Donald P. Hileman, a director at Premier Financial Corp (NASDAQ:PFC), has sold 1,500 common shares of the company. The shares were sold on November 15 at a price of $28.31 each, amounting to a total transaction value of $42,465. This sale was executed under a Rule 10b5-1 trading plan, which Hileman adopted earlier this year on February 15. Following this transaction, Hileman holds 26,811 shares indirectly through the Hileman Family Trust Investment Agency and directly owns 65,753.6188 shares.
InvestingPro Insights
As Donald P. Hileman reduces his stake in Premier Financial Corp (NASDAQ:PFC), investors might be interested in the company's current financial standing and market performance. According to InvestingPro data, Premier Financial has a market capitalization of $988.86 million and trades at a price-to-earnings ratio of 14.04, suggesting a relatively modest valuation compared to some peers in the financial sector.
The company's dividend yield stands at an attractive 4.46%, which aligns with one of the InvestingPro Tips highlighting that Premier Financial has raised its dividend for 13 consecutive years. This consistent dividend growth could be appealing to income-focused investors, especially in the current economic climate.
Despite Hileman's recent sale, Premier Financial has shown strong market performance. InvestingPro data reveals impressive price total returns of 15.42% over the past three months and a substantial 33.86% over the last six months. These figures correspond with another InvestingPro Tip indicating a strong return over recent periods.
It's worth noting that while the company has demonstrated positive momentum, analysts anticipate a sales decline in the current year, according to InvestingPro Tips. This forecast, along with the expectation of a drop in net income, may provide context for Hileman's decision to sell shares.
For investors 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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