PFC - Premier Financial: Dividend Yield Above 6% And A P/E Of Only 6.52x

2024-05-28 14:37:18 ET

Summary

• Premier Financial has a dividend yield of 6.14% and a low P/E ratio, indicating potential for capital gains.
• The bank has a history of increasing dividends but has shown little resilience during economic downturns.
• The bank's exposure to fixed-rate securities and unrealized losses may impact its valuation and ability to issue a growing dividend.

Premier Financial ( PFC ) is a bank with a market cap of only about $720 million, and it is headquartered in Defiance, Ohio. Despite its small size, it has a 100-year history behind it, and currently has some interesting characteristics, especially for those who invest primarily to earn dividends....

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