Premier Financial Corp. (PFC) To Go Ex-Dividend on January 31st

Premier Financial Corp. (NASDAQ:PFC) declared a quarterly dividend on Tuesday, January 21st,Wall Street Journal reports. Investors 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 yield of 4.65%. The ex-dividend date is Friday, January 31st.

Premier Financial has increased its dividend by an average of 5.7% per year over the last three years. Premier Financial has a payout ratio of 51.2% meaning 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 Price Performance

PFC stock traded up $1.40 during mid-day trading on Thursday, hitting $26.64. The stock had a trading volume of 297,476 shares, compared to its average volume of 202,827. The firm has a fifty day simple moving average of $26.60 and a 200 day simple moving average of $25.07. The firm has a market capitalization of $954.78 million, a P/E ratio of 13.39 and a beta of 1.28. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. Premier Financial has a 52 week low of $18.63 and a 52 week high of $29.63.

Premier Financial (NASDAQ:PFC) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.04). The business had revenue of $112.74 million during the quarter, compared to analyst estimates of $64.55 million. Premier Financial had a net margin of 16.12% and a return on equity of 7.66%. During the same period last year, the business earned $0.69 earnings per share. As a group, research analysts forecast that Premier Financial will post 2.15 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $1,011,309.12. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.22% of the company’s stock.

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.