Premier Financial Corp. (NASDAQ:PFC) Shares Purchased by Cullen Capital Management LLC

Cullen Capital Management LLC boosted its position in shares of Premier Financial Corp. (NASDAQ:PFC) by 21.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,328 shares of the company’s stock after buying an additional 7,470 shares during the period. Cullen Capital Management LLC’s holdings in Premier Financial were worth $1,082,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PFC. Vanguard Group Inc. grew its position in shares of Premier Financial by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 2,042,764 shares of the company’s stock worth $52,233,000 after acquiring an additional 51,285 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Premier Financial by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,254,516 shares of the company’s stock worth $32,078,000 after purchasing an additional 9,998 shares during the last quarter. State Street Corp increased its stake in Premier Financial by 3.5% in the third quarter. State Street Corp now owns 1,055,377 shares of the company’s stock valued at $24,780,000 after purchasing an additional 35,682 shares during the period. Geode Capital Management LLC raised its holdings in shares of Premier Financial by 1.0% in the third quarter. Geode Capital Management LLC now owns 864,387 shares of the company’s stock valued at $20,300,000 after buying an additional 8,542 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Premier Financial by 0.8% in the fourth quarter. American Century Companies Inc. now owns 750,814 shares of the company’s stock valued at $19,198,000 after buying an additional 6,231 shares during the last quarter. Hedge funds and other institutional investors own 66.14% of the company’s stock.

Premier Financial Stock Performance

NASDAQ PFC opened at $28.04 on Friday. The firm has a market cap of $1.00 billion, a P/E ratio of 14.09 and a beta of 1.28. Premier Financial Corp. has a 52-week low of $18.63 and a 52-week high of $29.64. The business’s 50-day moving average price is $28.21 and its 200 day moving average price is $26.58. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.42.

Premier Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 31st were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.24 dividend on an annualized basis and a yield of 4.42%. Premier Financial’s dividend payout ratio (DPR) is 62.31%.

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.