$0.73 EPS Expected for Premier Financial Corp. (NASDAQ:PFC) This Quarter

Analysts expect that Premier Financial Corp. (NASDAQ:PFCGet Rating) will report earnings of $0.73 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Premier Financial’s earnings. The lowest EPS estimate is $0.70 and the highest is $0.76. Premier Financial posted earnings of $0.84 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 13.1%. The company is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Premier Financial will report full-year earnings of $3.03 per share for the current year, with EPS estimates ranging from $2.98 to $3.09. For the next fiscal year, analysts anticipate that the business will post earnings of $3.23 per share, with EPS estimates ranging from $3.12 to $3.31. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Premier Financial.

Premier Financial (NASDAQ:PFCGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. Premier Financial had a return on equity of 11.07% and a net margin of 35.53%. During the same quarter in the previous year, the business posted $1.10 earnings per share.

PFC has been the subject of several research reports. Janney Montgomery Scott raised Premier Financial from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 23rd. Zacks Investment Research raised Premier Financial from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Wednesday, April 27th.

In related news, Director Donald P. Hileman sold 1,000 shares of Premier Financial stock in a transaction on Monday, February 14th. The stock was sold at an average price of $30.56, for a total transaction of $30,560.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Morgan Stanley grew its stake in shares of Premier Financial by 982.8% in the second quarter. Morgan Stanley now owns 49,667 shares of the company’s stock valued at $1,410,000 after buying an additional 45,080 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Premier Financial in the third quarter valued at $764,000. Advisor Group Holdings Inc. grew its stake in shares of Premier Financial by 14.5% in the third quarter. Advisor Group Holdings Inc. now owns 5,982 shares of the company’s stock valued at $190,000 after buying an additional 759 shares in the last quarter. Moors & Cabot Inc. bought a new position in shares of Premier Financial in the third quarter valued at $27,000. Finally, South Dakota Investment Council grew its stake in shares of Premier Financial by 47.8% in the third quarter. South Dakota Investment Council now owns 47,815 shares of the company’s stock valued at $1,522,000 after buying an additional 15,455 shares in the last quarter. 67.53% of the stock is owned by institutional investors.

PFC stock traded down $0.39 during midday trading on Monday, reaching $25.84. 128,895 shares of the company’s stock traded hands, compared to its average volume of 102,436. The company has a 50-day simple moving average of $29.14 and a two-hundred day simple moving average of $30.28. Premier Financial has a 1-year low of $25.30 and a 1-year high of $34.00. The company has a market cap of $918.35 million, a price-to-earnings ratio of 8.56 and a beta of 1.32. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.25.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 13th. Investors of record on Friday, May 6th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, May 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.64%. Premier Financial’s dividend payout ratio (DPR) is presently 39.74%.

About Premier Financial (Get Rating)

Premier Financial Corp., through its subsidiaries, provides various banking services. It offers various 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, and consumer loans.

Further Reading

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Earnings History and Estimates for Premier Financial (NASDAQ:PFC)

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