The director of Primis Financial Corp. (NASDAQ:FRST) acquires $24,758.80 in shares
Primis Financial Corp. (NASDAQ: FRST – Get a rating) Director John Fitzgerald Biagas bought 1,870 shares of Primis Financial in a trade on Monday, May 9. The stock was purchased at an average price of $13.24 per share, for a total transaction of $24,758.80. Following completion of the transaction, the director now owns 55,851 shares of the company, valued at $739,467.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, available at this hyperlink.
John Fitzgerald Biagas also recently made the following trade(s):
- On Wednesday May 4, John Fitzgerald Biagas purchased 1,460 shares of Primis Financial. The shares were purchased at an average price of $13.68 per share, for a total transaction of $19,972.80.
Shares of FRST traded down $0.01 on Tuesday, hitting $13.30. 38,624 shares of the company were traded, against an average volume of 44,992. The company has a debt ratio of 0.47, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $327.49 million, a PE ratio of 12.31 and a beta of 0.93. The stock’s 50-day simple moving average is $13.92. Primis Financial Corp. has a 12-month low of $12.88 and a 12-month high of $16.54.
Primis Financial (NASDAQ: FRST – Get a rating) last released its quarterly results on Thursday, April 28. The company reported earnings per share of $0.19 for the quarter, missing analyst consensus estimates of $0.23 per ($0.04). Primis Financial had a return on equity of 6.94% and a net margin of 21.67%. During the same quarter of the previous year, the company achieved EPS of $0.39. As a group, stock analysts expect Primis Financial Corp. will show an EPS of 1.01 for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 27. Investors of record on Friday, May 13 will receive a dividend of $0.10 per share. This represents a dividend of $0.40 on an annualized basis and a dividend yield of 3.01%. The ex-date of this dividend is Thursday, May 12. Primis Financial’s dividend payout ratio (DPR) is 37.04%.
Several institutional investors and hedge funds have been buying and selling stocks recently. Citigroup Inc. increased its stake in Primis Financial to 78.2% in the third quarter. Citigroup Inc. now owns 2,616 shares of the company valued at $38,000 after buying 1,148 more shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Primis Financial in the fourth quarter valued at approximately $93,000. MetLife Investment Management LLC increased its stake in Primis Financial by 140.5% in the fourth quarter. MetLife Investment Management LLC now owns 8,503 shares of the company valued at $128,000 after purchasing an additional 4,967 shares last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Primis Financial in the fourth quarter worth approximately $156,000. Finally, Truist Financial Corp bought a new stake in Primis Financial in the third quarter worth about $163,000. 67.90% of the shares are held by institutional investors and hedge funds.
A number of equity analysts have recently published reports on FRST shares. TheStreet downgraded shares of Primis Financial from a ‘b’ rating to a ‘c+’ rating in a Friday, April 29 research report. Zacks Investment Research downgraded shares of Primis Financial from a “buy” rating to a “hold” rating in a research report Thursday, May 5.
About Primis Financial (Get a rating)
Primis Financial Corp. operates as a bank holding company for Primis Bank which provides a range of financial services to individuals and small and medium businesses in the United States. Its deposit products include checking, NOW, savings and money market accounts, as well as certificates of deposit.
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