Premier Financial Corp. (NASDAQ:PFC) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in shares of Premier Financial Corp. (NASDAQ:PFC - Free Report) by 18.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,609 shares of the company's stock after selling 11,100 shares during the quarter. New York State Common Retirement Fund owned about 0.14% of Premier Financial worth $1,294,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp increased its stake in shares of Premier Financial by 3.5% during the third quarter. State Street Corp now owns 1,055,377 shares of the company's stock worth $24,780,000 after buying an additional 35,682 shares during the period. Geode Capital Management LLC increased its position in shares of Premier Financial by 1.0% during the third quarter. Geode Capital Management LLC now owns 864,387 shares of the company's stock worth $20,300,000 after purchasing an additional 8,542 shares in the last quarter. Citigroup Inc. boosted its position in shares of Premier Financial by 2,017.1% in the 3rd quarter. Citigroup Inc. now owns 751,923 shares of the company's stock valued at $17,655,000 after purchasing an additional 716,406 shares during the period. JPMorgan Chase & Co. grew its stake in Premier Financial by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 653,065 shares of the company's stock worth $15,334,000 after buying an additional 49,367 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Premier Financial by 32.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 383,616 shares of the company's stock worth $9,809,000 after buying an additional 94,000 shares during the period. Hedge funds and other institutional investors own 66.14% of the company's stock.

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Premier Financial Stock Performance

Shares of PFC stock remained flat at $28.04 during trading hours on Thursday. 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 cap of $1.00 billion, a PE ratio of 14.09 and a beta of 1.28. The stock has a 50-day simple moving average of $27.00 and a 200-day simple moving average of $26.02. Premier Financial Corp. has a 52 week low of $18.63 and a 52 week high of $29.64.

Premier Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 31st were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 4.42%. The ex-dividend date was Friday, January 31st. Premier Financial's dividend payout ratio (DPR) is presently 62.31%.

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.