Polaris Capital Management LLC Buys 10,700 Shares of Premier Financial Corp. (NASDAQ:PFC)

Polaris Capital Management LLC raised its stake in shares of Premier Financial Corp. (NASDAQ:PFC) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 357,483 shares of the company’s stock after acquiring an additional 10,700 shares during the quarter. Polaris Capital Management LLC owned approximately 1.00% of Premier Financial worth $9,141,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PFC. Empowered Funds LLC raised its position in Premier Financial by 5.0% in the 4th quarter. Empowered Funds LLC now owns 92,630 shares of the company’s stock valued at $2,369,000 after purchasing an additional 4,447 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Premier Financial by 18.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,939 shares of the company’s stock valued at $668,000 after acquiring an additional 4,102 shares in the last quarter. EMC Capital Management lifted its position in shares of Premier Financial by 511.7% during the fourth quarter. EMC Capital Management now owns 8,392 shares of the company’s stock worth $215,000 after purchasing an additional 7,020 shares in the last quarter. Inspire Investing LLC boosted its holdings in Premier Financial by 5.4% in the fourth quarter. Inspire Investing LLC now owns 38,592 shares of the company’s stock valued at $987,000 after acquiring an additional 1,985 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in Premier Financial by 13.4% during the 4th quarter. SG Americas Securities LLC now owns 9,646 shares of the company’s stock valued at $247,000 after purchasing an additional 1,139 shares during the period. 66.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 36,144 shares of the company’s stock, valued at $1,011,309.12. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.22% of the company’s stock.

Premier Financial Trading Up 2.9 %

NASDAQ PFC opened at $28.91 on Tuesday. The company has a market capitalization of $1.04 billion, a PE ratio of 14.53 and a beta of 1.28. The stock has a 50-day simple moving average of $26.57 and a 200 day simple moving average of $25.50. 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 $29.63.

Premier Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 31st were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 4.29%. The ex-dividend date was Friday, January 31st. Premier Financial’s payout ratio is presently 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.