Premier Financial Bancorp, Inc. (NASDAQ:PFBI) Sees Large Increase in Short Interest

Premier Financial Bancorp, Inc. (NASDAQ:PFBI) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 107,700 shares, a growth of 13.8% from the August 30th total of 94,600 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily volume of 27,400 shares, the days-to-cover ratio is presently 3.9 days.

In other news, 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 transaction of $116,280.80. Following the completion of the sale, the director now owns 10,778 shares in the company, valued at $164,041.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harry Maxwell Hatfield purchased 2,500 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were bought at an average price of $15.56 per share, with a total value of $38,900.00. Following the purchase, the director now directly owns 30,000 shares of the company’s stock, valued at $466,800. The disclosure for this purchase can be found here. Insiders have bought 19,128 shares of company stock valued at $291,727 in the last 90 days. Company insiders own 12.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC raised 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 acquiring an additional 6,254 shares in the last quarter. Northern Trust Corp raised 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 acquiring an additional 5,586 shares in the last quarter. EJF Capital LLC raised its position in Premier Financial Bancorp by 4.7% in the second quarter. EJF Capital LLC now owns 19,367 shares of the bank’s stock worth $291,000 after acquiring an additional 874 shares in the last quarter. Context BH Capital Management LP raised its position in Premier Financial Bancorp by 5.0% in the second quarter. Context BH Capital Management LP now owns 127,984 shares of the bank’s stock worth $1,920,000 after acquiring an additional 6,130 shares in the last quarter. Finally, Bailard Inc. purchased a new position in Premier Financial Bancorp in the second quarter worth $173,000. Institutional investors and hedge funds own 31.89% of the company’s stock.

Premier Financial Bancorp stock opened at $17.50 on Wednesday. Premier Financial Bancorp has a 12 month low of $14.07 and a 12 month high of $19.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50 day simple moving average of $16.69 and a 200-day simple moving average of $16.09. The stock has a market capitalization of $254.35 million, a PE ratio of 10.99 and a beta of 0.63.

Premier Financial Bancorp (NASDAQ:PFBI) last released its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.40 EPS for the quarter. Premier Financial Bancorp had a return on equity of 10.53% and a net margin of 27.76%. The business had revenue of $19.00 million during the quarter.

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Friday, September 13th.

Several equities research analysts have recently commented on PFBI shares. ValuEngine upgraded Premier Financial Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. BidaskClub upgraded Premier Financial Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 17th.

About Premier Financial Bancorp

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.

Read More: Golden Cross

Receive News & Ratings for Premier Financial Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premier Financial Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.