Primis Financial Corp. (NASDAQ:FRST) Position Raised by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its position in Primis Financial Corp. (NASDAQ:FRST - Free Report) by 14.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 389,513 shares of the company's stock after acquiring an additional 47,900 shares during the quarter. Renaissance Technologies LLC owned 1.58% of Primis Financial worth $4,542,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in Primis Financial by 25.7% during the 4th quarter. Wells Fargo & Company MN now owns 12,639 shares of the company's stock worth $147,000 after purchasing an additional 2,585 shares in the last quarter. Barclays PLC increased its position in shares of Primis Financial by 243.8% in the third quarter. Barclays PLC now owns 27,441 shares of the company's stock worth $334,000 after acquiring an additional 19,460 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Primis Financial by 94.3% in the 4th 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 period. JPMorgan Chase & Co. lifted its holdings in shares of Primis Financial by 120.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 71,112 shares of the company's stock valued at $866,000 after acquiring an additional 38,792 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Primis Financial by 12.8% during the 4th quarter. Victory Capital Management Inc. now owns 88,000 shares of the company's stock worth $1,026,000 after purchasing an additional 10,000 shares during the period. 74.96% of the stock is currently owned by institutional investors and hedge funds.

Primis Financial Stock Up 0.1 %

NASDAQ FRST traded up $0.01 during trading hours on Thursday, hitting $8.48. The company had a trading volume of 57,975 shares, compared to its average volume of 71,142. The firm's 50 day moving average is $9.55 and its 200 day moving average is $10.98. The company has a market capitalization of $209.65 million, a price-to-earnings ratio of -28.27 and a beta of 0.59. Primis Financial Corp. has a fifty-two week low of $7.75 and a fifty-two week high of $13.52. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.99 and a quick ratio of 0.86.

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 (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%. Sell-side analysts anticipate that Primis Financial Corp. will post 1.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Primis Financial news, Director John Fitzgerald Biagas acquired 10,000 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $9.97 per share, for a total transaction of $99,700.00. Following the acquisition, the director now directly owns 88,469 shares of the company's stock, valued at $882,035.93. This trade represents a 12.74 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought 12,025 shares of company stock worth $122,058 in the last quarter. 10.89% of the stock is owned by corporate insiders.

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.