Wesbanco Bank Inc. bought a new position in Premier Financial Bancorp, Inc. (NASDAQ:PFBI) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 37,680 shares of the bank’s stock, valued at approximately $561,000. Wesbanco Bank Inc. owned 0.26% of Premier Financial Bancorp at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of Premier Financial Bancorp by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 755,409 shares of the bank’s stock worth $13,967,000 after purchasing an additional 25,045 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Premier Financial Bancorp by 1.4% during the 3rd quarter. BlackRock Inc. now owns 614,630 shares of the bank’s stock worth $11,365,000 after purchasing an additional 8,490 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of Premier Financial Bancorp by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 388,772 shares of the bank’s stock worth $7,189,000 after purchasing an additional 1,139 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Premier Financial Bancorp by 49.1% during the 2nd quarter. Renaissance Technologies LLC now owns 212,188 shares of the bank’s stock worth $3,962,000 after purchasing an additional 69,856 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Premier Financial Bancorp by 27.8% during the 2nd quarter. Northern Trust Corp now owns 130,872 shares of the bank’s stock worth $2,444,000 after purchasing an additional 28,478 shares during the last quarter. Institutional investors and hedge funds own 30.79% of the company’s stock.
Premier Financial Bancorp stock traded up $0.30 during midday trading on Tuesday, reaching $15.49. The company’s stock had a trading volume of 591 shares, compared to its average volume of 18,996. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.85 and a current ratio of 0.85. Premier Financial Bancorp, Inc. has a 52-week low of $13.42 and a 52-week high of $21.40. The stock has a market cap of $224.13 million, a PE ratio of 11.26 and a beta of 0.61.
Separately, ValuEngine cut Premier Financial Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, December 5th.
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Premier Financial Bancorp Company Profile
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.
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