Premier Financial Corp. (NASDAQ:PFC) Position Reduced by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC trimmed its stake in shares of Premier Financial Corp. (NASDAQ:PFC) by 6.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,976 shares of the company’s stock after selling 793 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Premier Financial were worth $306,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in shares of Premier Financial during the fourth quarter worth $26,000. EMC Capital Management raised its holdings in shares of Premier Financial by 511.7% during the fourth quarter. EMC Capital Management now owns 8,392 shares of the company’s stock worth $215,000 after purchasing an additional 7,020 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Premier Financial in the 4th quarter worth about $218,000. SG Americas Securities LLC increased its holdings in shares of Premier Financial by 13.4% in the 4th quarter. SG Americas Securities LLC now owns 9,646 shares of the company’s stock worth $247,000 after acquiring an additional 1,139 shares during the period. Finally, Verition Fund Management LLC increased its holdings in shares of Premier Financial by 23.3% in the 3rd quarter. Verition Fund Management LLC now owns 12,687 shares of the company’s stock worth $298,000 after acquiring an additional 2,395 shares during the period. 66.14% of the stock is owned by institutional investors and hedge funds.

Premier Financial Price Performance

PFC stock opened at $28.04 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.42. Premier Financial Corp. has a fifty-two week low of $18.63 and a fifty-two week high of $29.64. The firm’s 50-day simple moving average is $27.34 and its 200 day simple moving average is $26.20. The stock has a market cap of $1.00 billion, a PE ratio of 14.09 and a beta of 1.28.

Premier Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 31st were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.42%. Premier Financial’s dividend payout ratio (DPR) is presently 62.31%.

Premier Financial 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.