Primis Financial Corp. (NASDAQ:FRST) Stock Holdings Trimmed by Boston Partners

Boston Partners lowered its position in shares of Primis Financial Corp. (NASDAQ:FRST) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 295,867 shares of the company’s stock after selling 5,113 shares during the quarter. Boston Partners owned about 1.20% of Primis Financial worth $3,450,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FRST. De Lisle Partners LLP lifted its stake in Primis Financial by 109.5% during the third quarter. De Lisle Partners LLP now owns 21,016 shares of the company’s stock worth $256,000 after purchasing an additional 10,986 shares during the last quarter. Barclays PLC boosted its holdings in shares of Primis Financial by 243.8% in the 3rd quarter. Barclays PLC now owns 27,441 shares of the company’s stock valued at $334,000 after buying an additional 19,460 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Primis Financial by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 59,324 shares of the company’s stock valued at $723,000 after buying an additional 2,708 shares during the period. Rhumbline Advisers grew its position in shares of Primis Financial by 94.3% during the 4th quarter. Rhumbline Advisers now owns 70,869 shares of the company’s stock valued at $826,000 after buying an additional 34,394 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Primis Financial by 120.0% during the third 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 period. Institutional investors own 74.96% of the company’s stock.

Primis Financial Stock Performance

Shares of FRST stock opened at $9.93 on Friday. The company has a market cap of $245.50 million, a P/E ratio of -33.10 and a beta of 0.78. The business has a 50 day moving average of $10.72 and a two-hundred day moving average of $11.49. Primis Financial Corp. has a 52 week low of $9.52 and a 52 week high of $13.52. 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 (NASDAQ:FRST) last released its quarterly earnings data 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, analysts anticipate that Primis Financial Corp. will post 1.4 EPS for the current year.

Primis Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.03%. Primis Financial’s dividend payout ratio (DPR) is presently -133.33%.

Insider Activity at Primis Financial

In other Primis Financial news, Director John Fitzgerald Biagas acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $9.97 per share, with a total value 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 represents a 12.74 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought a total of 12,025 shares of company stock worth $122,058 in the last ninety days. 10.89% of the stock is owned by insiders.

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.