Proficio Capital Partners LLC Takes $360,000 Position in Premier Financial Corp. (NASDAQ:PFC)

Proficio Capital Partners LLC purchased a new position in Premier Financial Corp. (NASDAQ:PFC) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 14,064 shares of the company’s stock, valued at approximately $360,000.

Several other large investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in Premier Financial in the 4th quarter valued at $26,000. EMC Capital Management raised its position in shares of Premier Financial by 511.7% in the fourth quarter. EMC Capital Management now owns 8,392 shares of the company’s stock valued at $215,000 after buying an additional 7,020 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Premier Financial by 13.4% in the fourth quarter. SG Americas Securities LLC now owns 9,646 shares of the company’s stock worth $247,000 after buying an additional 1,139 shares in the last quarter. Verition Fund Management LLC boosted its position in Premier Financial by 23.3% during the third quarter. Verition Fund Management LLC now owns 12,687 shares of the company’s stock worth $298,000 after acquiring an additional 2,395 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its stake in Premier Financial by 10.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 17,598 shares of the company’s stock valued at $413,000 after acquiring an additional 1,644 shares in the last quarter. 66.14% of the stock is currently owned by hedge funds and other institutional investors.

Premier Financial Price Performance

PFC stock opened at $28.04 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average of $27.82 and a two-hundred day moving average of $26.37. Premier Financial Corp. has a 12 month low of $18.63 and a 12 month high of $29.64. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 14.09 and a beta of 1.28.

Premier Financial Dividend Announcement

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