Premier Financial Corp. (NASDAQ:PFC) Shares Acquired by Denali Advisors LLC

Denali Advisors LLC grew its holdings in Premier Financial Corp. (NASDAQ:PFC) by 4.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,000 shares of the company’s stock after acquiring an additional 1,500 shares during the period. Denali Advisors LLC owned about 0.09% of Premier Financial worth $670,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. grew its holdings in Premier Financial by 11.3% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 25,563 shares of the company’s stock worth $519,000 after acquiring an additional 2,600 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Premier Financial by 17.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,642 shares of the company’s stock worth $208,000 after purchasing an additional 1,304 shares during the period. Cullen Capital Management LLC increased its holdings in shares of Premier Financial by 110.2% during the 4th quarter. Cullen Capital Management LLC now owns 43,711 shares of the company’s stock valued at $1,053,000 after purchasing an additional 22,915 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. lifted its stake in shares of Premier Financial by 153.4% in the 4th quarter. Elizabeth Park Capital Advisors Ltd. now owns 198,733 shares of the company’s stock valued at $4,789,000 after purchasing an additional 120,299 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in shares of Premier Financial by 37.8% in the 4th quarter. Hsbc Holdings PLC now owns 27,671 shares of the company’s stock valued at $673,000 after purchasing an additional 7,591 shares during the period. Institutional investors and hedge funds own 66.14% of the company’s stock.

Analysts Set New Price Targets

PFC has been the subject of a number of recent analyst reports. Hovde Group raised shares of Premier Financial from a “market perform” rating to an “outperform” rating and set a $22.50 price objective for the company in a report on Monday, April 1st. Keefe, Bruyette & Woods restated a “market perform” rating and set a $23.00 target price (down from $25.00) on shares of Premier Financial in a research report on Thursday, April 25th. Finally, Piper Sandler upped their price target on Premier Financial from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th.

Insider Buying and Selling at Premier Financial

In other news, Director Donald P. Hileman sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $21.19, for a total transaction of $31,785.00. Following the completion of the sale, the director now owns 29,811 shares of the company’s stock, valued at $631,695.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.22% of the stock is currently owned by insiders.

Premier Financial Stock Down 2.6 %

Shares of NASDAQ PFC opened at $20.02 on Thursday. The firm has a market cap of $716.92 million, a price-to-earnings ratio of 6.46 and a beta of 1.28. The company’s 50-day simple moving average is $19.96 and its 200-day simple moving average is $20.65. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.35. Premier Financial Corp. has a 52-week low of $15.70 and a 52-week high of $24.87.

Premier Financial (NASDAQ:PFC) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. Premier Financial had a return on equity of 9.12% and a net margin of 23.67%. The company had revenue of $108.84 million for the quarter, compared to analysts’ expectations of $63.93 million. During the same period in the previous year, the firm posted $0.63 EPS. Equities analysts predict that Premier Financial Corp. will post 2.08 EPS for the current fiscal year.

Premier Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, May 3rd were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 6.19%. The ex-dividend date was Thursday, May 2nd. Premier Financial’s dividend payout ratio is currently 40.00%.

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.