Premier Financial Corp. (NASDAQ:PFC) is expected to report earnings of $0.69 per share


Wall Street brokers expect Premier Financial Corp. (NASDAQ:PFCGet a rating) to post earnings per share (EPS) of $0.69 for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Premier Financial’s earnings, with the highest EPS estimate of $0.74 and the lowest estimate of $0.66. Premier Financial posted earnings per share of $1.10 in the same quarter last year, which would indicate a negative growth rate of 37.3% year over year. The company is expected to announce its next quarterly results after the market closes on Monday, January 1.

According to Zacks, analysts expect Premier Financial to report annual earnings of $2.90 per share for the current fiscal year, with EPS estimates ranging from $2.85 to $2.93. For the next fiscal year, analysts expect the company to post earnings of $3.12 per share, with EPS estimates ranging from $3.07 to $3.17. Zacks’ EPS calculations are an average average based on a survey of analysts who follow Premier Financial.

First Financial (NASDAQ:PFCGet a rating) last released its results on Monday, January 24. The company reported earnings per share of $0.69 for the quarter, missing the Zacks consensus estimate of $0.77 per ($0.08). The company posted revenue of $75.03 million for the quarter, versus analyst estimates of $74.53 million. Premier Financial had a return on equity of 12.35% and a net margin of 38.96%. In the same quarter a year earlier, the company posted earnings per share of $0.87.

A number of stock analysts have recently commented on PFC shares. Janney Montgomery Scott upgraded Premier Financial from a “neutral” rating to a “buy” rating in a Wednesday, February 23 report. Piper Sandler downgraded Premier Financial from an “overweight” rating to a “neutral” rating and reduced its target price for the stock from $35.00 to $34.00 in a Wednesday, January 12 research note. They noted that the move was a review call. To finish, Zacks Investment Research upgraded Premier Financial from a “buy” rating to a “hold” rating in a Saturday, February 26 research note.

Shares of Premier Financial Action traded down $0.03 during Monday’s trading, hitting $28.63. 101,799 shares were traded, against an average volume of 174,993. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt ratio of 0.08. The company has a fifty-day moving average price of $30.39 and a 200-day moving average price of $30.91. The stock has a market capitalization of $1.03 billion, a price-earnings ratio of 8.45 and a beta of 1.32. Premier Financial has a 1 year minimum of $25.80 and a 1 year maximum of $34.00.

The company also recently declared a quarterly dividend, which was paid on Friday, February 18. Shareholders of record on Friday, February 11 received a dividend of $0.30. This is a boost from Premier Financial’s previous quarterly dividend of $0.28. This represents an annualized dividend of $1.20 and a yield of 4.19%. The ex-dividend date was Thursday, February 10. Premier Financial’s dividend payout ratio is currently 35.40%.

Separately, director Richard J. Schiraldi sold 26,700 shares of the company in a transaction dated Friday, February 11. The shares were sold at an average price of $30.80, for a total value of $822,360.00. The transaction was disclosed in an SEC filing, which is available via the SEC website. Additionally, director Donald P. Hileman sold 1,000 shares of the company in a transaction dated Monday, February 14. The stock was sold at an average price of $30.56, for a total transaction of $30,560.00. Disclosure of this sale can be found here. Insiders of the company own 1.90% of the shares of the company.

Several institutional investors and hedge funds have recently changed their positions in PFC. Moors & Cabot Inc. purchased a new stake in Premier Financial stock during Q3 for $27,000. Clearstead Advisors LLC acquired a new position in Premier Financial in the fourth quarter worth approximately $31,000. The New York State Teachers’ Retirement System purchased a new stake in Premier Financial during the fourth quarter worth approximately $99,000. Advisor Group Holdings Inc. increased its stake in Premier Financial by 14.5% during the third quarter. Advisor Group Holdings Inc. now owns 5,982 shares of the company worth $190,000 after purchasing an additional 759 shares in the last quarter. Finally, Millennium Management LLC bought a new position in Premier Financial in Q4, valued at around $202,000. 68.54% of the shares are currently held by institutional investors.

About Premier Financial (Get a rating)

Premier Financial Corp., through its subsidiaries, provides various banking services. It offers various current, chequing, money market and savings accounts, as well as certificates of deposit and certificates of deposit account registration service; and investment products. The Company also offers residential and commercial real estate, commercial, construction, renovation and home equity loans, and consumer loans.

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