Premier Financial (NASDAQ:PFC) Announces Earnings Results, Misses Estimates By $0.04 EPS

Premier Financial (NASDAQ:PFC) released its earnings results on Tuesday. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.04), RTT News reports. Premier Financial had a net margin of 18.07% and a return on equity of 8.19%. The company had revenue of $112.74 million for the quarter, compared to analysts’ expectations of $64.55 million. During the same quarter last year, the firm posted $0.69 earnings per share.

Premier Financial Price Performance

Shares of NASDAQ PFC traded down $0.37 during mid-day trading on Thursday, reaching $23.98. The company’s stock had a trading volume of 136,206 shares, compared to its average volume of 155,215. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.97 and a quick ratio of 0.95. Premier Financial has a 52 week low of $15.79 and a 52 week high of $26.40. The stock has a fifty day moving average of $24.03 and a two-hundred day moving average of $22.09. The firm has a market capitalization of $858.80 million, a PE ratio of 7.84 and a beta of 1.26.

Premier Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 8th will be given a $0.31 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.24 annualized dividend and a dividend yield of 5.17%. Premier Financial’s payout ratio is 40.00%.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott reissued a “neutral” rating on shares of Premier Financial in a report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Premier Financial presently has a consensus rating of “Hold” and an average target price of $22.50.

Insider Activity at Premier Financial

In other news, Director Donald P. Hileman sold 1,500 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $23.64, for a total value of $35,460.00. Following the transaction, the director now owns 28,311 shares of the company’s stock, valued at approximately $669,272.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Donald P. Hileman sold 1,500 shares of Premier Financial stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $23.64, for a total value of $35,460.00. Following the sale, the director now directly owns 28,311 shares of the company’s stock, valued at approximately $669,272.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Dennis E. Rose, Jr. sold 2,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $25.01, for a total value of $50,020.00. Following the completion of the sale, the executive vice president now owns 38,114 shares in the company, valued at $953,231.14. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.22% of the stock is owned by corporate insiders.

About Premier Financial

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.