Connor Clark & Lunn Investment Management Ltd. Raises Position in Primis Financial Corp. (NASDAQ:FRST)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Primis Financial Corp. (NASDAQ:FRST) by 15.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 144,482 shares of the company’s stock after purchasing an additional 19,454 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Primis Financial were worth $1,685,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. De Lisle Partners LLP boosted its holdings in Primis Financial by 109.5% during the 3rd quarter. De Lisle Partners LLP now owns 21,016 shares of the company’s stock valued at $256,000 after acquiring an additional 10,986 shares during the period. Barclays PLC boosted its stake 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. Charles Schwab Investment Management Inc. grew its holdings in shares of Primis Financial by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 59,324 shares of the company’s stock worth $723,000 after purchasing an additional 2,708 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Primis Financial by 94.3% in the fourth quarter. Rhumbline Advisers now owns 70,869 shares of the company’s stock worth $826,000 after buying an additional 34,394 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in 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 buying an additional 38,792 shares during the last quarter. 74.96% of the stock is owned by institutional investors.

Primis Financial Price Performance

Shares of Primis Financial stock opened at $10.33 on Thursday. The firm has a market cap of $255.39 million, a PE ratio of -34.43 and a beta of 0.78. The company’s fifty day simple moving average is $10.75 and its two-hundred day simple moving average is $11.51. The company has a quick ratio of 0.86, a current ratio of 0.99 and a debt-to-equity ratio of 0.24. Primis Financial Corp. has a 12-month low of $9.52 and a 12-month high of $13.52.

Primis Financial (NASDAQ:FRST) last announced its quarterly earnings results on Tuesday, January 28th. The company reported ($0.65) earnings per share (EPS) 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, equities analysts expect 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. Investors of record on Wednesday, February 12th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Wednesday, February 12th. Primis Financial’s dividend payout ratio (DPR) is currently -133.33%.

Insider Buying and Selling at Primis Financial

In related news, Director John Fitzgerald Biagas bought 10,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $9.97 per share, with a total value of $99,700.00. Following the transaction, the director now owns 88,469 shares in the company, valued at approximately $882,035.93. This trade represents a 12.74 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have purchased 12,025 shares of company stock valued at $122,058. 10.89% of the stock is currently owned by company insiders.

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.