Cullen Capital Management LLC Raises Stake in Premier Financial Corp. (NASDAQ:PFC)

Cullen Capital Management LLC raised its position in Premier Financial Corp. (NASDAQ:PFC) by 21.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,328 shares of the company’s stock after purchasing an additional 7,470 shares during the period. Cullen Capital Management LLC owned 0.12% of Premier Financial worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp purchased a new position in Premier Financial in the fourth quarter valued at $26,000. KLP Kapitalforvaltning AS acquired a new position in shares of Premier Financial during the 4th quarter worth about $174,000. EMC Capital Management increased its holdings in shares of Premier Financial by 511.7% in the 4th quarter. EMC Capital Management now owns 8,392 shares of the company’s stock valued at $215,000 after acquiring an additional 7,020 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Premier Financial in the 4th quarter valued at about $218,000. Finally, SG Americas Securities LLC raised its position in shares of Premier Financial by 13.4% during 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 in the last quarter. 66.14% of the stock is currently owned by institutional investors and hedge funds.

Premier Financial Stock Performance

Shares of PFC opened at $28.04 on Friday. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 14.09 and a beta of 1.28. Premier Financial Corp. has a 52-week low of $18.63 and a 52-week high of $29.64. 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 stock has a 50 day moving average price of $28.21 and a 200 day moving average price of $26.58.

Premier Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 31st were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend was Friday, January 31st. Premier Financial’s payout ratio is 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.