Premier Financial (NASDAQ:PFC) Sees Unusually-High Trading Volume – Time to Buy?

Premier Financial Corp. (NASDAQ:PFC) shares saw unusually-high trading volume on Friday . Approximately 674,731 shares changed hands during mid-day trading, an increase of 224% from the previous session’s volume of 208,268 shares.The stock last traded at $27.89 and had previously closed at $28.07.

Premier Financial Stock Performance

The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.42. The stock has a 50 day simple moving average of $26.89 and a 200 day simple moving average of $25.93. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 14.09 and a beta of 1.28.

Premier Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 31st were given 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 presently 62.31%.

Hedge Funds Weigh In On Premier Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Performance Advisors LLP acquired a new position in shares of Premier Financial during the third quarter worth approximately $25,000. Jones Financial Companies Lllp bought a new stake in Premier Financial during the fourth quarter worth approximately $26,000. Sterling Capital Management LLC raised its holdings in Premier Financial by 804.8% during the fourth quarter. Sterling Capital Management LLC now owns 1,131 shares of the company’s stock worth $29,000 after purchasing an additional 1,006 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Premier Financial during the fourth quarter worth approximately $106,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Premier Financial during the fourth quarter worth approximately $174,000. 66.14% of the stock is currently owned by institutional investors and hedge funds.

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.