Primis Financial Corp. (NASDAQ:FRST) Shares Bought by Fourthstone LLC

Fourthstone LLC increased its stake in shares of Primis Financial Corp. (NASDAQ:FRST - Free Report) by 263.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 898,014 shares of the company's stock after purchasing an additional 650,820 shares during the period. Primis Financial makes up approximately 2.0% of Fourthstone LLC's investment portfolio, making the stock its 12th largest position. Fourthstone LLC owned 3.63% of Primis Financial worth $10,471,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its position in shares of Primis Financial by 25.7% during the fourth quarter. Wells Fargo & Company MN now owns 12,639 shares of the company's stock worth $147,000 after buying an additional 2,585 shares during the period. Barclays PLC boosted its holdings in Primis Financial by 243.8% during the 3rd quarter. Barclays PLC now owns 27,441 shares of the company's stock valued at $334,000 after acquiring an additional 19,460 shares during the period. Charles Schwab Investment Management Inc. grew its position in Primis Financial by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 59,324 shares of the company's stock valued at $723,000 after acquiring an additional 2,708 shares in the last quarter. Rhumbline Advisers grew its position in Primis Financial by 94.3% in the 4th quarter. Rhumbline Advisers now owns 70,869 shares of the company's stock valued at $826,000 after acquiring an additional 34,394 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Primis Financial by 120.0% during the third quarter. JPMorgan Chase & Co. now owns 71,112 shares of the company's stock worth $866,000 after purchasing an additional 38,792 shares during the period. Institutional investors and hedge funds own 74.96% of the company's stock.

Primis Financial Stock Down 0.5 %

Shares of NASDAQ FRST traded down $0.04 during midday trading on Friday, hitting $8.17. The company's stock had a trading volume of 51,532 shares, compared to its average volume of 71,093. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.99 and a quick ratio of 0.86. The firm has a market capitalization of $201.99 million, a price-to-earnings ratio of -27.23 and a beta of 0.59. The business's fifty day simple moving average is $9.71 and its two-hundred day simple moving average is $11.04. Primis Financial Corp. has a 1 year low of $7.75 and a 1 year high of $13.52.

Primis Financial (NASDAQ:FRST - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.76). Primis Financial had a negative return on equity of 2.05% and a negative net margin of 2.97%. On average, equities analysts predict that Primis Financial Corp. will post 1.4 EPS for the current year.

Primis Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.40 annualized dividend and a yield of 4.90%. Primis Financial's dividend payout ratio (DPR) is -133.33%.

Insider Buying and Selling at Primis Financial

In other news, Director John Fitzgerald Biagas acquired 10,000 shares of Primis Financial stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $9.97 per share, for a total transaction of $99,700.00. Following the acquisition, the director now owns 88,469 shares of the company's stock, valued at $882,035.93. This trade represents a 12.74 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have purchased 12,025 shares of company stock valued at $122,058 in the last quarter. Corporate insiders own 10.89% of the company's stock.

Primis Financial Company Profile

Primis Financial Corp. operates as the bank holding company for Primis Bank that provides a range of financial services to individuals and small and medium sized businesses in the United States. Its deposit products include checking, NOW, savings, and money market accounts, as well as certificates of deposits.