BidaskClub Upgrades Premier Financial Bancorp (NASDAQ:PFBI) to “Buy”

Premier Financial Bancorp (NASDAQ:PFBI) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, October 19th, 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.

Shares of PFBI traded up $0.02 during trading hours on Friday, reaching $17.96. 12,200 shares of the stock traded hands, compared to its average volume of 20,132. The stock has a fifty day simple moving average of $17.58 and a 200 day simple moving average of $16.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.05. The company has a market cap of $262.41 million, a price-to-earnings ratio of 10.93 and a beta of 0.64. Premier Financial Bancorp has a 52 week low of $14.07 and a 52 week high of $19.00.

Premier Financial Bancorp (NASDAQ:PFBI) last announced its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.43 earnings per share (EPS) for the quarter. Premier Financial Bancorp had a net margin of 28.13% and a return on equity of 10.65%. The firm had revenue of $19.25 million for the quarter.

In other Premier Financial Bancorp news, Director Thomas W. Wright sold 7,640 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 10,778 shares in the company, valued at approximately $164,041.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Neal Scaggs bought 10,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were purchased 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 approximately $2,546,277.25. The disclosure for this purchase can be found here. 12.60% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its stake in Premier Financial Bancorp by 6,568.3% during the 3rd 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 during the period. Russell Investments Group Ltd. bought a new stake in shares of Premier Financial Bancorp during the third quarter valued at approximately $158,000. California Public Employees Retirement System raised its position in shares of Premier Financial Bancorp by 5.7% during the third quarter. California Public Employees Retirement System now owns 44,630 shares of the bank’s stock valued at $766,000 after buying an additional 2,400 shares during the last quarter. Rhumbline Advisers raised 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 valued at $344,000 after buying an additional 1,402 shares during the last quarter. Finally, EJF Capital LLC raised 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 valued at $291,000 after buying an additional 874 shares during the last quarter. Institutional investors own 31.82% of the company’s stock.

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: What is Considered a Good Return on Equity (ROE)?

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