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

Boston Partners cut its stake in Primis Financial Corp. (NASDAQ:FRST) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,867 shares of the company’s stock after selling 5,113 shares during the period. Boston Partners’ holdings in Primis Financial were worth $3,450,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Foundry Partners LLC lifted its holdings in Primis Financial by 14.5% in the 3rd quarter. Foundry Partners LLC now owns 393,575 shares of the company’s stock valued at $4,794,000 after acquiring an additional 49,735 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Primis Financial by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 466,212 shares of the company’s stock worth $5,679,000 after acquiring an additional 10,656 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Primis Financial by 94.3% in the 4th quarter. Rhumbline Advisers now owns 70,869 shares of the company’s stock worth $826,000 after acquiring an additional 34,394 shares during the last quarter. Barclays PLC raised its position in shares of Primis Financial by 243.8% during the third quarter. Barclays PLC now owns 27,441 shares of the company’s stock worth $334,000 after purchasing an additional 19,460 shares during the period. Finally, State Street Corp lifted its holdings in shares of Primis Financial by 2.6% during the third quarter. State Street Corp now owns 423,407 shares of the company’s stock valued at $5,157,000 after purchasing an additional 10,923 shares during the last quarter. Institutional investors and hedge funds own 74.96% of the company’s stock.

Primis Financial Price Performance

NASDAQ FRST opened at $9.93 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.86 and a debt-to-equity ratio of 0.24. Primis Financial Corp. has a 1 year low of $9.52 and a 1 year high of $13.52. The company has a market cap of $245.50 million, a PE ratio of -33.10 and a beta of 0.78. The stock’s 50-day moving average price is $10.72 and its two-hundred day moving average price is $11.49.

Primis Financial (NASDAQ:FRST) last issued its quarterly earnings results on Tuesday, January 28th. The company reported ($0.65) 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%. On average, analysts predict that Primis Financial Corp. will post 1.4 EPS for the current year.

Primis Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.40 dividend on an annualized basis and a yield of 4.03%. Primis Financial’s payout ratio is presently -133.33%.

Insider Buying and Selling at Primis Financial

In related news, Director John Fitzgerald Biagas purchased 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, for a total transaction of $99,700.00. Following the completion of the acquisition, the director now owns 88,469 shares in the company, valued at $882,035.93. This trade represents a 12.74 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired a total of 12,025 shares of company stock valued at $122,058 in the last 90 days. 10.89% of the stock is currently 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.