New York Life Investment Management LLC Increases Stock Holdings in Premier Financial Corp. (NASDAQ:PFC)

New York Life Investment Management LLC increased its holdings in Premier Financial Corp. (NASDAQ:PFC) by 32.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 62,070 shares of the company’s stock after acquiring an additional 15,175 shares during the period. New York Life Investment Management LLC’s holdings in Premier Financial were worth $1,587,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. D.A. Davidson & CO. lifted its stake in Premier Financial by 1.4% in the fourth quarter. D.A. Davidson & CO. now owns 26,949 shares of the company’s stock worth $689,000 after acquiring an additional 374 shares during the period. Principal Financial Group Inc. lifted its stake in Premier Financial by 9.2% in the fourth quarter. Principal Financial Group Inc. now owns 26,844 shares of the company’s stock worth $686,000 after acquiring an additional 2,271 shares during the period. ABC Arbitrage SA purchased a new stake in Premier Financial in the fourth quarter worth $4,916,000. Polaris Capital Management LLC lifted its stake in Premier Financial by 3.1% in the fourth quarter. Polaris Capital Management LLC now owns 357,483 shares of the company’s stock worth $9,141,000 after acquiring an additional 10,700 shares during the period. Finally, Empowered Funds LLC lifted its position in Premier Financial by 5.0% during the fourth quarter. Empowered Funds LLC now owns 92,630 shares of the company’s stock valued at $2,369,000 after buying an additional 4,447 shares during the period. Hedge funds and other institutional investors own 66.14% of the company’s stock.

Premier Financial Stock Performance

Shares of Premier Financial stock opened at $28.13 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $1.01 billion, a P/E ratio of 14.13 and a beta of 1.28. The business has a fifty day simple moving average of $26.93 and a two-hundred day simple moving average of $25.98. Premier Financial Corp. has a 12 month low of $18.63 and a 12 month high of $29.64.

Premier Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 31st were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend was Friday, January 31st. Premier Financial’s dividend payout ratio is currently 62.31%.

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.