Primis Financial Corp. (NASDAQ:FRST) Director Purchases $99,700.00 in Stock

Primis Financial Corp. (NASDAQ:FRST - Get Free Report) Director John Fitzgerald Biagas bought 10,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of $9.97 per share, with a total value of $99,700.00. Following the completion of the acquisition, the director now directly owns 88,469 shares in the company, valued at $882,035.93. This trade represents a 12.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

John Fitzgerald Biagas also recently made the following trade(s):

• On Monday, February 3rd, John Fitzgerald Biagas bought 1,805 shares of Primis Financial stock. The shares were purchased at an average price of $11.04 per share, with a total value of $19,927.20.

Primis Financial Stock Up 0.2 %

Shares of FRST traded up $0.02 during midday trading on Monday, hitting $10.11. The company had a trading volume of 48,231 shares, compared to its average volume of 65,796. The company's 50-day simple moving average is $10.81 and its 200-day simple moving average is $11.55. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.86 and a current ratio of 0.99. The firm has a market capitalization of $249.95 million, a P/E ratio of -33.70 and a beta of 0.78. Primis Financial Corp. has a 1 year low of $9.52 and a 1 year high of $13.52.

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Primis Financial (NASDAQ:FRST - Get Free Report) last announced its quarterly earnings data 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 2.05%. As a group, sell-side analysts expect that Primis Financial Corp. will post 1.4 EPS for the current year.

Primis Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.96%. The ex-dividend date was Wednesday, February 12th. Primis Financial's payout ratio is -133.33%.

Institutional Investors Weigh In On Primis Financial

Several institutional investors have recently added to or reduced their stakes in FRST. PL Capital Advisors LLC lifted its stake in Primis Financial by 1,066.0% during the fourth 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 last quarter. Fourthstone LLC lifted its stake in Primis Financial by 263.3% during the fourth quarter. Fourthstone LLC now owns 898,014 shares of the company's stock worth $10,471,000 after purchasing an additional 650,820 shares during the last quarter. Mendon Capital Advisors Corp lifted its stake in Primis Financial by 11.3% during the fourth quarter. Mendon Capital Advisors Corp now owns 1,051,728 shares of the company's stock worth $12,263,000 after purchasing an additional 106,721 shares during the last quarter. Cary Street Partners Financial LLC purchased a new stake in Primis Financial during the fourth quarter worth approximately $778,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Primis Financial by 91.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 125,028 shares of the company's stock worth $1,523,000 after purchasing an additional 59,746 shares during the last quarter. Hedge funds and other institutional investors own 74.96% 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.