Zacks: Analysts expect Premier Financial Corp. (NASDAQ:PFC) will post quarterly sales of $73.60 million


Stock analysts predict that Premier Financial Corp. (NASDAQ:PFC – Get a rating) will announce revenue of $73.60 million for the current fiscal quarter, according to Zacks. Three analysts have released earnings estimates for Premier Financial. The highest sales estimate is $75.00 million and the lowest is $72.90 million. Premier Financial reported sales of $82.79 million in the same quarter last year, which would indicate a negative 11.1% year-over-year growth rate. The company is expected to release its next results on Tuesday, April 19.

According to Zacks, analysts expect Premier Financial to report annual revenue of $300.97 million for the current fiscal year, with estimates ranging from $299.60 million to $302.00 million. of dollars. For the next fiscal year, analysts expect the company to report sales of $314.20 million, with estimates ranging from $309.60 million to $319.00 million. Zacks Investment Research’s sell averages are an average based on a survey of sell-side research analysts who cover Premier Financial.

Premier Financial (NASDAQ:PFC – Get a rating) last released its quarterly earnings data on Monday, January 24. The company reported earnings per share of $0.69 for the quarter, missing the consensus estimate of $0.77 per ($0.08). The company posted revenue of $75.03 million in the quarter, versus analyst estimates of $74.53 million. Premier Financial had a return on equity of 12.35% and a net margin of 38.96%. During the same period of the previous year, the company achieved EPS of $0.87.

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Several research companies have recently weighed in on PFC. Janney Montgomery Scott upgraded Premier Financial shares from a “neutral” rating to a “buy” rating in a Wednesday, February 23 report. Zacks Investment Research downgraded shares of Premier Financial from a “buy” rating to a “hold” rating in a Saturday, February 26 report. Finally, Piper Sandler downgraded Premier Financial shares from an “overweight” rating to a “neutral” rating and lowered her price target for the company from $35.00 to $34.00 in a Wednesday 12 report. January. They noted that the move was a review call.

PFC stock opened at $30.55 on Thursday. The company has a market capitalization of $1.11 billion, a P/E ratio of 9.06 and a beta of 1.32. The company has a 50-day simple moving average of $30.61 and a 200-day simple moving average of $30.90. Premier Financial has a fifty-two week minimum of $25.80 and a fifty-two week maximum of $35.90. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt ratio of 0.08.

The company also recently announced a quarterly dividend, which was paid on Friday, February 18. Shareholders of record on Friday, February 11 received a dividend of $0.30. This is an increase from Premier Financial’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, February 10. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 3.93%. Premier Financial’s dividend payout ratio is currently 35.40%.

In other Premier Financial news, Director Donald P. Hileman sold 1,000 shares of the company in a trade that took place on Monday, February 14. The stock was sold at an average price of $30.56, for a total transaction of $30,560.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Also, director Richard J. Schiraldi sold 26,700 shares of the company in a transaction that took place on Friday, February 11. The stock was sold at an average price of $30.80, for a total value of $822,360.00. Disclosure of this sale can be found here. 1.72% of the shares are held by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Premier Financial shares by 13.3% in the fourth quarter. BlackRock Inc. now owns 3,903,517 shares of the company valued at $120,658,000 after purchasing an additional 459,554 shares last quarter. The Manufacturers Life Insurance Company increased its stake in Premier Financial shares by 1.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,376,445 shares of the company valued at $42,546,000 after purchasing an additional 16,791 shares last quarter. Brown Advisory Inc. increased its stake in Premier Financial shares by 39.8% in the fourth quarter. Brown Advisory Inc. now owns 1,199,554 shares of the company valued at $37,078,000 after purchasing an additional 341,290 shares in the last quarter. American Century Companies Inc. increased its stake in Premier Financial shares by 9.1% in the fourth quarter. American Century Companies Inc. now owns 941,973 shares of the company valued at $29,116,000 after purchasing an additional 78,188 shares in the last quarter. Finally, State Street Corp increased its stake in Premier Financial shares by 3.3% in the second quarter. State Street Corp now owns 776,800 shares of the company valued at $22,069,000 after purchasing an additional 24,753 shares last quarter. 68.54% of the shares are held by institutional investors.

About Premier Financial (Get a rating)

Premier Financial Corp. is a holding company engaged in banking activities. It focuses on traditional banking products and property and casualty, life and group health insurance products. It offers family, multi-family residential and non-residential, consumer, commercial, construction, home equity and property improvement real estate loans.

Further reading

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Earnings history and estimates for Premier Financial (NASDAQ:PFC)

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