Deutsche Bank AG cut its stake in Premier Financial Bancorp, Inc. (NASDAQ:PFBI) by 47.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,452 shares of the bank’s stock after selling 27,617 shares during the quarter. Deutsche Bank AG’s holdings in Premier Financial Bancorp were worth $453,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc lifted its stake in Premier Financial Bancorp by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 388,772 shares of the bank’s stock valued at $7,189,000 after buying an additional 1,139 shares in the last quarter. Rhumbline Advisers lifted its stake in Premier Financial Bancorp by 12.9% in the 4th quarter. Rhumbline Advisers now owns 17,599 shares of the bank’s stock valued at $262,000 after buying an additional 2,013 shares in the last quarter. Bank of America Corp DE lifted its stake in Premier Financial Bancorp by 39.4% in the 4th quarter. Bank of America Corp DE now owns 10,949 shares of the bank’s stock valued at $163,000 after buying an additional 3,094 shares in the last quarter. BlackRock Inc. lifted its stake in Premier Financial Bancorp by 1.4% in the 3rd quarter. BlackRock Inc. now owns 614,630 shares of the bank’s stock valued at $11,365,000 after buying an additional 8,490 shares in the last quarter. Finally, EJF Capital LLC purchased a new position in Premier Financial Bancorp in the 4th quarter valued at about $161,000. 30.70% of the stock is currently owned by hedge funds and other institutional investors.

PFBI opened at $16.25 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.84 and a current ratio of 0.85. Premier Financial Bancorp, Inc. has a 1-year low of $14.07 and a 1-year high of $21.40. The company has a market capitalization of $240.26 million, a price-to-earnings ratio of 10.82 and a beta of 0.67.

Premier Financial Bancorp (NASDAQ:PFBI) last released its earnings results on Thursday, May 2nd. The bank reported $0.42 earnings per share for the quarter. Premier Financial Bancorp had a net margin of 27.09% and a return on equity of 10.41%. The business had revenue of $19.01 million for the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Thursday, June 13th.

In other news, Director Philip E. Cline purchased 2,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was acquired at an average price of $15.48 per share, for a total transaction of $30,960.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lloyd George Jackson II purchased 3,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were purchased at an average price of $16.00 per share, with a total value of $48,000.00. The disclosure for this purchase can be found here. Insiders acquired a total of 5,102 shares of company stock worth $80,904 over the last three months. Corporate insiders own 12.90% of the company’s stock.

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Premier Financial Bancorp Company 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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Institutional Ownership by Quarter for Premier Financial Bancorp (NASDAQ:PFBI)

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