Tuesday, February 9, 2021

Chart of the Day - Premier Financial


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Barchart.com's Chart of the Day - Premier Financial
February 9, 2021: Published by Barchart.com

The Barchart Chart of the Day belongs to the regional back Premier Financial (NASDAQ:PFC).   I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. After I sorted for the most frequent number of new highs in the last month, I used the Flipchart feature to review the charts for consistent prices appreciation. Since the Trend Spotter signaled a buy on 1/28 the stock gained 23.43% .

  Premier Financial Corp. operates as the holding company for Premier Bank and First Insurance Group that provides community banking and financial services. It offers checking accounts, savings accounts, and retirement accounts; mortgages, home equity loans, and auto and vehicle loans; debit cards; trustee services; and various insurance products, such as auto/vehicle, health, homeowners, and life insurance, as well as property, liability, business vehicle, cybersecurity, risk management, and employee group plans. The company also provides commercial real estate loans, equipment loans, working capital lines of credit, agricultural loans, construction loans, SBA/USDA loans, and letters of credit; remote deposit, cash management, merchant, government banking, lockbox, ACH and check positive pay, and wire transfer services; investment products; and Internet and mobile banking services. It operates through 78 branches, 12 loan offices, and 2 wealth offices in Ohio, Michigan, Indiana, and Pennsylvania; and insurance agency with ten offices in Ohio. The company was formerly known as First Defiance Financial Corp. and changed its name to Premier Financial Corp. in June 2020. Premier Financial Corp. was incorporated in 1995 and is headquartered in Defiance, Ohio. 

PFC

 

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • 60.97+ Weighted Alpha
  • 4.80% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 23.43% in the last month
  • Relative Strength Index 74.48%
  • Technical support level at 29.48
  • Recently traded at 30.13 with a 50 day moving average of 24.54

Fundamental factors:

  • Market Cap $1.08 billion
  • P/E 10.80
  • Dividend yield 3.05%
  • Revenue expected to grow 5.10% this year and another .20% next year
  • Earnings estimated to increase 64.00% this year and continue to compound at an annual rate of 9.00% for the next 5 years
  • Wall Street analysts issued 1 strong buy, 1 buy and 1 hold recommendation on the stock
  • 623 investors monitor the stock on Seeking Alpha

The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stock are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.

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Copyright © 2018, All rights reserved. The information contained herein is derived from public sources believed to be reliable but is not guaranteed as to its accuracy or completeness. No responsibility is assumed for the use of this material and no express or implied warranties nor guarantees are made. Nothing contained herein should be construed as an offer to buy or sell, or as a solicitation to buy or sell, any securities or derivative instruments.
 

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