D.A. Davidson & CO. Sells 7,573 Shares of Premier Financial Corp. (NASDAQ:PFC)

D.A. Davidson & CO. lessened its holdings in Premier Financial Corp. (NASDAQ:PFC) by 22.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,575 shares of the company’s stock after selling 7,573 shares during the period. D.A. Davidson & CO. owned about 0.07% of Premier Financial worth $624,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PFC. Capital Performance Advisors LLP bought a new position in shares of Premier Financial in the 3rd quarter valued at $25,000. Innealta Capital LLC acquired a new stake in shares of Premier Financial during the second quarter valued at about $36,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Premier Financial during the second quarter worth about $84,000. CWM LLC increased its stake in shares of Premier Financial by 296.8% in the second quarter. CWM LLC now owns 6,480 shares of the company’s stock valued at $133,000 after buying an additional 4,847 shares during the period. Finally, SG Americas Securities LLC bought a new position in Premier Financial in the 3rd quarter valued at approximately $200,000. Institutional investors and hedge funds own 66.14% of the company’s stock.

Insider Buying and Selling

In other news, EVP Dennis E. Rose, Jr. sold 2,000 shares of Premier Financial stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $27.98, for a total value of $55,960.00. Following the completion of the transaction, the executive vice president now directly owns 36,144 shares of the company’s stock, valued at approximately $1,011,309.12. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.22% of the stock is owned by insiders.

Premier Financial Stock Down 0.2 %

NASDAQ:PFC opened at $27.66 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.95 and a quick ratio of 0.93. Premier Financial Corp. has a one year low of $18.63 and a one year high of $29.63. The firm’s 50 day simple moving average is $25.37 and its 200 day simple moving average is $23.39. The company has a market cap of $991.36 million, a PE ratio of 14.20 and a beta of 1.25.

Premier Financial (NASDAQ:PFC) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.04). The business had revenue of $112.74 million during the quarter, compared to the consensus estimate of $64.55 million. Premier Financial had a return on equity of 7.43% and a net margin of 16.06%. During the same period in the prior year, the firm earned $0.69 EPS. On average, research analysts anticipate that Premier Financial Corp. will post 2 earnings per share for the current year.

Premier Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were given a dividend of $0.31 per share. The ex-dividend date was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.48%. Premier Financial’s dividend payout ratio (DPR) is 62.94%.

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.