Martingale Asset Management L P lifted its stake in Premier Financial Bancorp, Inc. (NASDAQ:PFBI) by 27.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,571 shares of the bank’s stock after purchasing an additional 9,805 shares during the quarter. Martingale Asset Management L P owned 0.43% of Premier Financial Bancorp worth $940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of PFBI. Bessemer Group Inc. lifted its position in shares of Premier Financial Bancorp by 26.4% in the second quarter. Bessemer Group Inc. now owns 12,460 shares of the bank’s stock worth $257,000 after purchasing an additional 2,600 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Premier Financial Bancorp by 10.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 17,913 shares of the bank’s stock worth $370,000 after purchasing an additional 1,694 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Premier Financial Bancorp by 5.3% in the second quarter. JPMorgan Chase & Co. now owns 42,732 shares of the bank’s stock worth $880,000 after purchasing an additional 2,138 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Premier Financial Bancorp by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 46,988 shares of the bank’s stock worth $969,000 after purchasing an additional 342 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of Premier Financial Bancorp by 38.7% in the second quarter. LSV Asset Management now owns 78,300 shares of the bank’s stock worth $1,613,000 after purchasing an additional 21,858 shares in the last quarter. 29.28% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This article was posted by Daily Political and is the property of of Daily Political. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://www.dailypolitical.com/2017/09/25/premier-financial-bancorp-inc-pfbi-shares-bought-by-martingale-asset-management-l-p.html.

Shares of Premier Financial Bancorp, Inc. (NASDAQ:PFBI) opened at 20.97 on Monday. The stock has a market capitalization of $223.50 million, a price-to-earnings ratio of 15.78 and a beta of 0.49. Premier Financial Bancorp, Inc. has a 52-week low of $16.29 and a 52-week high of $22.20. The stock has a 50 day moving average of $19.16 and a 200-day moving average of $20.03.

Premier Financial Bancorp (NASDAQ:PFBI) last issued its quarterly earnings data on Wednesday, August 2nd. The bank reported $0.36 earnings per share (EPS) for the quarter. Premier Financial Bancorp had a return on equity of 7.97% and a net margin of 20.43%. The business had revenue of $17.40 million during the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.15 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.86%. Premier Financial Bancorp’s dividend payout ratio is presently 45.45%.

Premier Financial Bancorp 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.

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

Receive News & Ratings for Premier Financial Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premier Financial Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.