Primis Financial Corp. (NASDAQ:FRST - Get Free Report) Director F L. Garrett III purchased 3,660 shares of the company's stock in a transaction on Friday, December 13th. The stock was bought at an average price of $12.32 per share, for a total transaction of $45,091.20. Following the completion of the purchase, the director now directly owns 41,169 shares of the company's stock, valued at $507,202.08. The trade was a 9.76 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Primis Financial Stock Performance
FRST traded up $0.01 during trading on Monday, hitting $12.46. 59,052 shares of the stock were exchanged, compared to its average volume of 65,956. The firm has a market capitalization of $308.01 million, a P/E ratio of 13.24 and a beta of 0.78. Primis Financial Corp. has a 1-year low of $9.52 and a 1-year high of $13.69. The stock has a fifty day moving average price of $12.08 and a two-hundred day moving average price of $11.61. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.24.
Primis Financial (NASDAQ:FRST - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.35). Primis Financial had a net margin of 6.00% and a return on equity of 3.28%. The business had revenue of $66.40 million during the quarter. During the same period last year, the business posted $0.32 EPS. As a group, sell-side analysts predict that Primis Financial Corp. will post 0.5 earnings per share for the current year.
Primis Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Friday, November 8th.
Institutional Trading of Primis Financial
A number of hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its holdings in shares of Primis Financial by 1.1% in the second quarter. American Century Companies Inc. now owns 130,093 shares of the company's stock valued at $1,363,000 after acquiring an additional 1,410 shares in the last quarter. Charles Schwab Investment Management Inc. lifted 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 valued at $723,000 after purchasing an additional 2,708 shares during the period. Segall Bryant & Hamill LLC increased its position in Primis Financial by 1.9% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 182,617 shares of the company's stock worth $2,224,000 after purchasing an additional 3,346 shares during the period. Victory Capital Management Inc. raised its stake in shares of Primis Financial by 5.4% during the 3rd quarter. Victory Capital Management Inc. now owns 78,000 shares of the company's stock worth $950,000 after buying an additional 4,000 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Primis Financial by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 148,121 shares of the company's stock valued at $1,552,000 after buying an additional 4,001 shares during the period. 74.96% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Stephens decreased their price objective on shares of Primis Financial from $16.00 to $14.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th.
Get Our Latest Stock Report on Primis Financial
Primis Financial Company Profile
(
Get 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.
Recommended Stories
Before you consider Primis Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Primis Financial wasn't on the list.
While Primis Financial currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
