Premier Financial Corp. (NASDAQ:PFC - Get Free Report) saw unusually-high trading volume on Friday . Approximately 674,731 shares changed hands during mid-day trading, an increase of 224% from the previous session's volume of 208,268 shares.The stock last traded at $27.89 and had previously closed at $28.07.
Premier Financial Price Performance
The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 0.95. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 14.09 and a beta of 1.28. The business's 50 day moving average price is $26.93 and its 200 day moving average price is $25.98.
Premier Financial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 31st were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.24 annualized dividend and a yield of 4.42%. Premier Financial's dividend payout ratio is presently 62.31%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of PFC. Squarepoint Ops LLC increased its stake in shares of Premier Financial by 58.7% in the 4th quarter. Squarepoint Ops LLC now owns 100,283 shares of the company's stock valued at $2,564,000 after purchasing an additional 37,081 shares in the last quarter. Millennium Management LLC grew its holdings in Premier Financial by 73.2% in the fourth quarter. Millennium Management LLC now owns 76,384 shares of the company's stock valued at $1,953,000 after purchasing an additional 32,292 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Premier Financial by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,119 shares of the company's stock valued at $514,000 after buying an additional 665 shares in the last quarter. Deutsche Bank AG increased its position in shares of Premier Financial by 52.2% in the fourth quarter. Deutsche Bank AG now owns 32,455 shares of the company's stock valued at $830,000 after buying an additional 11,131 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in shares of Premier Financial by 2.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 172,930 shares of the company's stock worth $4,422,000 after buying an additional 4,447 shares during the period. Institutional investors and hedge funds own 66.14% of the company's stock.
Premier Financial Company Profile
(
Get 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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