Premier Financial Corp. (NASDAQ:PFC - Get Free Report) 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 of this dividend is Friday, November 8th.
Premier Financial has increased its dividend by an average of 12.1% per year over the last three years and has increased its dividend every year for the last 13 years. Premier Financial has a dividend payout ratio of 57.1% meaning its dividend is sufficiently covered by earnings. 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%.
Shares of NASDAQ PFC opened at $24.35 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 0.49. The company has a market cap of $872.05 million, a price-to-earnings ratio of 7.84 and a beta of 1.26. Premier Financial has a 12-month low of $15.79 and a 12-month high of $26.40. The firm's 50-day simple moving average is $24.01 and its 200 day simple moving average is $22.07.
Premier Financial (NASDAQ:PFC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.04). Premier Financial had a net margin of 18.07% and a return on equity of 8.19%. The company had revenue of $112.74 million during the quarter, compared to analyst estimates of $64.55 million. During the same period in the prior year, the business earned $0.69 EPS. On average, research analysts expect that Premier Financial will post 1.98 earnings per share for the current fiscal year.
Separately, Janney Montgomery Scott reiterated a "neutral" rating on shares of Premier Financial in a report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $22.50.
Read Our Latest Stock Report on Premier Financial
In related news, 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 value of $50,020.00. Following the completion of the sale, the executive vice president now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Donald P. Hileman sold 1,500 shares of the business's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $23.64, for a total value of $35,460.00. Following the completion of the transaction, the director now owns 28,311 shares of the company's stock, valued at $669,272.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dennis E. Rose, Jr. sold 2,000 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $25.01, for a total transaction of $50,020.00. Following the completion of the sale, the executive vice president now owns 38,114 shares of the company's stock, valued at approximately $953,231.14. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.22% of the company's stock.
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.
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