Premier Financial Bancorp, Inc. (NASDAQ:PFBI) Position Lifted by BlackRock Inc.

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BlackRock Inc. raised its stake in shares of Premier Financial Bancorp, Inc. (NASDAQ:PFBI) by 9.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 662,301 shares of the bank’s stock after acquiring an additional 57,139 shares during the quarter. BlackRock Inc.’s holdings in Premier Financial Bancorp were worth $9,935,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Northern Trust Corp boosted its stake in shares of Premier Financial Bancorp by 4.2% during the 2nd quarter. Northern Trust Corp now owns 137,928 shares of the bank’s stock worth $2,069,000 after acquiring an additional 5,586 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Premier Financial Bancorp by 2.8% during the 2nd quarter. Renaissance Technologies LLC now owns 221,688 shares of the bank’s stock worth $3,325,000 after acquiring an additional 6,100 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Premier Financial Bancorp by 6.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 61,995 shares of the bank’s stock worth $930,000 after acquiring an additional 3,821 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in shares of Premier Financial Bancorp by 2.1% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 306,526 shares of the bank’s stock worth $4,598,000 after acquiring an additional 6,254 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Premier Financial Bancorp by 14.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 29,906 shares of the bank’s stock worth $449,000 after acquiring an additional 3,825 shares in the last quarter. Hedge funds and other institutional investors own 31.89% of the company’s stock.

A number of brokerages recently weighed in on PFBI. ValuEngine raised shares of Premier Financial Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. BidaskClub raised shares of Premier Financial Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday.

Shares of Premier Financial Bancorp stock opened at $17.72 on Monday. The firm has a market capitalization of $260.21 million, a PE ratio of 11.25 and a beta of 0.63. Premier Financial Bancorp, Inc. has a twelve month low of $14.07 and a twelve month high of $19.00. The firm’s 50-day moving average price is $16.83 and its 200 day moving average price is $16.12. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.05.

Premier Financial Bancorp (NASDAQ:PFBI) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.40 earnings per share for the quarter. The firm 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 was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend was Friday, September 13th.

In related news, Director Thomas W. Wright sold 7,640 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $15.22, for a total value of $116,280.80. Following the transaction, the director now directly owns 10,778 shares of the company’s stock, valued at approximately $164,041.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 cost of $15.56 per share, for a total transaction of $38,900.00. Following the completion of the purchase, the director now directly owns 30,000 shares in the company, valued at approximately $466,800. The disclosure for this purchase can be found here. Insiders purchased a total of 19,128 shares of company stock worth $291,727 over the last ninety days. 12.60% of the stock is currently owned by corporate insiders.

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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Institutional Ownership by Quarter for Premier Financial Bancorp (NASDAQ:PFBI)

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