Primis Financial Corp. (NASDAQ:FRST) Director John Fitzgerald Biagas Acquires 1,805 Shares

Primis Financial Corp. (NASDAQ:FRST - Get Free Report) Director John Fitzgerald Biagas purchased 1,805 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were purchased at an average cost of $11.04 per share, for a total transaction of $19,927.20. Following the completion of the acquisition, the director now directly owns 76,171 shares of the company's stock, valued at $840,927.84. This represents a 2.43 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Primis Financial Price Performance

Primis Financial stock traded down $0.01 during trading on Friday, reaching $11.14. The company had a trading volume of 375,681 shares, compared to its average volume of 59,700. The firm has a market capitalization of $275.41 million, a PE ratio of 11.86 and a beta of 0.78. The firm's 50-day simple moving average is $11.57 and its 200 day simple moving average is $11.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.86 and a current ratio of 0.99. Primis Financial Corp. has a 1-year low of $9.52 and a 1-year high of $13.52.

Primis Financial (NASDAQ:FRST - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.76). Primis Financial had a negative net margin of 2.97% and a negative return on equity of 2.95%. As a group, equities research analysts anticipate that Primis Financial Corp. will post 1.4 earnings per share for the current fiscal year.

Primis Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Wednesday, February 12th.

Institutional Investors Weigh In On Primis Financial

A number of large investors have recently modified their holdings of FRST. PL Capital Advisors LLC grew its holdings in shares of Primis Financial by 1,066.0% during the 4th quarter. PL Capital Advisors LLC now owns 5,541,310 shares of the company's stock worth $64,612,000 after purchasing an additional 5,066,069 shares during the period. Dimensional Fund Advisors LP lifted its position in Primis Financial by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,104,475 shares of the company's stock valued at $11,574,000 after buying an additional 23,653 shares during the last quarter. Geode Capital Management LLC boosted its stake in Primis Financial by 2.3% during the third quarter. Geode Capital Management LLC now owns 466,212 shares of the company's stock worth $5,679,000 after buying an additional 10,656 shares during the period. State Street Corp increased its position in shares of Primis Financial by 2.6% during the third quarter. State Street Corp now owns 423,407 shares of the company's stock valued at $5,157,000 after acquiring an additional 10,923 shares during the last quarter. Finally, Foundry Partners LLC raised its stake in shares of Primis Financial by 14.5% in the 3rd quarter. Foundry Partners LLC now owns 393,575 shares of the company's stock valued at $4,794,000 after acquiring an additional 49,735 shares during the period. Hedge funds and other institutional investors own 74.96% of the company's stock.

Wall Street Analyst Weigh In

Separately, Stephens reduced their price target on Primis Financial from $16.00 to $14.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th.

About Primis Financial

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.