Primis Financial Corp. (NASDAQ:FRST) Shares Bought by De Lisle Partners LLP

De Lisle Partners LLP raised its holdings in shares of Primis Financial Corp. (NASDAQ:FRST) by 109.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,016 shares of the company’s stock after acquiring an additional 10,986 shares during the period. De Lisle Partners LLP’s holdings in Primis Financial were worth $256,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Primis Financial by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,107,530 shares of the company’s stock valued at $13,479,000 after purchasing an additional 7,312 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Primis Financial by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,104,475 shares of the company’s stock worth $11,574,000 after buying an additional 23,653 shares in the last quarter. Foundry Partners LLC lifted its stake in shares of Primis Financial by 14.5% in the 3rd quarter. Foundry Partners LLC now owns 393,575 shares of the company’s stock worth $4,794,000 after acquiring an additional 49,735 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Primis Financial by 3.8% in the second quarter. Renaissance Technologies LLC now owns 353,813 shares of the company’s stock valued at $3,708,000 after acquiring an additional 12,900 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its stake in shares of Primis Financial by 1.9% during the third quarter. Segall Bryant & Hamill LLC now owns 182,617 shares of the company’s stock valued at $2,224,000 after acquiring an additional 3,346 shares during the period. Institutional investors and hedge funds own 74.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stephens decreased their price target on Primis Financial from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th.

Primis Financial Stock Performance

FRST opened at $12.50 on Friday. The business has a fifty day simple moving average of $11.99 and a 200-day simple moving average of $11.46. The firm has a market cap of $309 million, a PE ratio of 13.30 and a beta of 0.75. Primis Financial Corp. has a fifty-two week low of $9.52 and a fifty-two week high of $13.69. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 0.31.

Primis Financial (NASDAQ:FRST) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.35). Primis Financial had a net margin of 7.31% and a return on equity of 4.65%. The firm had revenue of $66.40 million for the quarter. During the same quarter in the prior year, the company earned $0.32 EPS. As a group, equities analysts predict that Primis Financial Corp. will post 0.5 EPS for the current fiscal year.

Primis Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.10 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.40 annualized dividend and a dividend yield of 3.20%.

About Primis Financial

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.