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Premier Financial Bancorp (PFBI) Company Profile

Updated Sep 9, 2019
Premier Financial Bancorp has the following business profile:
Company's Full Name:Premier Financial Bancorp, Inc.
Short Name:Premier Financial Bancorp
Trading Ticker Symbol:PFBI
Primary Exchange:NASDAQ
Headquarter City/Country:West Virginia, WV
Primary Industry Sector:Finance
Seconday Sub-sector:Major Banks
Main Business Areas: Finance, Major Banks, Financial Services, Regional US Banks, Bank
Dividend Payments:Dividend History

Market and Trading Information for Premier Financial Bancorp

The following details were available for trading and market data about the stock of Premier Financial Bancorp as of writing:
Current Share Price:$15.4
Previous Year's Closing Price:$14.91
Percentage Price Change (YTD):3.29%
Market Cap:$225.51 million
52-week Price Range:$14.07 - $20.02
Dividend Per Share:$0.6
EPS (TTM):1.58
Price-Earnings (Trailing):9.75
Price-Earnings (Forward):0

Company Profile and Business Description for Premier Financial Bancorp

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 Company 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.

Lending Activities

The Banks residential mortgage lending activities consist of loans for purchasing personal residences or loans for commercial or consumer purposes secured by residential mortgages. The Banks also originate residential mortgage loans that are sold in the secondary mortgage market. Consumer lending activities consist of traditional forms of financing for automobile and personal loans, including unsecured lines of credit. Commercial lending activities include loans to small to medium-sized businesses located primarily in the communities in which the Banks have branch locations and surrounding areas. Commercial loans are secured by business assets, including real estate, equipment, inventory, and accounts receivable. Some commercial loans are unsecured. Its total loans total over $849.746 million.

Investment Activities

The Company classifies its securities portfolio as either securities available for sale or securities held to maturity. The Company's available for sale securities include mortgage-backed securities, the United States sponsored agency mortgage-backed securities (MBS)-residential and the United States sponsored agency collateralized mortgage obligation (CMO)-residential. The Company has no securities classified as held to maturity. Its total investment securities total over $233.475 million.

Sources of Funds

The Banks' range of deposit services includes checking accounts, negotiable order of withdrawal (NOW) accounts, savings accounts, money market accounts, club accounts, individual retirement accounts, certificates of deposit and overdraft protection. Customers can access accounts through traditional Bank branch locations, as well as automated teller machines (ATMs) and the Internet either through personal computers or mobile computing devices, such as smart phones. The Banks also offer bill payment, remote deposits through image capture devices and telephone banking services. Other funding sources for Premier include short and long-term borrowings. Premier's short-term borrowings primarily consist of securities sold under agreements to repurchase with commercial, public entity and tax exempt organization customers. Also included in short-term borrowings are federal funds purchased from other banks and overnight borrowings from the Federal Home Loan Bank (FHLB) or the Federal Reserve Bank (FRB) discount window. Long-term borrowings consist of FHLB borrowings by Premier's Affiliate Banks and other borrowings by the parent holding company. Its total deposits total over $1060.196 million.

2883 5th Ave

Peer / Competitor Companies of Major Banks Sector

Along with Premier Financial Bancorp, Inc., the following other peer (competitor) companies also exist within the same Major Banks - Finance sector whose company profile and dividend history is as follows:

▶ 1st Source (SRCE): 1st Source Corporation operates as the holding company for 1st Source Bank that provides commercial and consumer banking services, trust and investment management services, and insurance to individual....See Detailed Company Profile  and Dividend History.

▶ ACNB (ACNB): ACNB Corporation, incorporated on November 9, 1982, is a financial holding company. The Companys banking operations are conducted through its operating subsidiary, ACNB Bank (the Bank), and offers a range ....See Detailed Company Profile  and Dividend History.

▶ Allegiance Bancshares (ABTX): Allegiance Bancshares, Inc., incorporated on April 30, 2008, is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily ....See Detailed Company Profile  and Dividend History.

▶ American National Bankshares (AMNB): American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segm....See Detailed Company Profile  and Dividend History.

▶ American River Bankshares (AMRB): American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services to small and middle-market businesses, and individuals in Calif....See Detailed Company Profile  and Dividend History.

▶ Ameris Bancorp (ABCB): Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company....See Detailed Company Profile  and Dividend History.

▶ AmeriServ Financial (ASRV): AmeriServ Financial Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking service....See Detailed Company Profile  and Dividend History.

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▶ Ames National (ATLO): Ames National Corporation, incorporated on January 15, 1975, is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks ....See Detailed Company Profile  and Dividend History.

▶ ANZ Bank ADR (ANZBY): Australia and New Zealand Banking Group Limited provides various banking and financial products and services. The company's Australia division offers retail products and services to consumers through the branch....See Detailed Company Profile  and Dividend History.

▶ Arrow Financial (AROW): Arrow Financial Corporation (Arrow), incorporated on March 21, 1983, is a bank holding company. The Companys banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and ....See Detailed Company Profile  and Dividend History.

▶ Associated Banc-Corp (ASB): Associated Banc-Corp, incorporated on October 20, 1964, is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a ....See Detailed Company Profile  and Dividend History.

▶ Atlantic Capital Bancshares (ACBI): Atlantic Capital Bancshares, Inc. operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, m....See Detailed Company Profile  and Dividend History.

▶ Auburn National Bancorporation (AUBN): Auburn National Bancorporation, Inc., incorporated on April 12, 1990, is a bank holding company. The Company operates through its subsidiary AuburnBank (the Bank), which is a commercial bank located in ....See Detailed Company Profile  and Dividend History.

▶ Banc of California (BANC): Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company's deposits cons....See Detailed Company Profile  and Dividend History.

▶ BancFirst (BANF): BancFirst Corporation, incorporated on July 12, 1984, is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. The Company ....See Detailed Company Profile  and Dividend History.

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▶ Banco Bradesco Sa (BBD): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pensi....See Detailed Company Profile  and Dividend History.

▶ Banco Bradesco Sa (BBDO): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans a....See Detailed Company Profile  and Dividend History.

▶ Bancorp of New Jersey (BKJ): Bancorp of New Jersey, Inc. operates as a bank holding company of Bank of New Jersey that provides banking services to individuals, businesses, non-profit organizations, and governmental units. The co....See Detailed Company Profile  and Dividend History.

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