Premier Financial (NASDAQ:PFC) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Premier Financial (NASDAQ:PFC) announced its quarterly earnings data on Tuesday. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02, Zacks reports. Premier Financial had a return on equity of 9.76% and a net margin of 24.39%. The company had revenue of $108.84 million for the quarter, compared to analyst estimates of $63.93 million. During the same quarter last year, the firm earned $0.63 EPS.

Premier Financial Trading Down 3.6 %

Shares of Premier Financial stock traded down $0.75 during trading hours on Wednesday, hitting $19.84. The company’s stock had a trading volume of 26,724 shares, compared to its average volume of 135,388. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.97 and a quick ratio of 0.95. The company has a market capitalization of $710.27 million, a PE ratio of 6.52 and a beta of 1.27. Premier Financial has a 12 month low of $13.60 and a 12 month high of $24.87. The stock has a 50 day moving average of $19.74 and a 200 day moving average of $20.40.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several research firms recently commented on PFC. Hovde Group upgraded Premier Financial from a “market perform” rating to an “outperform” rating and set a $22.50 target price for the company in a research report on Monday, April 1st. Piper Sandler began coverage on Premier Financial in a research report on Friday, February 23rd. They set a “neutral” rating and a $21.00 target price for the company. Finally, Keefe, Bruyette & Woods cut their target price on Premier Financial from $26.00 to $25.00 and set a “market perform” rating for the company in a research report on Thursday, January 25th.

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.