Premier Financial Corp. (NASDAQ:PFC) Shares Sold by SJS Investment Consulting Inc.

SJS Investment Consulting Inc. decreased its position in Premier Financial Corp. (NASDAQ:PFC) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,541 shares of the company’s stock after selling 7,081 shares during the quarter. Premier Financial accounts for approximately 0.4% of SJS Investment Consulting Inc.’s holdings, making the stock its 22nd largest position. SJS Investment Consulting Inc. owned 0.28% of Premier Financial worth $2,545,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Versor Investments LP boosted its stake in Premier Financial by 538.1% in the third quarter. Versor Investments LP now owns 68,431 shares of the company’s stock valued at $1,607,000 after acquiring an additional 57,707 shares during the period. Barclays PLC lifted its holdings in shares of Premier Financial by 60.0% in the 3rd quarter. Barclays PLC now owns 80,883 shares of the company’s stock worth $1,900,000 after purchasing an additional 30,334 shares during the last quarter. State Street Corp boosted its position in Premier Financial by 3.5% during the 3rd 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. JPMorgan Chase & Co. grew its stake in Premier Financial by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 653,065 shares of the company’s stock worth $15,334,000 after buying an additional 49,367 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Premier Financial by 32.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 383,616 shares of the company’s stock worth $9,809,000 after buying an additional 94,000 shares during the last quarter. 66.14% of the stock is currently owned by institutional investors.

Insider Transactions at Premier Financial

In related news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the stock in a transaction dated Monday, November 18th. The shares were 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 represents a 5.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.22% of the company’s stock.

Premier Financial Stock Performance

PFC stock opened at $27.30 on Friday. Premier Financial Corp. has a 1 year low of $18.63 and a 1 year high of $29.63. The stock has a market capitalization of $978.43 million, a price-to-earnings ratio of 13.72 and a beta of 1.28. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 0.95. The stock’s fifty day moving average is $26.56 and its two-hundred day moving average is $25.13.

Premier Financial (NASDAQ:PFC) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.04). Premier Financial had a net margin of 16.12% and a return on equity of 7.66%. The firm had revenue of $112.74 million during the quarter, compared to the consensus estimate of $64.55 million. During the same quarter in the prior year, the business earned $0.69 earnings per share. On average, research analysts predict that Premier Financial Corp. will post 2.15 EPS for the current year.

Premier Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.54%. Premier Financial’s dividend payout ratio (DPR) is presently 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.