Rhumbline Advisers Acquires 34,394 Shares of Primis Financial Corp. (NASDAQ:FRST)

Rhumbline Advisers increased its position in Primis Financial Corp. (NASDAQ:FRST - Free Report) by 94.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,869 shares of the company's stock after acquiring an additional 34,394 shares during the period. Rhumbline Advisers owned about 0.29% of Primis Financial worth $826,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FRST. Victory Capital Management Inc. lifted its holdings in Primis Financial by 5.4% in the 3rd quarter. Victory Capital Management Inc. now owns 78,000 shares of the company's stock worth $950,000 after purchasing an additional 4,000 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of Primis Financial by 1.9% during the third quarter. Segall Bryant & Hamill LLC now owns 182,617 shares of the company's stock valued at $2,224,000 after buying an additional 3,346 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Primis Financial by 91.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 125,028 shares of the company's stock valued at $1,523,000 after buying an additional 59,746 shares during the last quarter. Foundry Partners LLC raised its holdings in shares of 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 buying an additional 49,735 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Primis Financial by 4.8% during the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 74.96% of the company's stock.

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Primis Financial Trading Down 3.8 %

Primis Financial stock traded down $0.38 during mid-day trading on Monday, hitting $9.72. The company's stock had a trading volume of 89,512 shares, compared to its average volume of 66,428. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.86 and a current ratio of 0.99. The company has a 50 day moving average of $10.98 and a 200-day moving average of $11.63. Primis Financial Corp. has a one year low of $9.52 and a one year high of $13.52. The stock has a market cap of $240.31 million, a PE ratio of -32.40 and a beta of 0.78.

Primis Financial (NASDAQ:FRST - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported ($0.65) EPS for the quarter, missing analysts' consensus estimates 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%. On average, research analysts anticipate that Primis Financial Corp. will post 1.4 EPS for the current year.

Primis Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 4.12%. The ex-dividend date was Wednesday, February 12th. Primis Financial's dividend payout ratio is presently -133.33%.

Insider Activity at Primis Financial

In other news, Director F L. Garrett III acquired 3,660 shares of the firm's 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 directly owns 41,169 shares of the company's stock, valued at $507,202.08. The trade was a 9.76 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders bought 5,685 shares of company stock worth $67,449. Company insiders own 10.89% of the company's stock.

Primis Financial 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.