Siena Capital Partners GP LLC Sells 10,200 Shares of Premier Financial Corp. (NASDAQ:PFC)

Siena Capital Partners GP LLC trimmed its holdings in shares of Premier Financial Corp. (NASDAQ:PFC) by 6.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 159,200 shares of the company’s stock after selling 10,200 shares during the quarter. Siena Capital Partners GP LLC owned 0.44% of Premier Financial worth $3,738,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PFC. Vanguard Group Inc. lifted its position in shares of Premier Financial by 0.5% during the first quarter. Vanguard Group Inc. now owns 1,983,708 shares of the company’s stock worth $40,269,000 after purchasing an additional 10,557 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Premier Financial by 4.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 83,521 shares of the company’s stock valued at $1,695,000 after acquiring an additional 3,835 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of Premier Financial by 153.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 14,286 shares of the company’s stock valued at $289,000 after acquiring an additional 8,656 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Premier Financial by 6.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 24,630 shares of the company’s stock valued at $500,000 after acquiring an additional 1,473 shares in the last quarter. Finally, EJF Capital LLC raised its holdings in shares of Premier Financial by 490.8% in the first quarter. EJF Capital LLC now owns 158,633 shares of the company’s stock valued at $3,220,000 after acquiring an additional 131,783 shares in the last quarter. 66.14% of the stock is currently owned by institutional investors.

Premier Financial Price Performance

Shares of NASDAQ PFC opened at $28.26 on Friday. The business’s 50 day moving average price is $24.93 and its 200 day moving average price is $23.06. The firm has a market cap of $1.01 billion, a P/E ratio of 14.35 and a beta of 1.25. Premier Financial Corp. has a 52 week low of $18.63 and a 52 week high of $29.15. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.42.

Premier Financial (NASDAQ:PFC) last issued its earnings results on Tuesday, October 22nd. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). The firm had revenue of $112.74 million during the quarter, compared to analysts’ expectations of $64.55 million. Premier Financial had a net margin of 16.06% and a return on equity of 7.43%. During the same quarter in the prior year, the company earned $0.69 EPS. On average, sell-side analysts expect that Premier Financial Corp. will post 2 earnings per share for the current year.

Premier Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend was Friday, November 8th. Premier Financial’s payout ratio is presently 62.94%.

Analyst Upgrades and Downgrades

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

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 transaction 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.22% of the stock is currently owned by corporate insiders.

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.