Premier Financial Bancorp, Inc. (PFBI) Director Philip E. Cline Acquires 2,000 Shares

Premier Financial Bancorp, Inc. (NASDAQ:PFBI) Director Philip E. Cline bought 2,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were acquired at an average price of $15.48 per share, for a total transaction of $30,960.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Premier Financial Bancorp stock traded up $0.28 during mid-day trading on Friday, reaching $15.55. The stock had a trading volume of 48,482 shares, compared to its average volume of 17,719. The stock has a market cap of $225.15 million, a price-to-earnings ratio of 10.79 and a beta of 0.67. Premier Financial Bancorp, Inc. has a one year low of $14.07 and a one year high of $21.40. 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 announced its quarterly earnings results on Wednesday, March 6th. The bank reported $0.39 earnings per share (EPS) for the quarter. The company had revenue of $18.56 million for the quarter. Premier Financial Bancorp had a net margin of 26.92% and a return on equity of 10.86%.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Thursday, March 14th.

A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in Premier Financial Bancorp by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 779,501 shares of the bank’s stock worth $11,622,000 after purchasing an additional 24,092 shares in the last quarter. BlackRock Inc. raised its position in Premier Financial Bancorp by 2.6% in the 4th quarter. BlackRock Inc. now owns 630,760 shares of the bank’s stock worth $9,404,000 after buying an additional 16,130 shares during the last quarter. Vanguard Group Inc raised its position in Premier Financial Bancorp by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 388,772 shares of the bank’s stock worth $7,189,000 after buying an additional 1,139 shares during the last quarter. LSV Asset Management raised its position in Premier Financial Bancorp by 10.6% in the 4th quarter. LSV Asset Management now owns 138,807 shares of the bank’s stock worth $2,069,000 after buying an additional 13,329 shares during the last quarter. Finally, Northern Trust Corp raised its position in Premier Financial Bancorp by 27.8% in the 2nd quarter. Northern Trust Corp now owns 130,872 shares of the bank’s stock worth $2,444,000 after buying an additional 28,478 shares during the last quarter. Institutional investors own 30.73% of the company’s stock.

Separately, ValuEngine cut shares of Premier Financial Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, December 5th.

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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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