Premier Financial Corp. Declares Quarterly Dividend of $0.31 (NASDAQ:PFC)

Premier Financial Corp. (NASDAQ:PFC) announced a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Stockholders of record on Friday, January 31st will be given a dividend of 0.31 per share on Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend is Friday, January 31st.

Premier Financial has raised its dividend by an average of 5.7% annually over the last three years. Premier Financial has a dividend payout ratio of 51.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Premier Financial to earn $2.39 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 51.9%.

Premier Financial Stock Up 0.2 %

PFC opened at $25.24 on Thursday. The stock’s 50 day moving average price is $26.60 and its 200 day moving average price is $25.07. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.95 and a quick ratio of 0.93. The stock has a market cap of $904.60 million, a P/E ratio of 12.68 and a beta of 1.28. Premier Financial has a 12 month low of $18.63 and a 12 month high of $29.63.

Premier Financial (NASDAQ:PFC) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.46 earnings per share (EPS) 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 company had revenue of $112.74 million during the quarter, compared to the consensus estimate of $64.55 million. During the same quarter last year, the business earned $0.69 earnings per share. As a group, research analysts predict that Premier Financial will post 2.15 earnings per share for the current year.

Insider Activity

In other news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $27.98, for a total transaction of $55,960.00. Following the completion of the sale, the executive vice president now owns 36,144 shares in the company, valued at approximately $1,011,309.12. This represents a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.