Primis Financial Corp. $FRST Stock Position Decreased by Rhumbline Advisers

Key Points

• Rhumbline Advisers reduced its stake in Primis Financial Corp. by 49.1% in the first quarter, owning 36,044 shares worth $352,000.
• The company's stock is currently trading at $10.69, with a 52-week low of $7.59 and a high of $12.95, and experienced a 0.3% decrease recently.
• Primis Financial reported earnings of $0.11 per share, missing estimates of $0.24, alongside a negative return on equity of -2.02%.

Rhumbline Advisers lessened its holdings in shares of Primis Financial Corp. (NASDAQ:FRST - Free Report) by 49.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,044 shares of the company's stock after selling 34,825 shares during the period. Rhumbline Advisers owned 0.15% of Primis Financial worth $352,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets bought a new stake in shares of Primis Financial during the 4th quarter valued at about $51,000. GAMMA Investing LLC increased its holdings in shares of Primis Financial by 3,268.0% in the 1st quarter. GAMMA Investing LLC now owns 6,096 shares of the company's stock worth $624,000 after acquiring an additional 5,915 shares during the period. MetLife Investment Management LLC increased its holdings in shares of Primis Financial by 13.9% in the 1st quarter. MetLife Investment Management LLC now owns 12,819 shares of the company's stock worth $125,000 after acquiring an additional 1,562 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Primis Financial by 11.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,072 shares of the company's stock worth $128,000 after acquiring an additional 1,370 shares during the period. Finally, Whipplewood Advisors LLC increased its holdings in shares of Primis Financial by 47,265.2% in the 1st quarter. Whipplewood Advisors LLC now owns 21,788 shares of the company's stock worth $213,000 after acquiring an additional 21,742 shares during the period. Institutional investors own 74.96% of the company's stock.

Primis Financial Stock Down 0.3%

FRST stock opened at $10.69 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.26. Primis Financial Corp. has a fifty-two week low of $7.59 and a fifty-two week high of $12.95. The firm's 50-day simple moving average is $11.19 and its 200 day simple moving average is $10.13. The stock has a market cap of $263.40 million, a PE ratio of -118.78 and a beta of 0.82.

Primis Financial (NASDAQ:FRST - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.13). Primis Financial had a negative return on equity of 2.02% and a negative net margin of 0.93%.The firm had revenue of $42.36 million during the quarter, compared to analyst estimates of $28.13 million. As a group, sell-side analysts predict that Primis Financial Corp. will post 1.4 EPS for the current year.

Primis Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, August 8th. Primis Financial's dividend payout ratio (DPR) is -444.44%.

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.

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