Insightful Analysis of Premier Financial (PFC)
Price Target Spike to 26.69

Overview of Price Target Revision

The luminous star of Premier Financial (NasdaqGS:PFC) shines even brighter as its average one-year price target ascends to a majestic 26.69 per share, marking a mighty surge of 5.37% from its earlier estimation back on January 16, 2024.

This revised price target, a compendium of various analysts’ predictions, encompasses a range from a modest low of 25.25 to a soaring high of 28.88 per share. Such heights represent an electrifying 35.28% boost from its latest closing price of 19.73 per share.

Premier Financial’s Dividend Announcement

Premier Financial spread financial cheer as it declared a hearty regular quarterly dividend of $0.31 per share, amounting to $1.24 annually. Shareholders basking in the sun of record as of February 9, 2024, reaped the fruits of this benevolent gesture on February 16, 2024. Previously, the company had bestowed $0.31 per share upon its faithful shareholders.

Nestled comfortably amidst the share price of $19.73, the stock’s dividend yield blooms at a lush 6.28%. Delving into the annals of the past five years, extracting a weekly sample each time, the average dividend yield reminisces at 4.35%. The spectrum spans from a mellow 2.44% to a crescendo of 8.96%. As such, the standard deviation of these yields stands at 1.46 (n=233).

The current dividend yield radiates a glow bright enough to stand out, perched at 1.33 standard deviations above the historical average. Additionally, the company showcases a dividend payout ratio of 0.40, elucidating how much of its income flows out as dividends.

Fund Sentiment – A Glimpse into the Investment Horizon

Premier Financial catches the eye of 389 funds or institutions, clamoring to stake their claim in its territory. This flock has seen an uptick of 5 owners, a growth of 1.30% in the most recent quarter. The average portfolio weight dedicated to PFC across all these funds registers at 0.08%, witnessing a hearty expansion of 20.05%.

Institutions parade with a total ownership of 28,423K shares, a bump of 0.88% in the last three months. The put/call ratio of PFC stands at 1.91, insinuating a somewhat bearish outlook.

Insights into Shareholders’ Movements

Alliancebernstein lays claim to 1,490K shares, translating to a 4.17% slice of the Premier Financial pie. Their prior filing had them in possession of 1,543K shares, marking a modest 3.53% downturn. Yet, they rekindled their affection for PFC by inflating their portfolio by 23.44% in the past quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares steadfastly clutches 1,072K shares, a 3.00% stake in the company, mirroring no change in the recent quarter.

Charles Schwab Investment Management, boasting 1,065K shares equivalent to 2.98% ownership, upped their ante with a 4.53% increase, basking in a portfolio augmentation of 19.43% in the same period.

Manufacturers Life Insurance Company, The, guards its hoard of 857K shares valiantly, representing a 2.40% ownership slice. Treading a different path, they trimmed their holding by 5.88%, but then surged by 37.05% in allocating more resources to PFC in the last quarter.

IWM – iShares Russell 2000 ETF, clasping 833K shares, embodying a 2.33% ownership, saw a downturn of 8.94% in shareholding from their prior filing. Nevertheless, they inched up by 2.27% in backing PFC within the quarter.

Insight into Premier Financial

Nestled in the heart of Defiance, Ohio, Premier Financial Corp. stands tall as the proud parent of Premier Bank and First Insurance Group. Premier Bank, hailing from Youngstown, Ohio, extends its reach across 78 branches, 12 loan offices, and 2 wealth offices sprawling across Ohio, Michigan, Indiana, Pennsylvania, and even venturing into West Virginia under the guise of ‘Home Savings Bank’. First Insurance Group, a comprehensive insurance haven, extends its warmth through ten offices in Ohio, including the esteemed James & Sons Insurance in Youngstown, Ohio.