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

Premier Financial (NASDAQ:PFC) issued its quarterly earnings results on Tuesday. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04), RTT News reports. 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 18.07% and a return on equity of 8.19%. During the same period in the previous year, the company posted $0.69 earnings per share.

Premier Financial Stock Performance

Shares of Premier Financial stock opened at $24.42 on Wednesday. The stock has a market cap of $874.55 million, a PE ratio of 7.88 and a beta of 1.26. Premier Financial has a 12 month low of $15.79 and a 12 month high of $26.40. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $23.98 and a 200-day simple moving average of $22.04.

Premier Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 9th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend was Friday, August 9th. Premier Financial’s dividend payout ratio (DPR) is currently 40.00%.

Insider Transactions at Premier Financial

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

Analyst Upgrades and Downgrades

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

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.