Premier Financial Bancorp, Inc. (PFBI) To Go Ex-Dividend on December 14th
Premier Financial Bancorp, Inc. (NASDAQ:PFBI) declared a quarterly dividend on Monday, November 20th, Wall Street Journal reports. Investors of record on Friday, December 15th will be paid a dividend of 0.15 per share by the bank on Friday, December 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Thursday, December 14th.
Shares of Premier Financial Bancorp (NASDAQ:PFBI) traded up $0.30 during trading hours on Wednesday, hitting $19.78. 25,300 shares of the company were exchanged, compared to its average volume of 17,237. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. Premier Financial Bancorp has a 12-month low of $17.25 and a 12-month high of $22.92. The company has a market capitalization of $207.82, a price-to-earnings ratio of 14.54 and a beta of 0.51.
Premier Financial Bancorp (NASDAQ:PFBI) last issued its earnings results on Thursday, November 2nd. The bank reported $0.32 earnings per share for the quarter. Premier Financial Bancorp had a net margin of 20.75% and a return on equity of 8.07%. The firm had revenue of $16.21 million during the quarter.
In related news, Chairman Marshall T. Reynolds sold 25,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $18.90, for a total transaction of $472,500.00. Following the completion of the transaction, the chairman now owns 758,219 shares in the company, valued at $14,330,339.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Marshall T. Reynolds sold 24,097 shares of the stock in a transaction 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 owns 785,804 shares of the company’s stock, valued at approximately $14,875,269.72. The disclosure for this sale can be found here. 13.30% of the stock is currently owned by corporate insiders.
A hedge fund recently raised its stake in Premier Financial Bancorp stock. State Street Corp raised its holdings in shares of Premier Financial Bancorp, Inc. (NASDAQ:PFBI) by 12.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,809 shares of the bank’s stock after purchasing an additional 15,897 shares during the quarter. State Street Corp owned 1.35% of Premier Financial Bancorp worth $2,942,000 as of its most recent filing with the Securities & Exchange Commission. 29.81% of the stock is owned by institutional investors and hedge funds.
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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