Public Employees Retirement System of Ohio Lowers Holdings in Primis Financial Corp. $FRST

Public Employees Retirement System of Ohio trimmed its position in Primis Financial Corp. (NASDAQ:FRST) by 35.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,253 shares of the company’s stock after selling 2,314 shares during the period. Public Employees Retirement System of Ohio’s holdings in Primis Financial were worth $46,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in Primis Financial by 3,268.0% in the 1st quarter. GAMMA Investing LLC now owns 6,096 shares of the company’s stock valued at $624,000 after buying an additional 5,915 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Primis Financial by 13.9% during the 1st quarter. MetLife Investment Management LLC now owns 12,819 shares of the company’s stock worth $125,000 after purchasing an additional 1,562 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Primis Financial by 11.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,072 shares of the company’s stock worth $128,000 after purchasing an additional 1,370 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Primis Financial during the 1st quarter worth $220,000. Finally, AQR Capital Management LLC boosted its position in shares of Primis Financial by 25.5% during the 1st quarter. AQR Capital Management LLC now owns 23,904 shares of the company’s stock worth $234,000 after purchasing an additional 4,864 shares in the last quarter. 74.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Primis Financial in a research report on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $7.50.

Primis Financial Trading Down 0.2%

NASDAQ:FRST opened at $10.64 on Wednesday. The company has a market capitalization of $262.17 million, a PE ratio of -118.22 and a beta of 0.81. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.26. Primis Financial Corp. has a 52-week low of $7.59 and a 52-week high of $12.95. The stock has a fifty day simple moving average of $10.98 and a 200-day simple moving average of $10.16.

Primis Financial (NASDAQ:FRST) last announced its earnings results on Thursday, July 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.13). Primis Financial had a negative net margin of 0.93% and a negative return on equity of 2.02%. The firm had revenue of $42.36 million during the quarter, compared to analyst estimates of $28.13 million. On average, equities research analysts expect that Primis Financial Corp. will post 1.4 earnings per share for the current fiscal year.

Primis Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.40 annualized dividend and a yield of 3.8%. Primis Financial’s payout ratio is presently -444.44%.

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.