Primis Financial Corp. (NASDAQ:FRST) Position Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in Primis Financial Corp. (NASDAQ:FRST - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,160,127 shares of the company's stock after purchasing an additional 28,930 shares during the quarter. Dimensional Fund Advisors LP owned about 4.69% of Primis Financial worth $13,527,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in FRST. Wells Fargo & Company MN raised its position in Primis Financial by 25.7% in the 4th quarter. Wells Fargo & Company MN now owns 12,639 shares of the company's stock worth $147,000 after purchasing an additional 2,585 shares during the period. Marshall Wace LLP acquired a new stake in shares of Primis Financial during the fourth quarter worth $148,000. Barclays PLC raised its holdings 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 last quarter. 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 acquiring an additional 34,394 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of 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 acquiring an additional 38,792 shares during the period. 74.96% of the stock is currently owned by hedge funds and other institutional investors.

Primis Financial Stock Up 1.3%

Shares of NASDAQ:FRST traded up $0.12 during trading hours on Wednesday, reaching $9.45. The stock had a trading volume of 46,274 shares, compared to its average volume of 73,300. Primis Financial Corp. has a 1 year low of $7.59 and a 1 year high of $13.52. The firm's 50 day moving average is $9.05 and its 200-day moving average is $10.67. 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 stock has a market capitalization of $233.56 million, a price-to-earnings ratio of -31.52 and a beta of 0.65.

Primis Financial (NASDAQ:FRST - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.12). Primis Financial had a negative return on equity of 2.05% and a negative net margin of 2.97%. The business had revenue of $32.53 million for the quarter, compared to analyst estimates of $26.90 million. Research analysts predict that Primis Financial Corp. will post 1.4 earnings per share for the current fiscal year.

Primis Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.40 annualized dividend and a yield of 4.23%. Primis Financial's dividend payout ratio (DPR) is currently -137.93%.

Insider Buying and Selling at Primis Financial

In related news, Director John Fitzgerald Biagas bought 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $9.97 per share, with a total value of $99,700.00. Following the completion of the transaction, the director now owns 88,469 shares of the company's stock, valued at approximately $882,035.93. The trade was a 12.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 10.89% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Maxim Group began coverage on shares of Primis Financial in a research note on Monday. They set a "buy" rating and a $1.00 price objective for the company.

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.