Premier Financial (NASDAQ:PFC) Announces Earnings Results

Premier Financial (NASDAQ:PFC) announced its quarterly earnings results on Tuesday. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02, Zacks reports. The business had revenue of $108.84 million for the quarter, compared to analysts’ expectations of $63.93 million. Premier Financial had a return on equity of 9.19% and a net margin of 23.67%. During the same period in the prior year, the firm earned $0.63 EPS.

Premier Financial Price Performance

Shares of PFC traded up $0.04 during trading hours on Friday, hitting $20.12. 5,325 shares of the company were exchanged, compared to its average volume of 136,061. The company has a market capitalization of $720.30 million, a PE ratio of 6.48 and a beta of 1.27. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.97 and a quick ratio of 0.95. The firm has a fifty day simple moving average of $19.73 and a 200-day simple moving average of $20.40. Premier Financial has a one year low of $13.60 and a one year high of $24.87.

Premier Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 6.16%. The ex-dividend date is Thursday, May 2nd. Premier Financial’s dividend payout ratio is presently 40.00%.

Analyst Upgrades and Downgrades

PFC has been the topic of several analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $23.00 target price (down from $25.00) on shares of Premier Financial in a research report on Thursday. Hovde Group upgraded Premier Financial from a “market perform” rating to an “outperform” rating and set a $22.50 target price on the stock in a research report on Monday, April 1st. Finally, Piper Sandler raised their target price on Premier Financial from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday.

Insider Transactions at Premier Financial

In other news, Director Donald P. Hileman sold 1,500 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $20.07, for a total value of $30,105.00. Following the completion of the sale, the director now owns 31,311 shares of the company’s stock, valued at $628,411.77. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.22% of the company’s stock.

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.