Primis Financial Corp. (NASDAQ:FRST) Shares Purchased by Barclays PLC

Barclays PLC raised its holdings in shares of Primis Financial Corp. (NASDAQ:FRST) by 243.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 27,441 shares of the company’s stock after acquiring an additional 19,460 shares during the quarter. Barclays PLC’s holdings in Primis Financial were worth $334,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in FRST. Mackenzie Financial Corp acquired a new position in shares of Primis Financial during the second quarter worth $106,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Primis Financial during the second quarter worth $144,000. AQR Capital Management LLC lifted its position in shares of Primis Financial by 55.1% during the second quarter. AQR Capital Management LLC now owns 19,097 shares of the company’s stock worth $200,000 after purchasing an additional 6,783 shares in the last quarter. De Lisle Partners LLP lifted its position in shares of Primis Financial by 109.5% during the third quarter. De Lisle Partners LLP now owns 21,016 shares of the company’s stock worth $256,000 after purchasing an additional 10,986 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position 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 purchasing an additional 2,708 shares in the last quarter. 74.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Stephens reduced their target price on shares of Primis Financial from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th.

Insider Buying and Selling

In other news, Director F L. Garrett III purchased 3,660 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of $12.32 per share, for a total transaction of $45,091.20. Following the completion of the purchase, the director now owns 41,169 shares of the company’s stock, valued at approximately $507,202.08. This trade represents a 9.76 % 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 own 10.89% of the company’s stock.

Primis Financial Trading Up 0.5 %

NASDAQ FRST opened at $11.49 on Friday. The company has a market capitalization of $284.07 million, a price-to-earnings ratio of 10.64 and a beta of 0.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.99 and a quick ratio of 0.98. Primis Financial Corp. has a 12 month low of $9.52 and a 12 month high of $13.69. The company’s fifty day moving average price is $12.06 and its two-hundred day moving average price is $11.78.

Primis Financial (NASDAQ:FRST) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.35). The company had revenue of $66.40 million for the quarter. Primis Financial had a return on equity of 3.28% and a net margin of 6.00%. During the same quarter last year, the firm earned $0.32 earnings per share. As a group, research analysts predict that Primis Financial Corp. will post 0.5 earnings per share for the current fiscal year.

Primis Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.40 dividend on an annualized basis and a yield of 3.48%. Primis Financial’s dividend payout ratio (DPR) is 37.04%.

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.