JPMorgan Chase & Co. Has $866,000 Stock Holdings in Primis Financial Corp. (NASDAQ:FRST)

JPMorgan Chase & Co. increased its holdings in shares of Primis Financial Corp. (NASDAQ:FRST - Free Report) by 120.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,112 shares of the company's stock after acquiring an additional 38,792 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.29% of Primis Financial worth $866,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Mackenzie Financial Corp bought a new position in Primis Financial in the 2nd quarter worth about $106,000. Northwestern Mutual Wealth Management Co. bought a new position in Primis Financial in the 2nd quarter worth approximately $144,000. AQR Capital Management LLC increased its position in Primis Financial by 55.1% in the 2nd quarter. AQR Capital Management LLC now owns 19,097 shares of the company's stock valued at $200,000 after acquiring an additional 6,783 shares during the period. De Lisle Partners LLP boosted its position in Primis Financial by 109.5% during the 3rd quarter. De Lisle Partners LLP now owns 21,016 shares of the company's stock worth $256,000 after acquiring an additional 10,986 shares during the period. Finally, Barclays PLC increased its holdings in shares of Primis Financial by 243.8% during the third quarter. Barclays PLC now owns 27,441 shares of the company's stock valued at $334,000 after purchasing an additional 19,460 shares during the period. Institutional investors own 74.96% of the company's stock.

Primis Financial Price Performance

NASDAQ:FRST traded up $0.18 during midday trading on Friday, hitting $11.36. 38,645 shares of the stock were exchanged, compared to its average volume of 47,358. The company has a market capitalization of $280.82 million, a price-to-earnings ratio of 11.87 and a beta of 0.79. The company has a current ratio of 0.99, a quick ratio of 0.86 and a debt-to-equity ratio of 0.24. Primis Financial Corp. has a one year low of $9.52 and a one year high of $13.69. The business has a 50-day moving average price of $11.84 and a two-hundred day moving average price of $11.88.

Primis Financial (NASDAQ:FRST - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.35). The firm had revenue of $66.40 million during the quarter. Primis Financial had a net margin of 6.00% and a return on equity of 3.28%. During the same period last year, the business posted $0.32 EPS. Sell-side analysts predict that Primis Financial Corp. will post 0.5 EPS for the current year.

Insiders Place Their Bets

In other Primis Financial news, Director F L. Garrett III bought 3,660 shares of Primis Financial stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $12.32 per share, for a total transaction of $45,091.20. Following the completion of the acquisition, the director now owns 41,169 shares of the company's stock, valued at approximately $507,202.08. This represents a 9.76 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 10.89% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Stephens reduced their price objective on shares of 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.