Premier Financial Bancorp, Inc. (PFBI) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in shares of Premier Financial Bancorp, Inc. (NASDAQ:PFBI) by 6.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,145 shares of the bank’s stock after selling 2,587 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.38% of Premier Financial Bancorp worth $887,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Schwab Charles Investment Management Inc. grew its stake in shares of Premier Financial Bancorp by 10.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 17,913 shares of the bank’s stock valued at $370,000 after purchasing an additional 1,694 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Premier Financial Bancorp by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 46,988 shares of the bank’s stock valued at $969,000 after purchasing an additional 342 shares during the last quarter. LSV Asset Management grew its stake in shares of Premier Financial Bancorp by 38.7% during the second quarter. LSV Asset Management now owns 78,300 shares of the bank’s stock valued at $1,613,000 after purchasing an additional 21,858 shares during the last quarter. Kennedy Capital Management Inc. grew its stake in shares of Premier Financial Bancorp by 2.4% during the second quarter. Kennedy Capital Management Inc. now owns 94,412 shares of the bank’s stock valued at $1,946,000 after purchasing an additional 2,204 shares during the last quarter. Finally, Martingale Asset Management L P grew its stake in shares of Premier Financial Bancorp by 27.4% during the second quarter. Martingale Asset Management L P now owns 45,571 shares of the bank’s stock valued at $940,000 after purchasing an additional 9,805 shares during the last quarter. 29.81% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Harry Maxwell Hatfield purchased 1,711 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were acquired at an average cost of $19.00 per share, with a total value of $32,509.00. Following the completion of the purchase, the director now directly owns 22,960 shares of the company’s stock, valued at $436,240. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Marshall T. Reynolds sold 24,097 shares of the stock in a transaction that occurred 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 sale, the chairman now directly owns 785,804 shares in the company, valued at $14,875,269.72. The disclosure for this sale can be found here. 13.30% of the stock is owned by corporate insiders.

Shares of Premier Financial Bancorp, Inc. (NASDAQ PFBI) opened at $20.97 on Friday. Premier Financial Bancorp, Inc. has a 52 week low of $17.25 and a 52 week high of $22.92. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $220.73, a P/E ratio of 15.65 and a beta of 0.51.

Premier Financial Bancorp (NASDAQ:PFBI) last released its quarterly earnings results on Thursday, November 2nd. The bank reported $0.32 EPS for the quarter. Premier Financial Bancorp had a net margin of 20.75% and a return on equity of 8.07%. The business had revenue of $16.21 million for the quarter.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.86%. Premier Financial Bancorp’s dividend payout ratio (DPR) is currently 44.78%.

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Premier Financial Bancorp Company Profile

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

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