Renaissance Technologies LLC reduced its position in shares of Premier Financial Corp. (NASDAQ:PFC)

Renaissance Technologies LLC reduced its position in Premier Financial Corp. (NASDAQ:PFC – Free Report) by 4.1% during the second quarter, Holdings Channel.com reports. The firm owned 385,820 shares of the company’s stock after selling 16,400 shares during the quarter. Renaissance Technologies LLC’s holdings in Premier Financial were worth $7,894,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PFC. HBK Sorce Advisory LLC increased its position in Premier Financial by 8.5% in the first quarter. HBK Sorce Advisory LLC now owns 13,564 shares of the company’s stock worth $275,000 after purchasing an additional 1,057 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Premier Financial by 1.9% in the second quarter. Rhumbline Advisers now owns 58,144 shares of the company’s stock worth $1,190,000 after purchasing an additional 1,075 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Premier Financial by 2.8% in the second quarter. Victory Capital Management Inc. now owns 48,300 shares of the company’s stock worth $988,000 after buying an additional 1,300 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Premier Financial by 17.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,642 shares of the company’s stock worth $208,000 after purchasing an additional 1,304 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Premier Financial by 6.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 24,630 shares of the company’s stock valued at $500,000 after purchasing an additional 1,473 shares in the last quarter. 66.14% of the shares are currently held by hedge funds and other institutional investors.

Premier Financial trading down 1.8%

Shares of PFC stock opened at $23.44 on Wednesday. The stock has a market cap of $839.46 million, a P/E ratio of 7.56 and a beta of 1.26. The company has a quick ratio of 0.95, a current ratio of 0.97, and a debt-to-equity ratio of 0.49. The firm has a fifty day simple moving average of $24.37 and a two hundred day simple moving average of $21.50. Premier Financial Corp. has a 12-month low of $15.79 and a 12-month high of $26.40.

Premier Financial (NASDAQ:PFC – Get Free Report ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.06). Premier Financial had a net margin of 18.07% and a return on equity of 8.19%. The firm had revenue of $110.55 million for the quarter, compared to analysts’ expectations of $63.20 million. During the same period in the previous year, the company earned $0.68 EPS. On average, research analysts anticipate that Premier Financial Corp. will post 1.98 EPS for the current year.

Premier Financial announces dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 9th were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, August 9. This represents an annualized dividend of $1.24 and a dividend yield of 5.29%. Premier Financial’s dividend payout ratio is 40.00%.

Insider trading at Premier Financial

In other news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $25.01, for a total value of $50,020.00. Following the completion of the sale, the executive vice president now directly owns 38,114 shares of the company’s stock, valued at approximately $953,231.14. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. In other news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $25.01, for a total transaction of $50,020.00. Following the sale, the executive vice president now owns 38,114 shares in the company, valued at approximately $953,231.14. The sale was disclosed in a filing with the SEC, which is accessible via this link. Also, Director Donald P. Hileman sold 1,500 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $23.64, for a total transaction of $35,460.00. Following the completion of the transaction, the director now owns 28,311 shares of the company’s stock, valued at $669,272.04. The disclosure for this sale can be found here. Corporate insiders own 2.22% of the company’s shares.

Analyst upgrades and downgrades

Separately, Janney Montgomery Scott reissued a “neutral” rating on shares of Premier Financial in a research report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $22.50, based on data from MarketBeat.

View the latest stock report on Premier Financial

Premier Financial Profile

(Free Report)

Premier Financial Corp., through its subsidiaries, provides various banking services. Offers demand, checking, money market, and savings accounts, as well as certificates of deposits and certificates of deposit account registration; and investment products. The company also offers residential and commercial real estate, commercial, construction, home improvement, and installment and consumer loans.

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Want to see what other hedge funds own PFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Premier Financial Corp. (NASDAQ:PFC – Free Report).

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