Premier Financial (NASDAQ:PFC) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Premier Financial Corp. (NASDAQ:PFC) saw strong trading volume on Friday . 674,731 shares traded hands during trading, an increase of 224% from the previous session’s volume of 208,268 shares.The stock last traded at $27.89 and had previously closed at $28.07.

Premier Financial Stock Performance

The stock has a market cap of $1.00 billion, a P/E ratio of 14.09 and a beta of 1.28. The company has a fifty day moving average of $26.89 and a 200 day moving average of $25.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.95 and a quick ratio of 0.93.

Premier Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 31st were issued a $0.31 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.24 annualized dividend and a dividend yield of 4.42%. Premier Financial’s dividend payout ratio is currently 62.31%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PFC. Capital Performance Advisors LLP bought a new position in shares of Premier Financial in the third quarter valued at $25,000. Jones Financial Companies Lllp bought a new position in shares of Premier Financial in the fourth quarter valued at $26,000. Sterling Capital Management LLC increased its holdings in shares of Premier Financial by 804.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,131 shares of the company’s stock valued at $29,000 after buying an additional 1,006 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of Premier Financial in the fourth quarter valued at $106,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Premier Financial in the fourth quarter valued at $174,000. Institutional investors own 66.14% 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.