Premier Financial Corp. (NASDAQ:PFC) Stake Boosted by Gardner Lewis Asset Management L P

Gardner Lewis Asset Management L P raised its holdings in Premier Financial Corp. (NASDAQ:PFC) by 298.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 586,567 shares of the company’s stock after acquiring an additional 439,351 shares during the period. Premier Financial makes up approximately 3.6% of Gardner Lewis Asset Management L P’s investment portfolio, making the stock its 3rd largest position. Gardner Lewis Asset Management L P’s holdings in Premier Financial were worth $14,999,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PFC. Citigroup Inc. grew its position in shares of Premier Financial by 2,017.1% in the third quarter. Citigroup Inc. now owns 751,923 shares of the company’s stock valued at $17,655,000 after purchasing an additional 716,406 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Premier Financial by 27.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 67,854 shares of the company’s stock worth $1,593,000 after buying an additional 14,441 shares during the last quarter. Verition Fund Management LLC grew its holdings in Premier Financial by 23.3% in the 3rd quarter. Verition Fund Management LLC now owns 12,687 shares of the company’s stock valued at $298,000 after buying an additional 2,395 shares in the last quarter. State Street Corp increased its stake in shares of Premier Financial by 3.5% in the 3rd quarter. State Street Corp now owns 1,055,377 shares of the company’s stock worth $24,780,000 after acquiring an additional 35,682 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Premier Financial by 17.1% during the 3rd quarter. Jane Street Group LLC now owns 51,048 shares of the company’s stock worth $1,199,000 after acquiring an additional 7,461 shares during the period. Institutional investors and hedge funds own 66.14% of the company’s stock.

Premier Financial Stock Performance

Shares of PFC opened at $28.04 on Friday. Premier Financial Corp. has a 12-month low of $18.63 and a 12-month high of $29.64. The firm has a market capitalization of $1.00 billion, a P/E ratio of 14.09 and a beta of 1.28. The firm has a 50-day moving average price of $27.94 and a 200 day moving average price of $26.39. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42.

Premier Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 31st were paid a $0.31 dividend. 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 dividend payout ratio (DPR) is 62.31%.

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.