Primis Financial Corp. (NASDAQ:FRST - Get Free Report) Director John Fitzgerald Biagas bought 10,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $9.97 per share, for a total transaction of $99,700.00. Following the completion of the purchase, the director now directly owns 88,469 shares in the company, valued at $882,035.93. The trade was a 12.74 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
John Fitzgerald Biagas also recently made the following trade(s):
- On Monday, February 3rd, John Fitzgerald Biagas purchased 1,805 shares of Primis Financial stock. The shares were acquired at an average price of $11.04 per share, with a total value of $19,927.20.
Primis Financial Stock Performance
NASDAQ:FRST opened at $9.84 on Friday. The firm's 50-day moving average is $10.84 and its 200-day moving average is $11.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.86 and a current ratio of 0.99. The company has a market cap of $243.27 million, a price-to-earnings ratio of -32.80 and a beta of 0.78. Primis Financial Corp. has a 52-week low of $9.52 and a 52-week high of $13.52.
Primis Financial (NASDAQ:FRST - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.76). Primis Financial had a negative return on equity of 2.05% and a negative net margin of 2.97%. Equities research analysts anticipate that Primis Financial Corp. will post 1.4 earnings per share for the current year.
Primis Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $0.10 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.40 annualized dividend and a yield of 4.07%. Primis Financial's payout ratio is -133.33%.
Hedge Funds Weigh In On Primis Financial
A number of large investors have recently modified their holdings of FRST. Citadel Advisors LLC raised its stake in shares of Primis Financial by 53.1% during the fourth quarter. Citadel Advisors LLC now owns 72,326 shares of the company's stock worth $843,000 after buying an additional 25,086 shares during the last quarter. Cary Street Partners Financial LLC bought a new position in shares of Primis Financial in the fourth quarter valued at $778,000. Bank of America Corp DE boosted its stake in shares of Primis Financial by 39.3% during the 4th quarter. Bank of America Corp DE now owns 26,039 shares of the company's stock worth $304,000 after acquiring an additional 7,350 shares during the period. BNP Paribas Financial Markets acquired a new stake in Primis Financial during the 4th quarter worth approximately $51,000. Finally, Oxford Asset Management LLP acquired a new stake in shares of Primis Financial in the fourth quarter valued at approximately $162,000. 74.96% of the stock is currently owned by institutional investors and hedge funds.
Primis Financial Company Profile
(
Get 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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