Renaissance Technologies LLC Increases Holdings in Primis Financial Corp. (NASDAQ:FRST)

Renaissance Technologies LLC grew its holdings in Primis Financial Corp. (NASDAQ:FRST - Free Report) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 389,513 shares of the company's stock after acquiring an additional 47,900 shares during the period. Renaissance Technologies LLC owned about 1.58% of Primis Financial worth $4,542,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake 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 acquiring an additional 2,585 shares during the last quarter. Victory Capital Management Inc. grew its stake 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 buying an additional 10,000 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Primis Financial by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 466,212 shares of the company's stock worth $5,679,000 after buying an additional 10,656 shares during the last quarter. State Street Corp raised its position in shares of Primis Financial by 2.6% during the 3rd quarter. State Street Corp now owns 423,407 shares of the company's stock valued at $5,157,000 after buying an additional 10,923 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Primis Financial by 15.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 144,482 shares of the company's stock worth $1,685,000 after acquiring an additional 19,454 shares in the last quarter. Institutional investors own 74.96% of the company's stock.

Insider Transactions 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 shares were acquired at an average price of $9.97 per share, for a total transaction of $99,700.00. Following the completion of the purchase, the director now directly owns 88,469 shares in the company, valued at approximately $882,035.93. This trade represents a 12.74 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders bought 12,025 shares of company stock worth $122,058. 10.89% of the stock is currently owned by insiders.

Primis Financial Trading Down 1.8 %

FRST stock traded down $0.15 during midday trading on Friday, reaching $8.33. 32,531 shares of the company traded hands, compared to its average volume of 71,240. The firm has a market capitalization of $205.94 million, a price-to-earnings ratio of -27.77 and a beta of 0.59. Primis Financial Corp. has a 52-week low of $7.75 and a 52-week high of $13.52. The business has a 50 day moving average of $9.45 and a 200-day moving average of $10.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.86 and a current ratio of 0.99.

Primis Financial (NASDAQ:FRST - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. As a group, sell-side analysts expect that Primis Financial Corp. will post 1.4 earnings per share for the current fiscal year.

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.