The stock of Premier Financial Bancorp, Inc. (NASDAQ:PFBI) hit a new 52-week high and has $54.13 target or 179.00% above today’s $19.40 share price. The 6 months bullish chart indicates low risk for the $192.79M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $54.13 price target is reached, the company will be worth $345.09 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 17,668 shares traded hands or 22.92% up from the average. Premier Financial Bancorp, Inc. (NASDAQ:PFBI) has risen 18.95% since April 19, 2016 and is uptrending. It has outperformed by 15.09% the S&P500.
According to Zacks Investment Research, “Premier Financial Bancorp is a multi-bank holding company. Through the banks and its data processing subsidiary, the company focuses on providing quality, community banking services to individuals and small-to medium sized businesses primarily in non-urban areas. By seeking to provide such banking services in non-urban areas, the company believes that it can minimize the competitive effect of larger financial institutions that typically are focused on large metropolitan areas.”
Insitutional Activity: The institutional sentiment decreased to 1.65 in 2016 Q2. Its down 1.55, from 3.2 in 2016Q1. The ratio dropped, as 3 funds sold all Premier Financial Bancorp, Inc. shares owned while 7 reduced positions. 16 funds bought stakes while 16 increased positions. They now own 4.39 million shares or 168.43% more from 1.63 million shares in 2016Q1.
National Bank Of America De has 0% invested in the company for 2,127 shares. Numeric Limited Liability Corporation accumulated 0% or 11,600 shares. Moreover, Clarivest Asset Mngmt Ltd has 0.01% invested in Premier Financial Bancorp, Inc. (NASDAQ:PFBI) for 27,100 shares. Tower Cap Limited Liability Co (Trc) last reported 389 shares in the company. The California-based Wells Fargo & Mn has invested 0% in Premier Financial Bancorp, Inc. (NASDAQ:PFBI). Royal Bank Of Canada, a Ontario – Canada-based fund reported 1,655 shares. Manufacturers Life Insur The has invested 0% of its portfolio in Premier Financial Bancorp, Inc. (NASDAQ:PFBI). Deutsche Financial Bank Ag accumulated 34,841 shares or 0% of the stock. Schwab Charles Investment Management last reported 0% of its portfolio in the stock. State Street last reported 0% of its portfolio in the stock. Strs Ohio reported 2,800 shares or 0% of all its holdings. Utd Bankshares Incorporated last reported 16,900 shares in the company. The New York-based Citigroup has invested 0% in Premier Financial Bancorp, Inc. (NASDAQ:PFBI). Jpmorgan Chase And last reported 0% of its portfolio in the stock. Teachers Advsr holds 13,459 shares or 0% of its portfolio.
Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 3 sales for $68,145 net activity. $24,173 worth of Premier Financial Bancorp, Inc. (NASDAQ:PFBI) was sold by Kelley Scot A.. Another trade for 194 shares valued at $3,347 was sold by CHASE BRIEN M. 600 shares were bought by CLINE PHILIP E, worth $10,108 on Tuesday, May 24.
More important recent Premier Financial Bancorp, Inc. (NASDAQ:PFBI) news were published by: Prnewswire.com which released: “Premier Financial Bancorp, Inc. Announces 10% Stock Dividend And Fourth …” on November 21, 2016, also Prnewswire.com published article titled: “Premier Financial Bancorp, Inc. Reports Third Quarter 2016 Earnings”, Prnewswire.com published: “Premier Financial Bancorp, Inc. Announces Completion Of First National …” on January 19, 2016. More interesting news about Premier Financial Bancorp, Inc. (NASDAQ:PFBI) was released by: Prnewswire.com and their article: “Premier Financial Bancorp, Inc. Announces Agreement to Purchase First National …” with publication date: July 07, 2015.
PFBI Company Profile
Premier Financial Bancorp, Inc. (Premier), incorporated on July 12, 1991, 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. The Banks provide a range of retail and commercial banking services, including commercial, real estate, agricultural and consumer lending; depository and funds transfer services; collections; safe deposit boxes; cash management services; and other services tailored for both individuals and businesses. The Firm operates over nine banking offices in Kentucky, approximately five banking offices in Ohio, over 30 banking offices in West Virginia, approximately four banking offices in Washington, DC, over one banking offices in Maryland and approximately four banking offices in Virginia.
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