Inspire Investing LLC Acquires 1,985 Shares of Premier Financial Corp. (NASDAQ:PFC)

Inspire Investing LLC grew its holdings in Premier Financial Corp. (NASDAQ:PFC) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,592 shares of the company’s stock after acquiring an additional 1,985 shares during the quarter. Inspire Investing LLC’s holdings in Premier Financial were worth $987,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Thrivent Financial for Lutherans increased its stake in Premier Financial by 27.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 78,797 shares of the company’s stock worth $1,613,000 after purchasing an additional 17,162 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Premier Financial in the second quarter valued at approximately $212,000. Evergreen Capital Management LLC increased its position in shares of Premier Financial by 8.6% during the second quarter. Evergreen Capital Management LLC now owns 17,912 shares of the company’s stock worth $366,000 after acquiring an additional 1,414 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Premier Financial by 66.0% during the second quarter. AQR Capital Management LLC now owns 326,667 shares of the company’s stock worth $6,684,000 after acquiring an additional 129,913 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Premier Financial during the second quarter worth $219,000. Institutional investors and hedge funds own 66.14% of the company’s stock.

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 owns 36,144 shares in the company, valued at $1,011,309.12. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.22% of the stock is currently owned by insiders.

Premier Financial Price Performance

Shares of NASDAQ PFC opened at $26.64 on Friday. The company has a fifty day moving average price of $26.57 and a 200 day moving average price of $25.08. The firm has a market cap of $954.78 million, a PE ratio of 13.39 and a beta of 1.28. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. 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 data 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). 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 7.66% and a net margin of 16.12%. During the same quarter in the previous year, the business posted $0.69 earnings per share. Research analysts predict that Premier Financial Corp. will post 2.15 earnings per share for the current fiscal year.

Premier Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 31st will be issued a $0.31 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.65%. Premier Financial’s dividend payout ratio (DPR) is presently 62.31%.

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.