O Shaughnessy Asset Management LLC Lowers Stock Holdings in Premier Financial Corp. (NASDAQ:PFC)

O Shaughnessy Asset Management LLC cut its holdings in shares of Premier Financial Corp. (NASDAQ:PFC) by 18.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,813 shares of the company’s stock after selling 13,609 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.17% of Premier Financial worth $1,581,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC grew its stake in shares of Premier Financial by 60.0% during the 3rd quarter. Barclays PLC now owns 80,883 shares of the company’s stock valued at $1,900,000 after buying an additional 30,334 shares during the period. State Street Corp grew its position in Premier Financial by 3.5% during the third quarter. State Street Corp now owns 1,055,377 shares of the company’s stock valued at $24,780,000 after acquiring an additional 35,682 shares during the period. Assenagon Asset Management S.A. increased its stake in Premier Financial by 32.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 383,616 shares of the company’s stock worth $9,809,000 after acquiring an additional 94,000 shares during the last quarter. Polaris Capital Management LLC raised its holdings in shares of Premier Financial by 3.1% in the 4th quarter. Polaris Capital Management LLC now owns 357,483 shares of the company’s stock worth $9,141,000 after purchasing an additional 10,700 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Premier Financial by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 653,065 shares of the company’s stock valued at $15,334,000 after purchasing an additional 49,367 shares in the last quarter. 66.14% of the stock is owned by institutional investors and hedge funds.

Premier Financial Price Performance

PFC opened at $28.04 on Friday. The company has a market cap of $1.00 billion, a PE ratio of 14.09 and a beta of 1.28. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 0.95. Premier Financial Corp. has a 1 year low of $18.63 and a 1 year high of $29.64. The firm has a 50 day moving average price of $28.21 and a 200 day moving average price of $26.58.

Premier Financial Dividend Announcement

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