RAVENSWOOD - An after-hours mistake in entering a stock trade caused a brief but dramatic dip in share values for a local banking company.

Traders Bank, with offices in Ravenswood, Spencer and Ripley, saw the value of its parent company Premier Financial Bancorp, Inc. (PFBI) fall from $6.17 a share to $4 a share overnight on Monday.

Tom Lookabaugh, president and chief executive officer for Traders Bank, said the drop was due to a mistake which was quickly corrected the next day.

About 8,000 shares of the company had been traded during the day by the holding company.

"There were about 100 shares traded after the market closed that were entered incorrectly," he said. "It caused the shares to drop."

Once the mistake was caught the share values were corrected, he said. As of Thursday morning shares of Premier Financial Bankcorp were just under $6.

More information on Traders Bank can be fount at www.tradersbanking.com.