Premier Financial (NASDAQ:PFC) Issues Earnings Results, Misses Expectations By $0.06 EPS

Premier Financial (NASDAQ:PFC) posted its earnings results on Friday. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06), Zacks reports. The business had revenue of $110.55 million during the quarter, compared to the consensus estimate of $63.20 million. Premier Financial had a net margin of 18.07% and a return on equity of 8.23%. During the same period in the previous year, the firm earned $0.68 EPS.

Premier Financial Trading Up 2.8 %

Shares of NASDAQ PFC opened at $26.19 on Monday. The company’s 50 day simple moving average is $20.80 and its 200 day simple moving average is $20.53. Premier Financial has a fifty-two week low of $15.79 and a fifty-two week high of $26.19. The firm has a market capitalization of $937.86 million, a P/E ratio of 8.45 and a beta of 1.28. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.96 and a quick ratio of 0.94.

Premier Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 9th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.73%. Premier Financial’s payout ratio is 40.00%.

Analysts Set New Price Targets

PFC has been the topic of several research analyst reports. Piper Sandler upped their price objective on shares of Premier Financial from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Hovde Group raised 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 research note on Monday, April 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $23.00 price objective (down from $25.00) on shares of Premier Financial in a research note on Thursday, April 25th.

Insider Buying and Selling at Premier Financial

In other Premier Financial news, Director Donald P. Hileman sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $21.19, for a total value of $31,785.00. Following the completion of the sale, the director now owns 29,811 shares of the company’s stock, valued at $631,695.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.22% of the company’s stock.

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.