John Fitzgerald Biagas Buys 1,805 Shares of Primis Financial Corp. (NASDAQ:FRST) Stock

Primis Financial Corp. (NASDAQ:FRST) Director John Fitzgerald Biagas bought 1,805 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were purchased at an average cost of $11.04 per share, with a total value of $19,927.20. Following the completion of the transaction, the director now owns 76,171 shares in the company, valued at $840,927.84. This represents a 2.43 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Primis Financial Trading Up 0.5 %

Shares of FRST opened at $11.01 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.99 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average price of $11.62 and a 200-day moving average price of $11.84. Primis Financial Corp. has a fifty-two week low of $9.52 and a fifty-two week high of $13.52.

Primis Financial (NASDAQ:FRST) last posted its earnings results 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 return on equity of 2.95% and a negative net margin of 2.97%. As a group, research analysts forecast that Primis Financial Corp. will post 1.08 EPS for the current year.

Primis Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.63%. The ex-dividend date is Wednesday, February 12th.

Analyst Ratings Changes

Separately, Stephens decreased their price objective on Primis Financial from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th.

Institutional Investors Weigh In On Primis Financial

A number of large investors have recently modified their holdings of FRST. Charles Schwab Investment Management Inc. raised 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 buying an additional 2,708 shares during the last quarter. Segall Bryant & Hamill LLC increased its position in shares of Primis Financial by 1.9% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 182,617 shares of the company’s stock valued at $2,224,000 after acquiring an additional 3,346 shares during the period. Victory Capital Management Inc. increased its position in shares of Primis Financial by 5.4% in the 3rd quarter. Victory Capital Management Inc. now owns 78,000 shares of the company’s stock valued at $950,000 after acquiring an additional 4,000 shares during the period. AQR Capital Management LLC raised its stake in Primis Financial by 55.1% in the 2nd quarter. AQR Capital Management LLC now owns 19,097 shares of the company’s stock worth $200,000 after acquiring an additional 6,783 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in Primis Financial during the 2nd quarter worth about $106,000. Hedge funds and other institutional investors own 74.96% of the company’s stock.

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.