Premier Financial Bancorp
Market Cap
US$194.4m
Last Updated
2020/06/01 10:06 UTC
Data Sources
Company Financials
Executive Summary
Premier Financial Bancorp, Inc., a multi-bank holding company, provides community banking services to individuals and small-to-medium sized businesses.
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with excellent balance sheet and pays a dividend.
Similar Companies
Share Price & News
How has Premier Financial Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PFBI's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
6.8%
PFBI
8.2%
US Banks
3.0%
US Market
1 Year Return
-16.3%
PFBI
-20.1%
US Banks
9.9%
US Market
Return vs Industry: PFBI exceeded the US Banks industry which returned -18.2% over the past year.
Return vs Market: PFBI underperformed the US Market which returned 8.4% over the past year.
Shareholder returns
| PFBI | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.8% | 8.2% | 3.0% |
| 30 Day | 7.5% | 3.2% | 8.2% |
| 90 Day | -20.0% | -20.6% | 0.4% |
| 1 Year | -12.8%-16.3% | -17.4%-20.1% | 12.4%9.9% |
| 3 Year | -7.0%-16.3% | -8.5%-15.6% | 31.0%22.3% |
| 5 Year | 41.0%18.1% | 12.0%-1.4% | 58.1%40.3% |
Price Volatility Vs. Market
How volatile is Premier Financial Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Should You Worry About Premier Financial Bancorp, Inc.'s (NASDAQ:PFBI) CEO Pay Cheque?1 month ago | Simply Wall St
Read This Before Buying Premier Financial Bancorp, Inc. (NASDAQ:PFBI) For Its Dividend1 month ago | Simply Wall St
Did Premier Financial Bancorp, Inc. (NASDAQ:PFBI) Insiders Buy Up More Shares?Valuation
Is Premier Financial Bancorp undervalued compared to its fair value and its price relative to the market?
39.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PFBI ($13.26) is trading below our estimate of fair value ($21.98)
Significantly Below Fair Value: PFBI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PFBI is good value based on its PE Ratio (8.3x) compared to the Banks industry average (9.8x).
PE vs Market: PFBI is good value based on its PE Ratio (8.3x) compared to the US market (16x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PFBI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PFBI is good value based on its PB Ratio (0.8x) compared to the US Banks industry average (0.8x).
Next Steps
Future Growth
How is Premier Financial Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
20.2%
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Premier Financial Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether Premier Financial Bancorp is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Banks industry.
Past Performance
How has Premier Financial Bancorp performed over the past 5 years?
16.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PFBI has high quality earnings.
Growing Profit Margin: PFBI's current net profit margins (31.6%) are higher than last year (30.6%).
Past Earnings Growth Analysis
Earnings Trend: PFBI's earnings have grown by 16.7% per year over the past 5 years.
Accelerating Growth: PFBI's earnings growth over the past year (10.2%) is below its 5-year average (16.7% per year).
Earnings vs Industry: PFBI earnings growth over the past year (10.2%) exceeded the Banks industry 2.9%.
Return on Equity
High ROE: PFBI's Return on Equity (9.4%) is considered low.
Next Steps
Financial Health
How is Premier Financial Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: PFBI's Assets to Equity ratio (7.1x) is low.
Allowance for Bad Loans: PFBI has a low allowance for bad loans (74%).
Low Risk Liabilities: 97% of PFBI's liabilities are made up of primarily low risk sources of funding.
Loan Level: PFBI has an appropriate level of Loans to Assets ratio (67%).
Low Risk Deposits: PFBI's Loans to Deposits ratio (80%) is appropriate.
Level of Bad Loans: PFBI has an appropriate level of bad loans (1.6%).
Next Steps
Dividend
What is Premier Financial Bancorp's current dividend yield, its reliability and sustainability?
4.52%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: PFBI's dividend (4.52%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: PFBI's dividend (4.52%) is in the top 25% of dividend payers in the US market (4.45%)
Stability and Growth of Payments
Stable Dividend: PFBI's dividend payments have been volatile in the past 10 years.
Growing Dividend: PFBI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.6%), PFBI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
16.9yrs
Average management tenure
CEO
Bob Walker (72yo)
18.67yrs
Tenure
US$487,110
Compensation
Mr. Robert W. Walker has been the President and Chief Executive Officer of Premier Financial Bancorp, Inc. since October 2001. Mr. Walker serves as a Director of Premier Financial Bancorp Inc. Mr. Walker s ...
CEO Compensation Analysis
Compensation vs Market: Bob's total compensation ($USD487.11K) is below average for companies of similar size in the US market ($USD1.37M).
Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 18.67yrs | US$487.11k | 0.85% $1.7m | |
| Senior VP & CFO | 18.17yrs | US$237.12k | 0.20% $384.5k | |
| Senior Vice President | 7.17yrs | US$263.01k | 0.20% $384.4k | |
| Senior Vice President | 4.75yrs | US$278.69k | 0.020% $38.3k | |
| Secretary & Independent Director | 28.92yrs | US$12.00k | 0.11% $214.9k | |
| Assistant Secretary & Director | 8yrs | US$12.00k | 0.15% $294.2k | |
| Vice President of Human Resources | 16.92yrs | no data | 0.038% $73.6k |
16.9yrs
Average Tenure
62yo
Average Age
Experienced Management: PFBI's management team is seasoned and experienced (16.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 18.67yrs | US$487.11k | 0.85% $1.7m | |
| Secretary & Independent Director | 28.92yrs | US$12.00k | 0.11% $214.9k | |
| Assistant Secretary & Director | 8yrs | US$12.00k | 0.15% $294.2k | |
| Chairman of the Board | 24.42yrs | US$12.00k | 7.48% $14.5m | |
| Independent Director | 5.75yrs | US$12.00k | 1.16% $2.3m | |
| Independent Director | 21.75yrs | US$12.00k | 1.16% $2.3m | |
| Independent Director | 20.75yrs | US$12.00k | 0.063% $122.9k | |
| Independent Director | 19.17yrs | US$12.00k | 0.056% $109.5k | |
| Independent Director | 8yrs | US$12.00k | 0.20% $397.8k |
19.2yrs
Average Tenure
72yo
Average Age
Experienced Board: PFBI's board of directors are seasoned and experienced ( 19.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Premier Financial Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Premier Financial Bancorp, Inc.
- Ticker: PFBI
- Exchange: NasdaqGM
- Founded: 1991
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$194.422m
- Shares outstanding: 14.66m
- Website: https://www.premierbankinc.com
Number of Employees
Location
- Premier Financial Bancorp, Inc.
- 2883 Fifth Avenue
- Huntington
- West Virginia
- 25702
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PFBI | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | May 1996 |
Biography
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. It also provides loans secured by 1-4 family residential real estate, multifamily residential real estate, owner occupied non-farm non-residential real estate, and non-farm non-residential real estate; commercial and industrial loans not secured by real estate; consumer loans; construction, land, and land development loans; and farmland and agricultural loans, and loans to tax-exempt entities. In addition, the company offers depository and funds transfer services; collections; safe deposit boxes; cash management services; bill payment, remote deposit, check imaging, and automated teller machine services; and internet, mobile, and telephone banking services. As of March 6, 2020, it operated thirteen banking offices in Kentucky; three banking offices in Ohio; twenty-six banking offices in West Virginia; four banking offices in Washington, DC; one banking office in Maryland; and three banking offices in Virginia. Premier Financial Bancorp, Inc. was incorporated in 1991 and is headquartered in Huntington, West Virginia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/01 10:06 |
| End of Day Share Price | 2020/05/29 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.