Boston Partners Has $3.08 Million Stake in Primis Financial Corp. $FRST

Boston Partners trimmed its stake in Primis Financial Corp. (NASDAQ:FRST) by 1.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 284,090 shares of the company’s stock after selling 4,484 shares during the period. Boston Partners owned 1.15% of Primis Financial worth $3,082,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FRST. PNC Financial Services Group Inc. grew its holdings in Primis Financial by 154.8% during the second quarter. PNC Financial Services Group Inc. now owns 4,555 shares of the company’s stock valued at $49,000 after purchasing an additional 2,767 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Primis Financial during the 2nd quarter worth $122,000. MetLife Investment Management LLC grew its stake in Primis Financial by 13.9% in the 1st quarter. MetLife Investment Management LLC now owns 12,819 shares of the company’s stock valued at $125,000 after buying an additional 1,562 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Primis Financial by 11.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,072 shares of the company’s stock worth $128,000 after acquiring an additional 1,370 shares during the period. Finally, Jane Street Group LLC bought a new position in Primis Financial in the 1st quarter worth $220,000. Institutional investors own 74.96% of the company’s stock.

Analyst Ratings Changes

FRST has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Primis Financial in a report on Wednesday. Zacks Research raised Primis Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $1.00.

Primis Financial Stock Performance

NASDAQ FRST opened at $11.20 on Friday. The company’s fifty day moving average is $10.59 and its two-hundred day moving average is $10.65. Primis Financial Corp. has a 52-week low of $7.59 and a 52-week high of $12.60. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.98 and a quick ratio of 0.95. The firm has a market capitalization of $276.01 million, a price-to-earnings ratio of 80.00 and a beta of 0.86.

Primis Financial (NASDAQ:FRST) last released its earnings results on Thursday, October 23rd. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.04). Primis Financial had a net margin of 1.31% and a negative return on equity of 0.76%. The company had revenue of $41.00 million during the quarter, compared to the consensus estimate of $27.96 million. Equities research analysts forecast that Primis Financial Corp. will post 1.4 EPS for the current year.

Primis Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were given a $0.10 dividend. The ex-dividend date was Friday, November 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.6%. Primis Financial’s dividend payout ratio (DPR) is currently 285.71%.

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.