UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.59 Million Stock Position in Premier Financial Corp. (NASDAQ:PFC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Premier Financial Corp. (NASDAQ:PFC) by 27.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,854 shares of the company’s stock after buying an additional 14,441 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.19% of Premier Financial worth $1,593,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Citigroup Inc. raised its stake in shares of Premier Financial by 2,017.1% during the third quarter. Citigroup Inc. now owns 751,923 shares of the company’s stock valued at $17,655,000 after acquiring an additional 716,406 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Premier Financial by 66.0% during the 2nd quarter. AQR Capital Management LLC now owns 326,667 shares of the company’s stock worth $6,684,000 after buying an additional 129,913 shares during the period. American Century Companies Inc. increased its stake in shares of Premier Financial by 18.0% in the second quarter. American Century Companies Inc. now owns 656,177 shares of the company’s stock valued at $13,425,000 after buying an additional 100,198 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Premier Financial by 61.1% during the second quarter. Assenagon Asset Management S.A. now owns 211,456 shares of the company’s stock worth $4,326,000 after acquiring an additional 80,217 shares during the last quarter. Finally, Versor Investments LP lifted its stake in shares of Premier Financial by 538.1% in the third quarter. Versor Investments LP now owns 68,431 shares of the company’s stock worth $1,607,000 after acquiring an additional 57,707 shares during the period. 66.14% of the stock is currently owned by institutional investors.

Premier Financial Stock Performance

NASDAQ:PFC opened at $28.04 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 0.95. Premier Financial Corp. has a fifty-two week low of $18.63 and a fifty-two week high of $29.63. The company has a 50 day simple moving average of $26.44 and a two-hundred day simple moving average of $23.97. The company has a market capitalization of $1.00 billion, a PE ratio of 14.23 and a beta of 1.27.

Premier Financial (NASDAQ:PFC) last announced 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 firm had revenue of $112.74 million for 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 business earned $0.69 EPS. Research analysts anticipate that Premier Financial Corp. will post 2 earnings per share for the current year.

Premier Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.24 annualized dividend and a dividend yield of 4.42%. Premier Financial’s payout ratio is 62.94%.

Insider Buying and Selling

In other Premier Financial news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $27.98, for a total value of $55,960.00. Following the completion of the sale, the executive vice president now directly owns 36,144 shares in the company, valued at approximately $1,011,309.12. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.22% of the stock is currently owned by 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.