Premier Financial Bancorp (NASDAQ:PFBI) Cut to “Hold” at BidaskClub

BidaskClub cut shares of Premier Financial Bancorp (NASDAQ:PFBI) from a buy rating to a hold rating in a research report released on Wednesday morning, BidAskClub reports.

Separately, ValuEngine upgraded shares of Premier Financial Bancorp from a sell rating to a hold rating in a report on Wednesday, September 11th.

Premier Financial Bancorp stock traded up $0.14 during trading hours on Wednesday, hitting $17.51. 11,700 shares of the stock were exchanged, compared to its average volume of 12,235. The business’s 50-day moving average is $17.57 and its two-hundred day moving average is $16.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market capitalization of $254.46 million, a P/E ratio of 10.59 and a beta of 0.64. Premier Financial Bancorp has a 12 month low of $14.07 and a 12 month high of $19.00.

Premier Financial Bancorp (NASDAQ:PFBI) last posted its earnings results on Wednesday, October 23rd. The bank reported $0.43 earnings per share for the quarter. The company had revenue of $19.25 million for the quarter. Premier Financial Bancorp had a net margin of 28.13% and a return on equity of 10.51%.

In other news, Director Thomas W. Wright sold 7,640 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $15.22, for a total transaction of $116,280.80. Following the completion of the sale, the director now owns 10,778 shares of the company’s stock, valued at $164,041.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Neal Scaggs acquired 3,628 shares of the stock in a transaction dated Monday, September 9th. The shares were bought at an average cost of $15.25 per share, with a total value of $55,327.00. Following the transaction, the director now directly owns 170,597 shares of the company’s stock, valued at $2,601,604.25. The disclosure for this purchase can be found here. Company insiders own 12.60% of the company’s stock.

Several hedge funds have recently modified their holdings of PFBI. Tower Research Capital LLC TRC increased its position in shares of Premier Financial Bancorp by 6,568.3% during the third quarter. Tower Research Capital LLC TRC now owns 2,734 shares of the bank’s stock worth $47,000 after acquiring an additional 2,693 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Premier Financial Bancorp during the third quarter worth $158,000. Bailard Inc. bought a new stake in shares of Premier Financial Bancorp during the second quarter worth $173,000. EJF Capital LLC increased its position in shares of Premier Financial Bancorp by 4.7% during the second quarter. EJF Capital LLC now owns 19,367 shares of the bank’s stock worth $291,000 after acquiring an additional 874 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Premier Financial Bancorp by 7.5% during the third quarter. Rhumbline Advisers now owns 20,051 shares of the bank’s stock worth $344,000 after acquiring an additional 1,402 shares in the last quarter. 31.92% of the stock is owned by institutional investors.

Premier Financial Bancorp Company Profile

Premier Financial Bancorp, Inc offers banking products and services. The company offers demand deposits and interest and non-interest bearing time and savings deposits. The company's deposits include jumbo deposits and retail time deposits. The bank provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.

Further Reading: Support Level

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