State Street Corp Purchases 35,682 Shares of Premier Financial Corp. (NASDAQ:PFC)

State Street Corp increased its stake in Premier Financial Corp. (NASDAQ:PFC - Free Report) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,055,377 shares of the company's stock after acquiring an additional 35,682 shares during the quarter. State Street Corp owned 2.94% of Premier Financial worth $24,780,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PFC. Capital Performance Advisors LLP acquired a new position in shares of Premier Financial during the third quarter worth approximately $25,000. Innealta Capital LLC acquired a new position in Premier Financial during the second quarter worth $36,000. Allspring Global Investments Holdings LLC bought a new position in shares of Premier Financial in the second quarter valued at $84,000. SG Americas Securities LLC acquired a new position in shares of Premier Financial during the third quarter valued at about $200,000. Finally, Arizona State Retirement System acquired a new stake in shares of Premier Financial in the 2nd quarter worth about $205,000. Institutional investors and hedge funds own 66.14% of the company's stock.

Premier Financial Stock Down 0.2 %

PFC stock traded down $0.04 during mid-day trading on Monday, reaching $26.17. 194,516 shares of the company traded hands, compared to its average volume of 154,330. 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 firm's 50 day moving average price is $26.69 and its 200 day moving average price is $24.17. The stock has a market cap of $937.96 million, a price-to-earnings ratio of 13.28 and a beta of 1.27. Premier Financial Corp. has a fifty-two week low of $18.63 and a fifty-two week high of $29.63.

Premier Financial (NASDAQ:PFC - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.04). The company had revenue of $112.74 million during the quarter, compared to the consensus estimate of $64.55 million. Premier Financial had a net margin of 16.06% and a return on equity of 7.43%. During the same quarter in the prior year, the business earned $0.69 EPS. As a group, equities research analysts predict that Premier Financial Corp. will post 2 EPS for the current fiscal year.

Premier Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were issued a $0.31 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.24 annualized dividend and a dividend yield of 4.74%. Premier Financial's dividend payout ratio is currently 62.94%.

Insider Activity

In other news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the firm's stock in a transaction on Monday, November 18th. The stock was 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 directly owns 36,144 shares of the company's stock, valued at $1,011,309.12. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.22% of the stock is currently owned by corporate insiders.

About Premier Financial

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.