Franklin Resources Inc. reduced its holdings in Premier Financial Corp. (NASDAQ:PFC - Free Report) by 33.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,963 shares of the company's stock after selling 68,359 shares during the period. Franklin Resources Inc. owned approximately 0.38% of Premier Financial worth $3,232,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of PFC. Capital Performance Advisors LLP purchased a new stake in Premier Financial in the 3rd quarter valued at $25,000. Innealta Capital LLC purchased a new stake in shares of Premier Financial in the second quarter valued at about $36,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Premier Financial in the second quarter valued at about $84,000. SG Americas Securities LLC acquired a new stake in Premier Financial during the third quarter worth about $200,000. Finally, Arizona State Retirement System purchased a new position in Premier Financial during the second quarter worth about $205,000. 66.14% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Premier Financial
In related 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 value 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. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.22% of the stock is owned by insiders.
Premier Financial Trading Up 0.0 %
Shares of Premier Financial stock traded up $0.01 during mid-day trading on Thursday, hitting $26.30. The stock had a trading volume of 58,048 shares, compared to its average volume of 153,596. The firm has a 50-day moving average of $26.83 and a two-hundred day moving average of $24.29. The firm has a market cap of $942.62 million, a P/E ratio of 13.35 and a beta of 1.27. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.42. Premier Financial Corp. has a 12-month low of $18.63 and a 12-month high of $29.63.
Premier Financial (NASDAQ:PFC - Get Free Report) last issued its quarterly earnings data 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). Premier Financial had a return on equity of 7.43% and a net margin of 16.06%. The business had revenue of $112.74 million during the quarter, compared to analysts' expectations of $64.55 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. Sell-side analysts forecast that Premier Financial Corp. will post 2 earnings per share for the current 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 given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date was Friday, November 8th. Premier Financial's payout ratio is 62.94%.
About Premier Financial
(
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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