Boston Partners Cuts Stock Position in Premier Financial Corp. (NASDAQ:PFC)

Boston Partners lessened its stake in Premier Financial Corp. (NASDAQ:PFC) by 44.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,688 shares of the company’s stock after selling 23,888 shares during the period. Boston Partners’ holdings in Premier Financial were worth $759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PFC. Barclays PLC boosted its holdings in Premier Financial by 60.0% in the third quarter. Barclays PLC now owns 80,883 shares of the company’s stock worth $1,900,000 after acquiring an additional 30,334 shares in the last quarter. State Street Corp boosted its holdings in Premier Financial by 3.5% in the third quarter. State Street Corp now owns 1,055,377 shares of the company’s stock worth $24,780,000 after acquiring an additional 35,682 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Premier Financial by 32.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 383,616 shares of the company’s stock worth $9,809,000 after acquiring an additional 94,000 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Premier Financial by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 653,065 shares of the company’s stock worth $15,334,000 after acquiring an additional 49,367 shares in the last quarter. Finally, Polaris Capital Management LLC boosted its holdings in Premier Financial by 3.1% in the fourth quarter. Polaris Capital Management LLC now owns 357,483 shares of the company’s stock worth $9,141,000 after acquiring an additional 10,700 shares in the last quarter. Hedge funds and other institutional investors own 66.14% of the company’s stock.

Premier Financial Price Performance

Shares of NASDAQ PFC opened at $28.04 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 0.95. The company has a market cap of $1.00 billion, a PE ratio of 14.09 and a beta of 1.28. The business has a 50-day simple moving average of $27.67 and a two-hundred day simple moving average of $26.31. Premier Financial Corp. has a fifty-two week low of $18.63 and a fifty-two week high of $29.64.

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 issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 4.42%. The ex-dividend date was Friday, January 31st. Premier Financial’s dividend payout ratio is presently 62.31%.

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.