Boston Partners Sells 23,888 Shares of Premier Financial Corp. (NASDAQ:PFC)

Boston Partners trimmed its holdings in shares of Premier Financial Corp. (NASDAQ:PFC) by 44.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,688 shares of the company’s stock after selling 23,888 shares during the quarter. Boston Partners owned 0.08% of Premier Financial worth $759,000 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. Principal Financial Group Inc. lifted its position in shares of Premier Financial by 22.7% during the third quarter. Principal Financial Group Inc. now owns 24,573 shares of the company’s stock worth $577,000 after purchasing an additional 4,542 shares during the last quarter. Quest Partners LLC lifted its position in shares of Premier Financial by 133.5% during the third quarter. Quest Partners LLC now owns 27,295 shares of the company’s stock worth $641,000 after purchasing an additional 15,604 shares during the last quarter. 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 valued at $17,655,000 after buying an additional 716,406 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Premier Financial by 27.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 67,854 shares of the company’s stock valued at $1,593,000 after buying an additional 14,441 shares during the period. Finally, Verition Fund Management LLC increased its stake in shares of Premier Financial by 23.3% during the third quarter. Verition Fund Management LLC now owns 12,687 shares of the company’s stock valued at $298,000 after buying an additional 2,395 shares during the period. 66.14% of the stock is currently owned by institutional investors.

Premier Financial Stock Performance

Shares of Premier Financial stock opened at $28.04 on Friday. The firm has a market cap of $1.00 billion, a P/E ratio of 14.09 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. The stock’s fifty day moving average price is $27.67 and its 200-day moving average price is $26.31.

Premier Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 31st were paid a dividend of $0.31 per share. The ex-dividend date was Friday, January 31st. This represents a $1.24 annualized dividend and a dividend yield of 4.42%. Premier Financial’s dividend payout ratio is currently 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.