Premier Financial Corp. (NASDAQ:PFC) Short Interest Update

Premier Financial Corp. (NASDAQ:PFC) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 494,700 shares, an increase of 82.1% from the November 15th total of 271,600 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily trading volume, of 142,000 shares, the days-to-cover ratio is currently 3.5 days.

Insiders Place Their Bets

In other news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $27.98, for a total transaction of $55,960.00. Following the transaction, the executive vice president now directly owns 36,144 shares of the company’s stock, valued at approximately $1,011,309.12. The trade was a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.22% of the stock is owned by insiders.

Institutional Trading of Premier Financial

Several institutional investors have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new stake in Premier Financial in the third quarter valued at $25,000. Rhumbline Advisers raised its holdings in Premier Financial by 1.9% in the second quarter. Rhumbline Advisers now owns 58,144 shares of the company’s stock valued at $1,190,000 after acquiring an additional 1,075 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Premier Financial by 2.8% in the second quarter. Victory Capital Management Inc. now owns 48,300 shares of the company’s stock valued at $988,000 after acquiring an additional 1,300 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in Premier Financial by 8.6% in the second quarter. Evergreen Capital Management LLC now owns 17,912 shares of the company’s stock valued at $366,000 after acquiring an additional 1,414 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Premier Financial by 6.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 24,630 shares of the company’s stock valued at $500,000 after acquiring an additional 1,473 shares in the last quarter. 66.14% of the stock is owned by institutional investors and hedge funds.

Premier Financial Stock Down 0.6 %

Shares of NASDAQ PFC traded down $0.16 during trading on Thursday, reaching $28.03. 34,997 shares of the stock were exchanged, compared to its average volume of 152,313. The business’s 50-day moving average price is $26.13 and its 200 day moving average price is $23.77. Premier Financial has a twelve month low of $18.63 and a twelve month high of $29.63. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 14.31 and a beta of 1.27.

Premier Financial (NASDAQ:PFC) last posted its earnings results on Tuesday, October 22nd. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). Premier Financial had a return on equity of 7.43% and a net margin of 16.06%. The firm had revenue of $112.74 million for the quarter, compared to analyst estimates of $64.55 million. During the same period in the previous year, the firm posted $0.69 earnings per share. As a group, equities analysts forecast that Premier Financial will post 2 EPS for the current fiscal year.

Premier Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.24 annualized dividend and a yield of 4.42%. Premier Financial’s dividend payout ratio is presently 62.94%.

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.