Premier Financial Corp. (NASDAQ:PFC) Declares $0.31 Quarterly Dividend

Premier Financial Corp. (NASDAQ:PFC) announced a quarterly dividend on Tuesday, October 22nd, Zacks reports. Stockholders of record on Friday, November 8th will be paid a dividend of 0.31 per share on Friday, November 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date is Friday, November 8th.

Premier Financial has raised its dividend by an average of 12.1% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Premier Financial has a dividend payout ratio of 57.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Premier Financial to earn $2.17 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 57.1%.

Premier Financial Price Performance

Shares of NASDAQ:PFC opened at $24.35 on Thursday. The company has a 50-day simple moving average of $24.01 and a 200-day simple moving average of $22.07. Premier Financial has a one year low of $15.79 and a one year high of $26.40. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.95 and a current ratio of 0.97. The stock has a market capitalization of $872.05 million, a price-to-earnings ratio of 7.85 and a beta of 1.26.

Premier Financial (NASDAQ:PFC) last announced its earnings results on Tuesday, October 22nd. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). The business had revenue of $112.74 million during the quarter, compared to analysts’ expectations of $64.55 million. Premier Financial had a net margin of 18.07% and a return on equity of 8.19%. During the same period in the previous year, the company posted $0.69 earnings per share. On average, analysts predict that Premier Financial will post 1.98 EPS for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Premier Financial news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $25.01, for a total transaction of $50,020.00. Following the transaction, the executive vice president now directly owns 38,114 shares in the company, valued at approximately $953,231.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Premier Financial news, Director Donald P. Hileman sold 1,500 shares of the company’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 transaction, the director now directly owns 28,311 shares in the company, valued at approximately $669,272.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Dennis E. Rose, Jr. sold 2,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $25.01, for a total transaction of $50,020.00. Following the transaction, the executive vice president now owns 38,114 shares in the company, valued at $953,231.14. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.22% of the stock is currently owned by corporate insiders.

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.