UBS Asset Management Americas Inc. Reduces Stock Holdings in Premier Financial Corp. (NASDAQ:PFC)

UBS Asset Management Americas Inc. decreased its holdings in Premier Financial Corp. (NASDAQ:PFC) by 7.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,214 shares of the company’s stock after selling 2,555 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.09% of Premier Financial worth $915,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Cubist Systematic Strategies LLC purchased a new stake in Premier Financial in the second quarter worth $211,000. First Trust Advisors LP raised its holdings in Premier Financial by 6.3% in the second quarter. First Trust Advisors LP now owns 19,551 shares of the company’s stock worth $555,000 after purchasing an additional 1,167 shares in the last quarter. Morgan Stanley raised its holdings in Premier Financial by 982.8% in the second quarter. Morgan Stanley now owns 49,667 shares of the company’s stock worth $1,410,000 after purchasing an additional 45,080 shares in the last quarter. Amundi bought a new position in Premier Financial in the second quarter worth $9,308,000. Finally, Kennedy Capital Management Inc. raised its holdings in Premier Financial by 24.7% in the second quarter. Kennedy Capital Management Inc. now owns 255,881 shares of the company’s stock worth $7,270,000 after purchasing an additional 50,676 shares in the last quarter. 65.51% of the stock is owned by institutional investors.

Shares of NASDAQ:PFC opened at $32.37 on Thursday. Premier Financial Corp. has a 1-year low of $20.61 and a 1-year high of $35.90. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.88 and a quick ratio of 0.86. The business has a fifty day moving average price of $31.80 and a 200-day moving average price of $30.04. The company has a market capitalization of $1.20 billion, a PE ratio of 9.20 and a beta of 1.39.

Premier Financial (NASDAQ:PFC) last issued its quarterly earnings results on Thursday, October 28th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). Premier Financial had a net margin of 40.52% and a return on equity of 13.20%. During the same period in the prior year, the company earned $0.77 EPS. On average, sell-side analysts anticipate that Premier Financial Corp. will post 3.47 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 19th. Stockholders of record on Friday, November 12th were issued a dividend of $0.28 per share. The ex-dividend date was Wednesday, November 10th. This is an increase from Premier Financial’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 3.46%. Premier Financial’s dividend payout ratio (DPR) is presently 31.82%.

In other news, Director Samuel S. Strausbaugh sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 10th. The stock was sold at an average price of $32.63, for a total transaction of $97,890.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.72% of the stock is owned by company insiders.

A number of equities analysts have issued reports on PFC shares. Zacks Investment Research downgraded Premier Financial from a “buy” rating to a “hold” rating in a report on Wednesday, November 3rd. Raymond James downgraded Premier Financial from an “outperform” rating to a “market perform” rating in a report on Monday, November 1st.

About Premier Financial

Premier Financial Corp. is a holding company, which engages in the provision of banking business. It focuses on traditional banking and property and casualty, life and, group health insurance products. It offers family real estate, multi-family residential and non-residential, consumer, commercial, construction, and home equity and improvement loans.

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Institutional Ownership by Quarter for Premier Financial (NASDAQ:PFC)

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