50 day moving average price of $25.62 and a 200 day moving average price of $23.50. Premier Financial Corp. has a fifty-two week low of $18.63 and a fifty-two week high of $29.63. 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 company has a market capitalization of $996.74 million, a PE ratio of 14.12 and a beta of 1.27.
Premier Financial (NASDAQ:PFC - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.04). Premier Financial had a return on equity of 7.43% and a net margin of 16.06%. The firm had revenue of $112.74 million for the quarter, compared to analyst estimates of $64.55 million. During the same period in the prior year, the company posted $0.69 EPS. On average, research analysts anticipate that Premier Financial Corp. will post 2 earnings per share for the current fiscal year.
Premier Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 4.46%. The ex-dividend date was Friday, November 8th. Premier Financial's dividend payout ratio is 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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