Stock analysts expect Premier Financial Corp. (NASDAQ: PFC) posted revenue of $ 74.53 million for the current quarter, according to Zacks. Three analysts provided earnings estimates for Premier Financial. The highest sales estimate is $ 75.90 million and the lowest is $ 73.00 million. Premier Financial reported sales of $ 73.64 million in the same quarter last year, indicating a positive year-over-year growth rate of 1.2%. The company is expected to release its next earnings report on Tuesday, January 25.
On average, analysts expect Premier Financial to report annual revenue of $ 303.23 million for the current fiscal year, with estimates ranging from $ 299.00 million to $ 306.00 million. of dollars. For the next fiscal year, analysts expect the company to report revenue of $ 296.53 million, with estimates ranging from $ 292.80 million to $ 301.80 million. Zacks’ sales calculations are an average based on a survey of seller-side analysts who provide coverage to Premier Financial.
Premier Financial (NASDAQ: PFC) last reported its quarterly results on Thursday, October 28. The company reported earnings per share of $ 0.76 for the quarter, missing analyst consensus estimates of $ 0.77 per ($ 0.01). The company posted revenue of $ 75.35 million for the quarter, compared to analysts’ expectations of $ 74.20 million. Premier Financial reported a return on equity of 13.20% and a net margin of 40.52%. During the same period last year, the company posted earnings per share of $ 0.77.
PFC has been the subject of several research reports. Raymond James downgraded Premier Financial shares from an “outperformance” rating to a “market performance” rating in a Monday November 1 research note. Zacks Investment Research downgraded Premier Financial shares from a “buy” rating to a “hold” rating in a research report released on Wednesday, November 3.
Meanwhile, director Samuel S. Strausbaugh sold 3,000 shares in a trade that took place on Wednesday, November 10. The shares were sold for an average price of $ 32.63, for a total value of $ 97,890.00. The transaction was disclosed in a legal file with the Securities & Exchange Commission, which is available on the SEC website. Company insiders own 1.72% of the company’s shares.
Large investors recently changed their holdings of stocks. Moors & Cabot Inc. purchased a new equity stake in Premier Financial in the third quarter valued at approximately $ 27,000. Shell Asset Management Co. purchased a new equity stake in Premier Financial in the second quarter for a value of approximately $ 134,000. Advisor Group Holdings Inc. increased its position in Premier Financial by 15.3% in the second quarter. Advisor Group Holdings Inc. now owns 5,223 shares of the company valued at $ 149,000 after purchasing an additional 694 shares in the last quarter. Shakespeare Wealth Management Inc. purchased a new stake in Premier Financial in the second quarter valued at approximately $ 208,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Premier Financial in the second quarter for a value of approximately $ 211,000. Institutional investors and hedge funds hold 65.51% of the company’s shares.
Premier Financial shares opened at $ 30.18 on Friday. The company has a market cap of $ 1.12 billion, a PE ratio of 8.57 and a beta of 1.38. The company’s 50-day simple moving average is $ 31.45 and its 200-day simple moving average is $ 30.00. The company has a debt to equity ratio of 0.10, a quick ratio of 0.85, and a current ratio of 0.88. Premier Financial has a one-year low of $ 21.68 and a one-year high of $ 35.90.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 19. Shareholders of record on Friday, November 12 received a dividend of $ 0.28. The ex-dividend date of this dividend was Wednesday, November 10. This is a boost from Premier Financial’s previous quarterly dividend of $ 0.27. This represents an annualized dividend of $ 1.12 and a dividend yield of 3.71%. Premier Financial’s dividend payout ratio (DPR) is 31.82%.
Premier Financial Company Profile
Premier Financial Corp. is a holding company which carries out banking activities. It focuses on traditional banking products and property and casualty, life and group health insurance. It offers family, multi-family residential and non-residential, consumer, commercial, construction, home equity and home improvement real estate loans.
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