Stifel bumps Nvidia stock target, sees attractive valuation
Donald P. Hileman, a director at Premier Financial Corp (NASDAQ:PFC), recently executed a stock sale, according to a Form 4 filing with the Securities and Exchange Commission. The transaction comes as PFC trades near its 52-week high of $29.64, having delivered an impressive 49.9% return over the past year. According to InvestingPro analysis, the stock appears slightly undervalued based on its Fair Value metrics. On February 14, Hileman sold 1,500 common shares at a price of $29.31 each, totaling $43,965. This transaction was carried out under a Rule 10b5-1 trading plan that Hileman had adopted on February 15, 2023.
Following the sale, Hileman holds 25,311 shares indirectly through the Hileman Family Trust Investment Agency. Additionally, he directly owns 62,391.6188 shares of Premier Financial Corp.
In other recent news, WesBanco (NASDAQ:WSBC), Inc. and Premier Financial Corp. have received all necessary regulatory approvals for their planned merger. The merger, expected to be finalized by February 28, 2025, follows a positive shareholder vote from both companies in December 2024. This strategic consolidation is projected to create a financial institution with approximately $27 billion in assets. The combined entity will become Ohio’s 8th largest bank by deposit market share and will extend its reach across nine states, including Indiana. WesBanco reported total assets of $18.7 billion as of December 31, 2024, with its Trust and Investment Services managing $6.0 billion in assets under management. Premier Financial Corp. operates Premier Bank, with branches and loan offices in Ohio, Michigan, Indiana, and Pennsylvania. The merger aims to leverage economies of scale and improve profitability metrics for the newly formed regional financial institution. Completion of the merger is still subject to customary closing conditions.
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