Premier Financial (NASDAQ:PFC) Issues Quarterly Earnings Results

Premier Financial (NASDAQ:PFC) announced its quarterly earnings results on Tuesday. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02, Zacks reports. Premier Financial had a return on equity of 9.19% and a net margin of 23.67%. The company had revenue of $108.84 million for the quarter, compared to the consensus estimate of $63.93 million. During the same quarter last year, the company posted $0.63 earnings per share.

Premier Financial Trading Down 1.0 %

Shares of Premier Financial stock opened at $20.38 on Thursday. The company’s fifty day simple moving average is $19.75 and its 200-day simple moving average is $20.40. The company has a market cap of $729.60 million, a price-to-earnings ratio of 6.57 and a beta of 1.27. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.37. Premier Financial has a 1 year low of $13.60 and a 1 year high of $24.87.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Piper Sandler assumed coverage on Premier Financial in a report on Friday, February 23rd. They set a “neutral” rating and a $21.00 price target on the stock. Hovde Group upgraded Premier Financial from a “market perform” rating to an “outperform” rating and set a $22.50 price target on the stock in a report on Monday, April 1st. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Premier Financial from $26.00 to $25.00 and set a “market perform” rating on the stock in a research note on Thursday, January 25th.

Insider Transactions at Premier Financial

In other news, Director Donald P. Hileman sold 1,500 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $20.07, for a total value of $30,105.00. Following the sale, the director now owns 31,311 shares in the company, valued at $628,411.77. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.22% of the stock is currently owned by corporate insiders.

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.