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

Premier Financial (NASDAQ:PFC) issued its quarterly earnings results on Tuesday. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.04), RTT News reports. Premier Financial had a net margin of 18.07% and a return on equity of 8.19%. The business had revenue of $112.74 million during the quarter, compared to analyst estimates of $64.55 million. During the same period in the prior year, the business posted $0.69 earnings per share.

Premier Financial Stock Down 0.3 %

Shares of PFC opened at $24.35 on Thursday. The stock has a market cap of $872.05 million, a price-to-earnings ratio of 7.84 and a beta of 1.26. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 0.49. Premier Financial has a 12 month low of $15.79 and a 12 month high of $26.40. The company has a 50-day moving average price of $24.01 and a two-hundred day moving average price of $22.07.

Premier Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 9th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend was Friday, August 9th. Premier Financial’s dividend payout ratio (DPR) is presently 40.00%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Premier Financial news, Director Donald P. Hileman sold 1,500 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 28,311 shares in the company, valued at $669,272.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Dennis E. Rose, Jr. sold 2,000 shares of Premier Financial stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $25.01, for a total value of $50,020.00. Following the completion of the transaction, the executive vice president now owns 38,114 shares in the company, valued at approximately $953,231.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Donald P. Hileman sold 1,500 shares of Premier Financial stock in a transaction that occurred 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 transaction, the director now owns 28,311 shares of the company’s stock, valued at $669,272.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.22% of the company’s stock.

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.