ABC Arbitrage SA Purchases New Shares in Premier Financial Corp. (NASDAQ:PFC)

ABC Arbitrage SA purchased a new position in shares of Premier Financial Corp. (NASDAQ:PFC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 192,268 shares of the company’s stock, valued at approximately $4,916,000. ABC Arbitrage SA owned about 0.54% of Premier Financial as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in PFC. State Street Corp boosted its holdings in Premier Financial by 3.5% during the third quarter. State Street Corp now owns 1,055,377 shares of the company’s stock worth $24,780,000 after buying an additional 35,682 shares in the last quarter. Geode Capital Management LLC grew its stake in Premier Financial by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 864,387 shares of the company’s stock valued at $20,300,000 after acquiring an additional 8,542 shares during the period. Citigroup Inc. increased its stake in shares of Premier Financial by 2,017.1% during the third quarter. Citigroup Inc. now owns 751,923 shares of the company’s stock worth $17,655,000 after purchasing an additional 716,406 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Premier Financial by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 653,065 shares of the company’s stock worth $15,334,000 after purchasing an additional 49,367 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Premier Financial by 32.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 383,616 shares of the company’s stock worth $9,809,000 after buying an additional 94,000 shares during the last quarter. 66.14% of the stock is currently owned by institutional investors.

Premier Financial Stock Down 0.1 %

PFC stock opened at $29.16 on Friday. The firm has a 50-day moving average of $26.66 and a two-hundred day moving average of $25.59. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 14.65 and a beta of 1.28. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. Premier Financial Corp. has a 12 month low of $18.63 and a 12 month high of $29.64.

Premier Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors 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 4.25%. Premier Financial’s dividend payout ratio is presently 62.31%.

Insider Transactions at Premier Financial

In other Premier Financial news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $27.98, for a total value of $55,960.00. Following the transaction, the executive vice president now directly owns 36,144 shares in the company, valued at $1,011,309.12. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.22% 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.