Victory Capital Management Inc. Has $950,000 Holdings in Primis Financial Corp. (NASDAQ:FRST)

Victory Capital Management Inc. boosted its stake in Primis Financial Corp. (NASDAQ:FRST) by 5.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,000 shares of the company’s stock after buying an additional 4,000 shares during the quarter. Victory Capital Management Inc. owned approximately 0.32% of Primis Financial worth $950,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Princeton Capital Management LLC acquired a new stake in Primis Financial in the 2nd quarter valued at $105,000. Mackenzie Financial Corp acquired a new stake in Primis Financial in the 2nd quarter valued at $106,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Primis Financial in the 2nd quarter valued at $144,000. AQR Capital Management LLC boosted its stake in Primis Financial by 55.1% in the 2nd quarter. AQR Capital Management LLC now owns 19,097 shares of the company’s stock valued at $200,000 after buying an additional 6,783 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Primis Financial by 4.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,693 shares of the company’s stock valued at $411,000 after buying an additional 1,348 shares in the last quarter. Institutional investors and hedge funds own 74.96% of the company’s stock.

Primis Financial Trading Down 0.7 %

Shares of FRST opened at $12.50 on Thursday. The stock has a fifty day moving average price of $11.97 and a two-hundred day moving average price of $11.45. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.98 and a current ratio of 1.00. Primis Financial Corp. has a 52-week low of $9.52 and a 52-week high of $13.69. The company has a market cap of $309 million, a price-to-earnings ratio of 13.56 and a beta of 0.75.

Primis Financial (NASDAQ:FRST) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.35). Primis Financial had a net margin of 7.31% and a return on equity of 4.65%. The business had revenue of $66.40 million during the quarter. During the same period last year, the firm posted $0.32 EPS. Analysts predict that Primis Financial Corp. will post 0.5 EPS for the current fiscal year.

Primis Financial Announces Dividend

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

Wall Street Analyst Weigh In

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

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.