Premier Financial Corp's (NASDAQ:PFC) Executive Vice President and Chief Strategy Officer, Dennis E. Rose Jr., has sold 2,000 common shares of the company, according to a recent SEC filing. The transaction, which took place on August 23, 2024, was executed at an average price of $25.0067 per share, resulting in a total sale value of over $50,000.
The sale was conducted automatically under a Rule 10b5-1 trading plan, which Rose had previously adopted on May 4, 2023. This plan allows company insiders to set up a predetermined schedule for buying or selling shares at a time when they are not in possession of material, non-public information, thereby helping to avoid any accusations of insider trading.
Following the transaction, Rose continues to hold 38,114.4116 shares of Premier Financial, indicating a continued investment in the company's future. The transaction details provide a glimpse into the trading activities of Premier Financial's executives and may be of interest to current and potential investors.
Premier Financial Corp, headquartered in Defiance, Ohio, operates within the state commercial banks sector and is known for its commitment to community banking and financial services. As with any insider transaction, investors often monitor such activities for insights into executive confidence in the company's prospects and valuation.
InvestingPro Insights
Amidst the recent insider sale by Executive Vice President and Chief Strategy Officer Dennis E. Rose Jr., Premier Financial Corp (NASDAQ:PFC) continues to demonstrate a commitment to shareholder returns. An InvestingPro Tip highlights that the company has raised its dividend for 13 consecutive years, showcasing a consistent return to investors despite market fluctuations. Additionally, the company has maintained dividend payments for 14 consecutive years, which may be a sign of financial stability and a shareholder-friendly policy.
InvestingPro Data further reveals that Premier Financial Corp has a market capitalization of $895.25 million and an attractive Price/Earnings (P/E) ratio of 11.32. This valuation metric suggests that the company's shares might be reasonably priced relative to its earnings. The company's stock has also experienced a significant price uptick, with a 6-month total return of 34.74% and a year-to-date total return of 9.34%, indicating strong recent performance in the market.
For investors seeking further insights and analysis on Premier Financial Corp, there are additional InvestingPro Tips available, which provide a comprehensive look at the company's financial health and market performance. These can be found at https://www.investing.com/pro/PFC.
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