Geode Capital Management LLC Acquires 8,542 Shares of Premier Financial Corp. (NASDAQ:PFC)

Geode Capital Management LLC grew its stake in shares of Premier Financial Corp. (NASDAQ:PFC) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 864,387 shares of the company’s stock after acquiring an additional 8,542 shares during the period. Geode Capital Management LLC’s holdings in Premier Financial were worth $20,300,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PFC. Capital Performance Advisors LLP purchased a new stake in shares of Premier Financial in the 3rd quarter worth $25,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Premier Financial during the second quarter valued at approximately $84,000. SG Americas Securities LLC purchased a new stake in Premier Financial in the 3rd quarter worth $200,000. Arizona State Retirement System bought a new position in Premier Financial during the second quarter valued at approximately $205,000. Finally, Magnetar Financial LLC bought a new position in shares of Premier Financial during the 2nd quarter valued at approximately $212,000. 66.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the company’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 sale, the executive vice president now owns 36,144 shares in the company, valued at $1,011,309.12. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.22% of the company’s stock.

Premier Financial Trading Down 2.0 %

PFC opened at $25.77 on Friday. The firm has a market cap of $923.62 million, a P/E ratio of 13.08 and a beta of 1.27. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average of $26.85 and a 200 day moving average of $24.38. Premier Financial Corp. has a 12 month low of $18.63 and a 12 month high of $29.63.

Premier Financial (NASDAQ:PFC) last released 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 business 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 7.43% and a net margin of 16.06%. During the same quarter in the previous year, the business earned $0.69 EPS. As a group, research analysts forecast that Premier Financial Corp. will post 2 EPS for the current year.

Premier Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were given a $0.31 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.81%. Premier Financial’s payout ratio 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.