Primis Financial Corp. (NASDAQ:FRST) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in shares of Primis Financial Corp. (NASDAQ:FRSTFree Report) by 120.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,112 shares of the company’s stock after buying an additional 38,792 shares during the period. JPMorgan Chase & Co. owned approximately 0.29% of Primis Financial worth $866,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Mackenzie Financial Corp acquired a new stake in shares of Primis Financial in the 2nd quarter worth approximately $106,000. Northwestern Mutual Wealth Management Co. bought a new stake in Primis Financial during the second quarter worth approximately $144,000. AQR Capital Management LLC lifted its position in Primis Financial by 55.1% in 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 during the period. De Lisle Partners LLP boosted its stake in Primis Financial by 109.5% during the 3rd quarter. De Lisle Partners LLP now owns 21,016 shares of the company’s stock valued at $256,000 after purchasing an additional 10,986 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Primis Financial by 243.8% during the 3rd quarter. Barclays PLC now owns 27,441 shares of the company’s stock valued at $334,000 after purchasing an additional 19,460 shares during the period. 74.96% of the stock is owned by institutional investors.

Primis Financial Stock Performance

NASDAQ:FRST opened at $11.36 on Friday. The company has a 50-day moving average of $11.84 and a 200-day moving average of $11.88. The firm has a market cap of $280.82 million, a price-to-earnings ratio of 11.87 and a beta of 0.79. The company has a current ratio of 0.99, a quick ratio of 0.86 and a debt-to-equity ratio of 0.24. Primis Financial Corp. has a twelve month low of $9.52 and a twelve month high of $13.69.

Primis Financial (NASDAQ:FRSTGet Free Report) last issued its earnings results on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.35). Primis Financial had a return on equity of 3.28% and a net margin of 6.00%. The business had revenue of $66.40 million for the quarter. During the same period last year, the firm earned $0.32 EPS. Analysts forecast that Primis Financial Corp. will post 0.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Check Out Our Latest Analysis on FRST

Insider Buying and Selling

In related news, Director F L. Garrett III bought 3,660 shares of Primis Financial stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $12.32 per share, with a total value of $45,091.20. Following the completion of the acquisition, the director now directly owns 41,169 shares in the company, valued at approximately $507,202.08. This trade represents a 9.76 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 10.89% of the company’s stock.

About Primis Financial

(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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Institutional Ownership by Quarter for Primis Financial (NASDAQ:FRST)

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