BidaskClub upgraded shares of Premier Financial Bancorp (NASDAQ:PFBI) from a sell rating to a hold rating in a research note published on Tuesday, BidAskClub reports.

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

Premier Financial Bancorp stock opened at $17.77 on Tuesday. The firm has a market capitalization of $263.14 million, a PE ratio of 11.37 and a beta of 0.62. The company’s 50-day moving average is $15.67 and its 200-day moving average is $15.86. Premier Financial Bancorp has a fifty-two week low of $14.07 and a fifty-two week high of $19.10. 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 released its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.40 earnings per share for the quarter. The company had revenue of $19.00 million for the quarter. Premier Financial Bancorp had a net margin of 27.76% and a return on equity of 10.53%.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.60 dividend on an annualized basis and a yield of 3.38%.

In related news, Director Neal Scaggs purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average price of $15.25 per share, for a total transaction of $152,500.00. Following the purchase, the director now owns 166,969 shares in the company, valued at $2,546,277.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harry Maxwell Hatfield purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average price of $15.56 per share, for a total transaction of $38,900.00. Following the purchase, the director now owns 30,000 shares in the company, valued at approximately $466,800. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 19,128 shares of company stock worth $291,727. 12.60% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA grew its stake in Premier Financial Bancorp by 523.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,476 shares of the bank’s stock valued at $39,000 after buying an additional 2,079 shares during the last quarter. Bank of America Corp DE grew its stake in Premier Financial Bancorp by 39.4% in the 4th quarter. Bank of America Corp DE now owns 10,949 shares of the bank’s stock valued at $163,000 after buying an additional 3,094 shares during the last quarter. Bailard Inc. acquired a new position in Premier Financial Bancorp in the 2nd quarter valued at about $173,000. EJF Capital LLC grew its stake in Premier Financial Bancorp by 4.7% in the 2nd quarter. EJF Capital LLC now owns 19,367 shares of the bank’s stock valued at $291,000 after buying an additional 874 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Premier Financial Bancorp by 14.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 29,906 shares of the bank’s stock valued at $449,000 after purchasing an additional 3,825 shares during the period. Institutional investors and hedge funds own 31.89% of the company’s stock.

About Premier Financial Bancorp

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.

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