Pacific Ridge Capital Partners LLC increased its holdings in shares of Premier Financial Bancorp, Inc. (NASDAQ:PFBI) by 19.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 300,272 shares of the bank’s stock after acquiring an additional 48,744 shares during the period. Premier Financial Bancorp comprises about 1.3% of Pacific Ridge Capital Partners LLC’s investment portfolio, making the stock its 28th biggest position. Pacific Ridge Capital Partners LLC owned 2.05% of Premier Financial Bancorp worth $4,717,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of PFBI. BNP Paribas Arbitrage SA raised its position in shares of Premier Financial Bancorp by 523.7% in the first quarter. BNP Paribas Arbitrage SA now owns 2,476 shares of the bank’s stock valued at $39,000 after purchasing an additional 2,079 shares during the period. EJF Capital LLC bought a new position in Premier Financial Bancorp in the fourth quarter worth $161,000. Bank of America Corp DE raised its holdings in Premier Financial Bancorp by 39.4% in the fourth quarter. Bank of America Corp DE now owns 10,949 shares of the bank’s stock worth $163,000 after purchasing an additional 3,094 shares in the last quarter. Rhumbline Advisers raised its holdings in Premier Financial Bancorp by 12.9% in the fourth quarter. Rhumbline Advisers now owns 17,599 shares of the bank’s stock worth $262,000 after purchasing an additional 2,013 shares in the last quarter. Finally, Wesbanco Bank Inc. bought a new position in Premier Financial Bancorp in the fourth quarter worth $561,000. Institutional investors and hedge funds own 31.21% of the company’s stock.
PFBI traded up $0.27 during trading on Wednesday, reaching $14.67. The stock had a trading volume of 23,900 shares, compared to its average volume of 16,456. Premier Financial Bancorp, Inc. has a one year low of $14.07 and a one year high of $20.91. The company has a market capitalization of $216.33 million, a P/E ratio of 9.85 and a beta of 0.69. The firm’s 50 day simple moving average is $15.88. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.06.
Premier Financial Bancorp (NASDAQ:PFBI) last announced its earnings results on Thursday, May 2nd. The bank reported $0.42 earnings per share (EPS) for the quarter. The company had revenue of $19.01 million for the quarter. Premier Financial Bancorp had a return on equity of 10.41% and a net margin of 27.09%.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.60 dividend on an annualized basis and a yield of 4.09%.
Premier Financial Bancorp 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.
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