Segall Bryant & Hamill LLC Makes New $1.63 Million Investment in Primis Financial Corp. (NASDAQ:FRST)

Segall Bryant & Hamill LLC acquired a new stake in shares of Primis Financial Corp. (NASDAQ:FRST - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 167,255 shares of the company's stock, valued at approximately $1,634,000. Segall Bryant & Hamill LLC owned approximately 0.68% of Primis Financial as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in Primis Financial by 4.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,968 shares of the company's stock valued at $362,000 after purchasing an additional 1,405 shares in the last quarter. Wells Fargo & Company MN raised its stake in Primis Financial by 25.7% in the fourth quarter. Wells Fargo & Company MN now owns 12,639 shares of the company's stock worth $147,000 after buying an additional 2,585 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Primis Financial by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 140,406 shares of the company's stock worth $1,372,000 after buying an additional 2,831 shares in the last quarter. Victory Capital Management Inc. increased its position in Primis Financial by 4.0% during the 1st quarter. Victory Capital Management Inc. now owns 91,500 shares of the company's stock valued at $894,000 after buying an additional 3,500 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in Primis Financial during the 4th quarter valued at about $51,000. Hedge funds and other institutional investors own 74.96% of the company's stock.

Primis Financial Price Performance

Shares of NASDAQ:FRST traded up $0.19 during trading on Wednesday, reaching $12.10. 89,758 shares of the company's stock traded hands, compared to its average volume of 79,532. Primis Financial Corp. has a fifty-two week low of $7.59 and a fifty-two week high of $13.52. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.26. The firm has a market cap of $299.11 million, a PE ratio of -41.72 and a beta of 0.74. The company has a 50-day simple moving average of $10.32 and a 200-day simple moving average of $10.06.

Primis Financial (NASDAQ:FRST - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.12). The business had revenue of $32.53 million for the quarter, compared to analyst estimates of $26.90 million. Primis Financial had a negative net margin of 2.94% and a negative return on equity of 1.83%. As a group, analysts predict that Primis Financial Corp. will post 1.4 earnings per share for the current year.

Primis Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Wednesday, May 14th. Primis Financial's dividend payout ratio is presently -137.93%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wall Street Zen raised Primis Financial from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Maxim Group initiated coverage on Primis Financial in a research note on Monday, May 12th. They issued a "buy" rating and a $1.00 target price on the 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.