Donald P. Hileman sells 1,000 shares of Premier Financial Corp. (NASDAQ:PFC)

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The head of Premier Financial Corp. (NASDAQ:PFC – Get Rating) Donald P. Hileman sold 1,000 shares in a trade that took place on Monday, May 16. The shares were sold at an average price of $25.67, for a total transaction of $25,670.00. Following the completion of the sale, the administrator now directly owns 82,038 shares of the company, valued at $2,105,915.46. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

NASDAQ:PFC was down $0.63 during trading hours on Wednesday, hitting $25.75. 1,965 shares of the company were traded, against an average volume of 109,528. The company has a market capitalization of $915.16 million, a price-earnings ratio of 8.74 and a beta of 1.32. The company has a 50-day moving average of $28.96 and a 200-day moving average of $30.17. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt ratio of 0.25. Premier Financial Corp. has a 1-year low of $25.30 and a 1-year high of $34.00.

Premier Financial (NASDAQ:PFC – Get Rating) last reported quarterly earnings data on Tuesday, April 26. The company reported EPS of $0.73 for the quarter, beating analyst consensus estimates of $0.69 by $0.04. Premier Financial had a net margin of 35.53% and a return on equity of 10.84%. In the same quarter a year earlier, the company posted earnings per share of $1.10. Research analysts predict that Premier Financial Corp. will post an EPS of 3.03 for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 13. Shareholders of record on Friday, May 6 received a dividend of $0.30. The ex-dividend date was Thursday, May 5. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 4.66%. Premier Financial’s dividend payout ratio is currently 39.74%.

Several institutional investors and hedge funds have recently changed their positions in the company. Jane Street Group LLC bought a new position in shares of Premier Financial in Q1 worth around $240,000. Point72 Hong Kong Ltd acquired a new stake in shares of Premier Financial during Q1 for a value of approximately $66,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Premier Financial during Q1 worth approximately $207,000. State Street Corp increased its position in Premier Financial shares by 34.8% in the first quarter. State Street Corp now owns 1,038,636 shares of the company worth $31,502,000 after acquiring an additional 268,057 shares in the last quarter. Finally, Invesco Ltd. increased its position in Premier Financial shares by 1,681.2% in the first quarter. Invesco Ltd. now owns 759,094 shares of the company worth $23,023,000 after acquiring an additional 716,477 shares in the last quarter. Institutional investors and hedge funds hold 67.53% of the company’s shares.

The PFC has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Premier Financial shares from a “hold” rating to a “buy” rating and set a price target of $32.00 on the stock in a research report on Wednesday, April 27. Janney Montgomery Scott upgraded Premier Financial shares from a “neutral” rating to a “buy” rating in a Wednesday, February 23 research report.

Premier Financial Company Profile (Get a rating)

Premier Financial Corp., through its subsidiaries, provides various banking services. It offers various current, chequing, money market and savings accounts, as well as certificates of deposit and certificates of deposit account registration service; and investment products. The Company also offers residential and commercial real estate, commercial, construction, renovation and home equity loans, and consumer loans.

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