PL Capital Advisors LLC lifted its position in Primis Financial Corp. (NASDAQ:FRST - Free Report) by 1,066.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,541,310 shares of the company's stock after purchasing an additional 5,066,069 shares during the quarter. Primis Financial comprises approximately 0.8% of PL Capital Advisors LLC's portfolio, making the stock its 17th largest holding. PL Capital Advisors LLC owned approximately 22.42% of Primis Financial worth $64,612,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in Primis Financial by 5.4% in the third quarter. Victory Capital Management Inc. now owns 78,000 shares of the company's stock worth $950,000 after acquiring an additional 4,000 shares in the last quarter. Segall Bryant & Hamill LLC grew its position in Primis Financial by 1.9% in the third quarter. Segall Bryant & Hamill LLC now owns 182,617 shares of the company's stock worth $2,224,000 after acquiring an additional 3,346 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Primis Financial by 91.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 125,028 shares of the company's stock worth $1,523,000 after acquiring an additional 59,746 shares in the last quarter. Foundry Partners LLC grew its position in Primis Financial by 14.5% in the third quarter. Foundry Partners LLC now owns 393,575 shares of the company's stock worth $4,794,000 after acquiring an additional 49,735 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Primis Financial by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 59,324 shares of the company's stock worth $723,000 after acquiring an additional 2,708 shares in the last quarter. Institutional investors own 74.96% of the company's stock.
Primis Financial Price Performance
NASDAQ:FRST traded up $0.03 during midday trading on Friday, hitting $10.51. The company had a trading volume of 116,793 shares, compared to its average volume of 65,993. Primis Financial Corp. has a 52-week low of $9.52 and a 52-week high of $13.52. The stock's fifty day moving average price is $11.14 and its 200-day moving average price is $11.68. The company has a market capitalization of $259.84 million, a PE ratio of -35.03 and a beta of 0.78. The company has a quick ratio of 0.86, a current ratio of 0.99 and a debt-to-equity ratio of 0.24.
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 return on equity of 2.05% and a negative net margin of 2.97%. As a group, research analysts expect that Primis Financial Corp. will post 1.4 earnings per share for the current year.
Primis Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.40 annualized dividend and a yield of 3.81%. Primis Financial's payout ratio is -133.33%.
Insider Buying and Selling at Primis Financial
In other Primis Financial news, Director F L. Garrett III purchased 3,660 shares of the business's stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $12.32 per share, for a total transaction of $45,091.20. Following the completion of the transaction, the director now directly owns 41,169 shares in the company, valued at approximately $507,202.08. This represents a 9.76 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders acquired a total of 5,685 shares of company stock worth $67,449 over the last three months. Company insiders own 10.89% of the company's stock.
Primis Financial Profile
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Free Report)
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.
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