Premier Financial Corp. (NASDAQ:PFC) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in shares of Premier Financial Corp. (NASDAQ:PFC) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 244,505 shares of the company’s stock after selling 28,461 shares during the quarter. Bank of New York Mellon Corp’s holdings in Premier Financial were worth $6,252,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp raised its stake in Premier Financial by 3.5% during the third quarter. State Street Corp now owns 1,055,377 shares of the company’s stock worth $24,780,000 after purchasing an additional 35,682 shares during the period. Geode Capital Management LLC increased its stake in Premier Financial by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 864,387 shares of the company’s stock worth $20,300,000 after buying an additional 8,542 shares during the period. Citigroup Inc. increased its stake in Premier Financial by 2,017.1% during the 3rd quarter. Citigroup Inc. now owns 751,923 shares of the company’s stock worth $17,655,000 after buying an additional 716,406 shares during the period. JPMorgan Chase & Co. increased its stake in Premier Financial by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 653,065 shares of the company’s stock worth $15,334,000 after buying an additional 49,367 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in Premier Financial by 32.5% during the 4th 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 in the last quarter. 66.14% of the stock is currently owned by institutional investors and hedge funds.

Premier Financial Stock Performance

NASDAQ PFC opened at $28.04 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.42. Premier Financial Corp. has a 52 week low of $18.63 and a 52 week high of $29.64. The stock has a market capitalization of $1.00 billion, a PE ratio of 14.09 and a beta of 1.28. The firm has a 50 day moving average of $27.34 and a two-hundred day moving average of $26.21.

Premier Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 31st were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend was Friday, January 31st. Premier Financial’s payout ratio is 62.31%.

About Premier Financial

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.