Primis Financial Corp. (NASDAQ:FRST) Shares Sold by Trexquant Investment LP

Trexquant Investment LP lowered its stake in Primis Financial Corp. (NASDAQ:FRST) by 35.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,468 shares of the company’s stock after selling 18,192 shares during the period. Trexquant Investment LP owned approximately 0.13% of Primis Financial worth $379,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FRST. Barclays PLC raised its position in Primis Financial by 243.8% during the 3rd quarter. Barclays PLC now owns 27,441 shares of the company’s stock worth $334,000 after buying an additional 19,460 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in 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. Rhumbline Advisers lifted its position in Primis Financial by 94.3% in the fourth quarter. Rhumbline Advisers now owns 70,869 shares of the company’s stock valued at $826,000 after purchasing an additional 34,394 shares during the period. JPMorgan Chase & Co. boosted its holdings in Primis Financial by 120.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 71,112 shares of the company’s stock valued at $866,000 after purchasing an additional 38,792 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Primis Financial by 12.8% during the 4th quarter. Victory Capital Management Inc. now owns 88,000 shares of the company’s stock worth $1,026,000 after purchasing an additional 10,000 shares during the period. Hedge funds and other institutional investors own 74.96% of the company’s stock.

Insider Buying and Selling at Primis Financial

In other news, Director John Fitzgerald Biagas purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $9.97 per share, for a total transaction of $99,700.00. Following the completion of the transaction, the director now directly owns 88,469 shares in the company, valued at $882,035.93. This represents a 12.74 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders purchased 12,025 shares of company stock valued at $122,058. Corporate insiders own 10.89% of the company’s stock.

Primis Financial Stock Down 0.7 %

FRST opened at $7.94 on Monday. The business has a 50 day simple moving average of $10.01 and a 200-day simple moving average of $11.17. Primis Financial Corp. has a 12 month low of $7.75 and a 12 month high of $13.52. The stock has a market capitalization of $196.30 million, a P/E ratio of -26.47 and a beta of 0.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.99 and a quick ratio of 0.86.

Primis Financial (NASDAQ:FRST) last released its earnings results on Tuesday, January 28th. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.76). Primis Financial had a negative net margin of 2.97% and a negative return on equity of 2.05%. On average, equities analysts anticipate that Primis Financial Corp. will post 1.4 earnings per share for the current fiscal year.

Primis Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.40 annualized dividend and a yield of 5.04%. Primis Financial’s payout ratio is currently -133.33%.

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.