Mendon Capital Advisors Corp raised its holdings in Primis Financial Corp. (NASDAQ:FRST - Free Report) by 11.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,051,728 shares of the company's stock after purchasing an additional 106,721 shares during the quarter. Primis Financial accounts for 6.0% of Mendon Capital Advisors Corp's holdings, making the stock its 3rd largest holding. Mendon Capital Advisors Corp owned 4.25% of Primis Financial worth $12,263,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of FRST. Geode Capital Management LLC raised its holdings in Primis Financial by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 466,212 shares of the company's stock valued at $5,679,000 after buying an additional 10,656 shares during the period. Rhumbline Advisers increased its position in shares of Primis Financial by 94.3% during the fourth quarter. Rhumbline Advisers now owns 70,869 shares of the company's stock valued at $826,000 after acquiring an additional 34,394 shares during the last quarter. Barclays PLC increased its position 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 acquiring an additional 19,460 shares during the last quarter. State Street Corp raised its stake in shares of Primis Financial by 2.6% in the 3rd 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 period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Primis Financial by 120.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 71,112 shares of the company's stock worth $866,000 after acquiring an additional 38,792 shares during the last quarter. Institutional investors and hedge funds own 74.96% of the company's stock.
Primis Financial Trading Down 1.8 %
Primis Financial stock traded down $0.15 during trading on Friday, hitting $8.33. The company had a trading volume of 32,531 shares, compared to its average volume of 71,240. The company has a current ratio of 0.99, a quick ratio of 0.86 and a debt-to-equity ratio of 0.24. The company's 50 day simple moving average is $9.45 and its 200-day simple moving average is $10.93. Primis Financial Corp. has a 1-year low of $7.75 and a 1-year high of $13.52. The stock has a market cap of $205.94 million, a price-to-earnings ratio of -27.77 and a beta of 0.59.
Primis Financial (NASDAQ:FRST - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported ($0.65) earnings per share for the quarter, missing analysts' consensus estimates 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, analysts expect that Primis Financial Corp. will post 1.4 EPS for the current fiscal year.
Insider Buying and Selling at Primis Financial
In other Primis Financial news, Director John Fitzgerald Biagas purchased 10,000 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $9.97 per share, with a total value of $99,700.00. Following the transaction, the director now directly owns 88,469 shares of the company's stock, valued at approximately $882,035.93. This represents a 12.74 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought a total of 12,025 shares of company stock valued at $122,058 in the last three months. 10.89% of the stock is owned by corporate insiders.
About Primis Financial
(
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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