New York Life Investment Management LLC lifted its stake in shares of Premier Financial Corp. (NASDAQ:PFC - Free Report) by 32.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 62,070 shares of the company's stock after acquiring an additional 15,175 shares during the period. New York Life Investment Management LLC owned 0.17% of Premier Financial worth $1,587,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. D.A. Davidson & CO. grew its position in Premier Financial by 1.4% in the 4th quarter. D.A. Davidson & CO. now owns 26,949 shares of the company's stock valued at $689,000 after purchasing an additional 374 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Premier Financial during the third quarter valued at about $25,000. SG Americas Securities LLC boosted its position in shares of Premier Financial by 13.4% during the fourth quarter. SG Americas Securities LLC now owns 9,646 shares of the company's stock valued at $247,000 after buying an additional 1,139 shares during the last quarter. Sanctuary Advisors LLC raised its position in Premier Financial by 10.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 17,598 shares of the company's stock valued at $413,000 after buying an additional 1,644 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in Premier Financial by 5.4% during the 4th quarter. Inspire Investing LLC now owns 38,592 shares of the company's stock valued at $987,000 after acquiring an additional 1,985 shares in the last quarter. 66.14% of the stock is owned by institutional investors.
Premier Financial Price Performance
Shares of PFC remained flat at $28.04 during trading hours on Friday. Premier Financial Corp. has a 12-month low of $18.63 and a 12-month high of $29.64. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $27.04 and a 200-day moving average of $26.04. The company has a market capitalization of $1.00 billion, a PE ratio of 14.09 and a beta of 1.28.
Premier Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 31st were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date was Friday, January 31st. Premier Financial's dividend payout ratio is currently 62.31%.
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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