Dennis E. Rose Jr., Executive Vice President and Chief Strategy Officer at Premier Financial Corp (NASDAQ:PFC), sold 2,000 common shares of the company on November 18, 2024. The shares were sold at an average price of $27.9844, amounting to a total transaction value of $55,968. Following this sale, Rose holds 36,144.4116 shares directly. The transaction was executed automatically as part of a Rule 10b5-1 trading plan that Rose adopted on May 4, 2023.
InvestingPro Insights
As Dennis E. Rose Jr. reduces his stake in Premier Financial Corp (NASDAQ:PFC), investors may find additional context in the company's recent performance and financial metrics. According to InvestingPro data, PFC's market capitalization stands at $976.67 million, with a price-to-earnings ratio of 13.82, suggesting a relatively modest valuation compared to industry peers.
The company's dividend yield of 4.49% as of the most recent ex-dividend date on November 8, 2024, may attract income-focused investors. This aligns with an InvestingPro Tip highlighting that PFC has raised its dividend for 13 consecutive years, demonstrating a commitment to shareholder returns.
Despite the insider sale, PFC has shown strong price performance recently. InvestingPro data reveals a 17.07% price total return over the past three months and an impressive 36.25% return over six months. This positive momentum is reflected in another InvestingPro Tip, which notes the company's strong return over the last three months.
However, investors should be aware that analysts anticipate a sales decline in the current year, according to an InvestingPro Tip. This projection is supported by the reported revenue growth of -21.62% over the last twelve months as of Q3 2024.
For those seeking a more comprehensive analysis, InvestingPro offers 10 additional tips for Premier Financial Corp, providing a deeper understanding of the company's financial health and market position.
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