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

Premier Financial Corp. (NASDAQ:PFC) announced a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Investors of record on Friday, January 31st will be paid a dividend of 0.31 per share on Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date of this dividend is Friday, January 31st.

Premier Financial has increased its dividend by an average of 5.7% annually over the last three years. Premier Financial has a dividend payout ratio of 51.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Premier Financial to earn $2.15 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 57.7%.

Premier Financial Trading Up 0.2 %

Shares of PFC stock traded up $0.05 during mid-day trading on Wednesday, reaching $25.24. 609,814 shares of the stock traded hands, compared to its average volume of 195,545. The stock’s fifty day simple moving average is $26.67 and its two-hundred day simple moving average is $25.07. Premier Financial has a 1-year low of $18.63 and a 1-year high of $29.63. 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 company has a market cap of $904.63 million, a price-to-earnings ratio of 12.81 and a beta of 1.28.

Premier Financial (NASDAQ:PFC) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.04). The business had revenue of $112.74 million during the quarter, compared to the consensus estimate of $64.55 million. Premier Financial had a return on equity of 7.43% and a net margin of 16.06%. During the same period in the prior year, the firm earned $0.69 EPS. On average, research analysts anticipate that Premier Financial will post 2 EPS for the current fiscal year.

Insider Activity

In other news, EVP Dennis E. Rose, Jr. sold 2,000 shares of Premier Financial stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $27.98, for a total value of $55,960.00. Following the completion of the transaction, the executive vice president now directly owns 36,144 shares of the company’s stock, valued at approximately $1,011,309.12. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.22% of the company’s stock.

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.