Premier Financial (PFC) to Release Quarterly Earnings on Tuesday

Premier Financial (NASDAQ:PFC) will issue its quarterly earnings data after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Premier Financial (NASDAQ:PFC) last posted its earnings results on Tuesday, January 23rd. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.02). The firm had revenue of $64.34 million during the quarter, compared to analyst estimates of $66.15 million. Premier Financial had a net margin of 24.39% and a return on equity of 9.76%. On average, analysts expect Premier Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Premier Financial Stock Performance

NASDAQ:PFC opened at $20.03 on Monday. 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 market capitalization of $717.07 million, a price-to-earnings ratio of 6.44 and a beta of 1.27. The company’s 50-day moving average is $19.73 and its two-hundred day moving average is $20.35. Premier Financial has a 1-year low of $13.60 and a 1-year high of $24.87.

Premier Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 9th were issued a $0.31 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.24 annualized dividend and a yield of 6.19%. Premier Financial’s payout ratio is 39.87%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PFC. Keefe, Bruyette & Woods decreased their price objective on shares of Premier Financial from $26.00 to $25.00 and set a “market perform” rating on the stock in a report on Thursday, January 25th. Hovde Group upgraded shares of Premier Financial from a “market perform” rating to an “outperform” rating and set a $22.50 price objective on the stock in a report on Monday, April 1st. Finally, Piper Sandler began coverage on shares of Premier Financial in a report on Friday, February 23rd. They issued a “neutral” rating and a $21.00 price objective on the stock.

Insiders Place Their Bets

In other Premier Financial news, Director Donald P. Hileman sold 1,500 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $20.07, for a total transaction of $30,105.00. Following the sale, the director now directly owns 31,311 shares in the company, valued at approximately $628,411.77. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.22% of the stock is owned by company insiders.

Institutional Investors Weigh In On Premier Financial

A number of large investors have recently modified their holdings of PFC. Tower Research Capital LLC TRC grew its position in shares of Premier Financial by 365.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,335 shares of the company’s stock valued at $28,000 after buying an additional 1,048 shares during the last quarter. US Bancorp DE boosted its stake in Premier Financial by 149.9% during the 2nd quarter. US Bancorp DE now owns 1,869 shares of the company’s stock worth $30,000 after purchasing an additional 1,121 shares during the period. Qube Research & Technologies Ltd acquired a new stake in Premier Financial during the 3rd quarter worth $55,000. Money Concepts Capital Corp acquired a new stake in Premier Financial during the 4th quarter worth $64,000. Finally, Point72 Hong Kong Ltd acquired a new stake in Premier Financial during the 1st quarter worth $66,000. 66.14% of the stock is owned by hedge funds and other institutional investors.

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.