JPMorgan Chase & Co. Raises Holdings in Premier Financial Corp. (NASDAQ:PFC)

JPMorgan Chase & Co. increased its holdings in shares of Premier Financial Corp. (NASDAQ:PFC) by 8.2% during the third quarter, HoldingsChannel reports. The firm owned 653,065 shares of the company’s stock after buying an additional 49,367 shares during the period. JPMorgan Chase & Co.’s holdings in Premier Financial were worth $15,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Premier Financial by 22.7% in the third quarter. Principal Financial Group Inc. now owns 24,573 shares of the company’s stock worth $577,000 after buying an additional 4,542 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Premier Financial by 10.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 17,598 shares of the company’s stock worth $413,000 after acquiring an additional 1,644 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Premier Financial by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 864,387 shares of the company’s stock valued at $20,300,000 after acquiring an additional 8,542 shares during the last quarter. Barclays PLC increased its position in shares of Premier Financial by 60.0% during the 3rd quarter. Barclays PLC now owns 80,883 shares of the company’s stock valued at $1,900,000 after purchasing an additional 30,334 shares during the last quarter. Finally, Jane Street Group LLC increased its position in Premier Financial by 17.1% during the third quarter. Jane Street Group LLC now owns 51,048 shares of the company’s stock valued at $1,199,000 after acquiring an additional 7,461 shares during the last quarter. 66.14% of the stock is currently owned by institutional investors.

Insider Transactions at Premier Financial

In other news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the firm’s 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 in the company, valued at $1,011,309.12. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.22% of the company’s stock.

Premier Financial Stock Down 3.7 %

Shares of NASDAQ PFC opened at $23.81 on Friday. The firm has a 50-day simple moving average of $26.98 and a two-hundred day simple moving average of $24.75. The company has a market cap of $853.37 million, a P/E ratio of 12.09 and a beta of 1.28. 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 1 year low of $18.63 and a 1 year high of $29.63.

Premier Financial (NASDAQ:PFC) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). Premier Financial had a return on equity of 7.43% and a net margin of 16.06%. The firm had revenue of $112.74 million for the quarter, compared to the consensus estimate of $64.55 million. During the same period in the previous year, the company posted $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 company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were paid 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 5.21%. Premier Financial’s dividend payout ratio (DPR) is presently 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.