BidaskClub upgraded shares of Premier Financial Bancorp (NASDAQ:PFBI) from a hold rating to a buy rating in a report released on Friday morning.

PFBI opened at $19.60 on Friday. Premier Financial Bancorp has a 52 week low of $13.42 and a 52 week high of $21.40. The stock has a market cap of $252.93 million, a price-to-earnings ratio of 15.18 and a beta of 0.44. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.05.

Premier Financial Bancorp (NASDAQ:PFBI) last released its quarterly earnings data on Tuesday, August 7th. The bank reported $0.32 EPS for the quarter. Premier Financial Bancorp had a net margin of 23.63% and a return on equity of 9.20%. The business had revenue of $16.65 million during the quarter.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in shares of Premier Financial Bancorp during the 2nd quarter valued at about $100,000. Rhumbline Advisers purchased a new stake in shares of Premier Financial Bancorp during the 2nd quarter valued at about $215,000. Blue Chip Wealth Management Inc. purchased a new stake in shares of Premier Financial Bancorp during the 1st quarter valued at about $266,000. Bessemer Group Inc. raised its position in shares of Premier Financial Bancorp by 25.0% during the 2nd quarter. Bessemer Group Inc. now owns 15,450 shares of the bank’s stock valued at $288,000 after buying an additional 3,090 shares in the last quarter. Finally, Global Trust Asset Management LLC raised its position in shares of Premier Financial Bancorp by 25.0% during the 2nd quarter. Global Trust Asset Management LLC now owns 16,087 shares of the bank’s stock valued at $300,000 after buying an additional 3,217 shares in the last quarter. Hedge funds and other institutional investors own 25.71% 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.

Further Reading: Market Capitalization – What it Means for Investors

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