Premier Financial Bancorp (PFBI) Downgraded by ValuEngine to “Sell”

ValuEngine downgraded shares of Premier Financial Bancorp (NASDAQ:PFBI) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

Separately, BidaskClub lowered Premier Financial Bancorp from a hold rating to a sell rating in a research report on Saturday, September 15th.

Shares of Premier Financial Bancorp stock opened at $17.21 on Wednesday. Premier Financial Bancorp has a one year low of $13.42 and a one year high of $21.40. The stock has a market capitalization of $251.29 million, a P/E ratio of 12.62 and a beta of 0.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.85 and a quick ratio of 0.85.

Premier Financial Bancorp (NASDAQ:PFBI) last issued its earnings results on Tuesday, October 30th. The bank reported $0.37 EPS for the quarter. Premier Financial Bancorp had a return on equity of 9.96% and a net margin of 25.42%. The business had revenue of $16.95 million during the quarter.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Thursday, December 13th.

In other news, Director Philip E. Cline bought 69,386 shares of the firm’s stock in a transaction that occurred on Thursday, November 8th. The stock was acquired at an average cost of $18.25 per share, with a total value of $1,266,294.50. Following the transaction, the director now directly owns 164,694 shares of the company’s stock, valued at approximately $3,005,665.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 12.90% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC bought a new stake in Premier Financial Bancorp during the 2nd quarter worth approximately $100,000. Rhumbline Advisers bought a new stake in Premier Financial Bancorp during the 2nd quarter worth approximately $215,000. Wells Fargo & Company MN increased its holdings in Premier Financial Bancorp by 58.8% during the 3rd quarter. Wells Fargo & Company MN now owns 28,421 shares of the bank’s stock worth $526,000 after purchasing an additional 10,519 shares in the last quarter. Strs Ohio increased its holdings in Premier Financial Bancorp by 38.4% during the 2nd quarter. Strs Ohio now owns 31,000 shares of the bank’s stock worth $578,000 after purchasing an additional 8,600 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in Premier Financial Bancorp by 25.0% during the 2nd quarter. California Public Employees Retirement System now owns 42,230 shares of the bank’s stock worth $788,000 after purchasing an additional 8,446 shares in the last quarter. 30.45% of the stock is owned by institutional investors and hedge funds.

Premier Financial Bancorp Company Profile

Premier Financial Bancorp, Inc, a multi-bank holding company, provides community banking services to individuals and small-to-medium sized businesses. The company accepts various deposit products, including checking, NOW, savings, money market, club, individual retirement, and overdraft protection accounts, as well as certificates of deposit.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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