Premier Financial Bancorp, Inc. (PFBI) Chairman Marshall T. Reynolds Sells 24,097 Shares of Stock

Premier Financial Bancorp, Inc. (NASDAQ:PFBI) Chairman Marshall T. Reynolds sold 24,097 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $18.93, for a total transaction of $456,156.21. Following the transaction, the chairman now directly owns 785,804 shares of the company’s stock, valued at approximately $14,875,269.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Premier Financial Bancorp, Inc. (NASDAQ PFBI) opened at $18.86 on Tuesday. The company has a market cap of $199.93, a P/E ratio of 13.98 and a beta of 0.52. Premier Financial Bancorp, Inc. has a 12 month low of $17.25 and a 12 month high of $22.92. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87.

Premier Financial Bancorp (NASDAQ:PFBI) last issued its quarterly earnings data on Thursday, November 2nd. The bank reported $0.32 EPS for the quarter. The company had revenue of $16.21 million during the quarter. Premier Financial Bancorp had a net margin of 20.75% and a return on equity of 8.07%.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.60 annualized dividend and a yield of 3.18%. Premier Financial Bancorp’s dividend payout ratio is currently 44.78%.

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A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake in Premier Financial Bancorp by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 528,159 shares of the bank’s stock valued at $11,509,000 after acquiring an additional 8,320 shares in the last quarter. Wells Fargo & Company MN grew its stake in Premier Financial Bancorp by 18.8% during the third quarter. Wells Fargo & Company MN now owns 26,586 shares of the bank’s stock valued at $580,000 after acquiring an additional 4,199 shares in the last quarter. Strs Ohio grew its stake in Premier Financial Bancorp by 214.7% during the third quarter. Strs Ohio now owns 13,500 shares of the bank’s stock valued at $294,000 after acquiring an additional 9,210 shares in the last quarter. State Street Corp grew its stake in Premier Financial Bancorp by 12.5% during the second quarter. State Street Corp now owns 142,809 shares of the bank’s stock valued at $2,942,000 after acquiring an additional 15,897 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Premier Financial Bancorp by 4.6% during the second quarter. Vanguard Group Inc. now owns 221,118 shares of the bank’s stock valued at $4,557,000 after acquiring an additional 9,778 shares in the last quarter. 29.85% of the stock is owned by institutional investors.

About Premier Financial Bancorp

Premier Financial Bancorp, Inc (Premier) is a multi-bank holding company. The Company’s banking subsidiaries (the Banks or Affiliate Banks) consist of Citizens Deposit Bank and Trust, Inc, Vanceburg, Kentucky and Premier Bank, Inc, Huntington, West Virginia. Through the Banks, the Company focuses on providing community banking services to individuals and small-to-medium sized businesses.

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