Fourthstone LLC lifted its holdings in shares of Primis Financial Corp. (NASDAQ:FRST - Free Report) by 263.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 898,014 shares of the company's stock after purchasing an additional 650,820 shares during the quarter. Primis Financial accounts for about 2.0% of Fourthstone LLC's portfolio, making the stock its 12th biggest position. Fourthstone LLC owned about 3.63% of Primis Financial worth $10,471,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in shares of Primis Financial by 25.7% during the 4th quarter. Wells Fargo & Company MN now owns 12,639 shares of the company's stock worth $147,000 after acquiring an additional 2,585 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Primis Financial by 4.8% during 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 in the last quarter. Barclays PLC boosted its stake in shares of Primis Financial by 19.5% during the fourth quarter. Barclays PLC now owns 32,786 shares of the company's stock valued at $382,000 after purchasing an additional 5,345 shares in the last quarter. ELCO Management Co. LLC raised its holdings in Primis Financial by 9.7% during the 4th quarter. ELCO Management Co. LLC now owns 84,008 shares of the company's stock worth $980,000 after purchasing an additional 7,422 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Primis Financial by 12.8% in the 4th quarter. Victory Capital Management Inc. now owns 88,000 shares of the company's stock worth $1,026,000 after acquiring an additional 10,000 shares in the last quarter. Institutional investors own 74.96% of the company's stock.
Primis Financial Stock Up 3.2 %
FRST traded up $0.27 during midday trading on Tuesday, hitting $8.44. The company had a trading volume of 14,409 shares, compared to its average volume of 70,869. The stock's 50 day moving average price is $9.66 and its 200 day moving average price is $11.01. Primis Financial Corp. has a 52 week low of $7.75 and a 52 week high of $13.52. 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 market capitalization of $208.54 million, a price-to-earnings ratio of -28.12 and a beta of 0.59.
Primis Financial (NASDAQ:FRST - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.76). Primis Financial had a negative return on equity of 2.05% and a negative net margin of 2.97%. On average, research analysts anticipate that Primis Financial Corp. will post 1.4 earnings per share for the current fiscal year.
Primis Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.40 dividend on an annualized basis and a yield of 4.74%. Primis Financial's dividend payout ratio is presently -133.33%.
Insider Activity at Primis Financial
In other Primis Financial news, Director John Fitzgerald Biagas bought 10,000 shares of Primis Financial stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $9.97 per share, with a total value of $99,700.00. Following the acquisition, the director now owns 88,469 shares in the company, valued at approximately $882,035.93. This trade represents a 12.74 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired a total of 12,025 shares of company stock worth $122,058 over the last quarter. 10.89% of the stock is owned by corporate insiders.
Primis Financial Profile
(
Free Report)
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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