Polaris Capital Management LLC Has $9.14 Million Stock Position in Premier Financial Corp. (NASDAQ:PFC)

Polaris Capital Management LLC grew its holdings in shares of Premier Financial Corp. (NASDAQ:PFC) by 3.1% in the 4th quarter, Holdings Channel reports. The fund owned 357,483 shares of the company’s stock after buying an additional 10,700 shares during the period. Polaris Capital Management LLC’s holdings in Premier Financial were worth $9,141,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new position in Premier Financial in the 3rd quarter valued at approximately $25,000. SG Americas Securities LLC acquired a new stake in shares of Premier Financial during the third quarter worth $200,000. EMC Capital Management raised its position in shares of Premier Financial by 511.7% in the 4th quarter. EMC Capital Management now owns 8,392 shares of the company’s stock worth $215,000 after acquiring an additional 7,020 shares in the last quarter. CWM LLC lifted its stake in shares of Premier Financial by 42.1% in the 3rd quarter. CWM LLC now owns 9,211 shares of the company’s stock valued at $216,000 after purchasing an additional 2,731 shares during the period. Finally, Verition Fund Management LLC increased its holdings in Premier Financial by 23.3% in the third quarter. Verition Fund Management LLC now owns 12,687 shares of the company’s stock worth $298,000 after purchasing an additional 2,395 shares in the last quarter. 66.14% of the stock is owned by institutional investors.

Insider Buying and Selling at Premier Financial

In other news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the company’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 value of $55,960.00. Following the completion of the transaction, the executive vice president now directly owns 36,144 shares of the company’s stock, valued at $1,011,309.12. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.22% of the company’s stock.

Premier Financial Stock Up 2.9 %

Premier Financial stock opened at $28.91 on Tuesday. Premier Financial Corp. has a 12-month low of $18.63 and a 12-month high of $29.63. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $1.04 billion, a PE ratio of 14.53 and a beta of 1.28. The firm’s fifty day moving average is $26.57 and its 200 day moving average is $25.50.

Premier Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 31st were paid a dividend of $0.31 per share. The ex-dividend date was Friday, January 31st. This represents a $1.24 dividend on an annualized basis and a yield of 4.29%. Premier Financial’s dividend payout ratio (DPR) is presently 62.31%.

Premier Financial 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.