Premier Financial Bancorp (PFBI) Upgraded to “Hold” at BidaskClub

Premier Financial Bancorp (NASDAQ:PFBI) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday.

Shares of PFBI stock opened at $17.90 on Thursday. Premier Financial Bancorp has a fifty-two week low of $13.42 and a fifty-two week high of $21.40. The firm has a market capitalization of $2.10 billion, a PE ratio of 14.82 and a beta of 0.45. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.86 and a quick ratio of 0.86.

Premier Financial Bancorp (NASDAQ:PFBI) last announced its quarterly earnings results on Tuesday, August 7th. The bank reported $0.32 earnings per share for the quarter. Premier Financial Bancorp had a return on equity of 9.18% and a net margin of 23.63%. The business had revenue of $16.65 million during the quarter.

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Premier Financial Bancorp by 28.6% in the second quarter. Dimensional Fund Advisors LP now owns 730,364 shares of the bank’s stock valued at $13,636,000 after buying an additional 162,542 shares in the last quarter. BlackRock Inc. increased its position in shares of Premier Financial Bancorp by 35.5% in the second quarter. BlackRock Inc. now owns 606,140 shares of the bank’s stock valued at $11,316,000 after buying an additional 158,903 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Premier Financial Bancorp by 49.1% in the second quarter. Renaissance Technologies LLC now owns 212,188 shares of the bank’s stock valued at $3,962,000 after buying an additional 69,856 shares in the last quarter. Northern Trust Corp increased its position in shares of Premier Financial Bancorp by 27.8% in the second quarter. Northern Trust Corp now owns 130,872 shares of the bank’s stock valued at $2,444,000 after buying an additional 28,478 shares in the last quarter. Finally, LSV Asset Management increased its position in shares of Premier Financial Bancorp by 25.0% in the second quarter. LSV Asset Management now owns 122,664 shares of the bank’s stock valued at $2,290,000 after buying an additional 24,532 shares in the last quarter. Institutional investors and hedge funds own 3.93% of the company’s stock.

About Premier Financial Bancorp

Premier Financial Bancorp, Inc, a multi-bank holding company, provides community banking services to individuals and small-to-medium sized businesses. The company accepts various deposit products, including checking, NOW, savings, money market, club, individual retirement, and overdraft protection accounts, as well as certificates of deposit.

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