Premier Financial (NASDAQ:PFC) Issues Quarterly Earnings Results

Premier Financial (NASDAQ:PFC) released its earnings results on Tuesday. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04), RTT News reports. The company had revenue of $112.74 million during the quarter, compared to analysts’ expectations of $64.55 million. Premier Financial had a return on equity of 8.19% and a net margin of 18.07%. During the same period in the prior year, the company posted $0.69 earnings per share.

Premier Financial Price Performance

PFC opened at $23.98 on Friday. The company’s 50-day simple moving average is $24.04 and its two-hundred day simple moving average is $22.10. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.95 and a current ratio of 0.97. The stock has a market capitalization of $858.80 million, a P/E ratio of 7.74 and a beta of 1.26. Premier Financial has a 52-week low of $15.79 and a 52-week high of $26.40.

Premier Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 8th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date of this dividend is Friday, November 8th. Premier Financial’s dividend payout ratio (DPR) is 40.00%.

Insider Transactions at Premier Financial

In related news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $25.01, for a total transaction of $50,020.00. Following the transaction, the executive vice president now owns 38,114 shares in the company, valued at $953,231.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Premier Financial news, Director Donald P. Hileman sold 1,500 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $23.64, for a total transaction of $35,460.00. Following the completion of the sale, the director now directly owns 28,311 shares in the company, valued at $669,272.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dennis E. Rose, Jr. sold 2,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $25.01, for a total transaction of $50,020.00. Following the completion of the transaction, the executive vice president now owns 38,114 shares in the company, valued at $953,231.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.22% of the company’s stock.

Analyst Ratings Changes

Separately, Janney Montgomery Scott reissued a “neutral” rating on shares of Premier Financial in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $22.50.

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.