Premier Financial (NASDAQ:PFC) Hits New 52-Week High at $25.46

Shares of Premier Financial Corp. (NASDAQ:PFC) reached a new 52-week high during trading on Tuesday . The company traded as high as $25.46 and last traded at $25.46, with a volume of 25382 shares traded. The stock had previously closed at $24.96.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PFC shares. Piper Sandler boosted their target price 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. Keefe, Bruyette & Woods restated a “market perform” rating and set a $23.00 price target (down from $25.00) on shares of Premier Financial in a research report on Thursday, April 25th. Finally, Hovde Group upgraded shares of Premier Financial from a “market perform” rating to an “outperform” rating and set a $22.50 price target on the stock in a research report on Monday, April 1st.

Premier Financial Stock Up 3.0 %

The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $912.52 million, a price-to-earnings ratio of 8.19 and a beta of 1.28. The firm’s fifty day simple moving average is $20.62 and its two-hundred day simple moving average is $20.52.

Premier Financial (NASDAQ:PFC) last posted its earnings results on Tuesday, April 23rd. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. Premier Financial had a net margin of 23.67% and a return on equity of 9.12%. The company had revenue of $108.84 million for the quarter, compared to analyst estimates of $63.93 million. During the same period in the previous year, the business posted $0.63 EPS. Sell-side analysts anticipate that Premier Financial Corp. will post 2.03 EPS for the current year.

Insider Transactions at Premier Financial

In other 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 transaction, the director now directly owns 29,811 shares in the company, valued at approximately $631,695.09. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.22% of the company’s stock.

Institutional Investors Weigh In On Premier Financial

Several large investors have recently added to or reduced their stakes in PFC. Dimensional Fund Advisors LP increased its position in shares of Premier Financial by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,254,801 shares of the company’s stock valued at $54,342,000 after purchasing an additional 17,231 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Premier Financial by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,983,708 shares of the company’s stock valued at $40,269,000 after purchasing an additional 10,557 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Premier Financial by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,065,098 shares of the company’s stock valued at $25,669,000 after purchasing an additional 48,257 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Premier Financial by 7.5% in the 1st quarter. ProShare Advisors LLC now owns 390,967 shares of the company’s stock valued at $7,937,000 after purchasing an additional 27,201 shares during the last quarter. Finally, LSV Asset Management increased its position in shares of Premier Financial by 6.4% in the 1st quarter. LSV Asset Management now owns 274,177 shares of the company’s stock valued at $5,566,000 after purchasing an additional 16,403 shares during the last quarter. 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.