Premier Financial Bancorp (NASDAQ:PFBI) Stock Passes Above 50 Day Moving Average of $17.58

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Premier Financial Bancorp, Inc. (NASDAQ:PFBI) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $17.58 and traded as high as $18.25. Premier Financial Bancorp shares last traded at $17.92, with a volume of 15,200 shares.

PFBI has been the topic of several recent analyst reports. BidaskClub upgraded Premier Financial Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, October 19th. ValuEngine upgraded Premier Financial Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, September 11th.

The company has a market cap of $262.41 million, a price-to-earnings ratio of 10.93 and a beta of 0.64. 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 business has a fifty day moving average price of $17.59 and a two-hundred day moving average price of $16.25.

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

In related news, Director Neal Scaggs bought 10,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average price of $15.25 per share, with a total value of $152,500.00. Following the completion of the transaction, the director now directly owns 166,969 shares of the company’s stock, valued at $2,546,277.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Thomas W. Wright sold 7,640 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $15.22, for a total value of $116,280.80. Following the sale, the director now directly owns 10,778 shares of the company’s stock, valued at approximately $164,041.16. The disclosure for this sale can be found here. Corporate insiders own 12.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Premier Financial Bancorp by 9.4% in the second quarter. BlackRock Inc. now owns 662,301 shares of the bank’s stock valued at $9,935,000 after acquiring an additional 57,139 shares during the period. Vanguard Group Inc. lifted its position in Premier Financial Bancorp by 6.4% in the second quarter. Vanguard Group Inc. now owns 480,830 shares of the bank’s stock worth $7,213,000 after purchasing an additional 29,133 shares during the period. Pacific Ridge Capital Partners LLC lifted its position in Premier Financial Bancorp by 2.1% in the second quarter. Pacific Ridge Capital Partners LLC now owns 306,526 shares of the bank’s stock worth $4,598,000 after purchasing an additional 6,254 shares during the period. Renaissance Technologies LLC lifted its position in Premier Financial Bancorp by 2.8% in the second quarter. Renaissance Technologies LLC now owns 221,688 shares of the bank’s stock worth $3,325,000 after purchasing an additional 6,100 shares during the period. Finally, Northern Trust Corp lifted its position in Premier Financial Bancorp by 4.2% in the second quarter. Northern Trust Corp now owns 137,928 shares of the bank’s stock worth $2,069,000 after purchasing an additional 5,586 shares during the period. 31.82% of the stock is owned by hedge funds and other institutional investors.

About Premier Financial Bancorp (NASDAQ:PFBI)

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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