Renaissance Technologies LLC Purchases 47,900 Shares of Primis Financial Corp. (NASDAQ:FRST)

Renaissance Technologies LLC grew its holdings in shares of Primis Financial Corp. (NASDAQ:FRST) by 14.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 389,513 shares of the company’s stock after purchasing an additional 47,900 shares during the quarter. Renaissance Technologies LLC owned about 1.58% of Primis Financial worth $4,542,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of FRST. State Street Corp boosted its holdings in Primis Financial by 2.6% in the 3rd quarter. State Street Corp now owns 423,407 shares of the company’s stock worth $5,157,000 after buying an additional 10,923 shares during the period. Barclays PLC boosted its holdings in shares of Primis Financial by 243.8% in the third quarter. Barclays PLC now owns 27,441 shares of the company’s stock worth $334,000 after acquiring an additional 19,460 shares during the period. Geode Capital Management LLC grew its position in shares of Primis Financial by 2.3% in the third quarter. Geode Capital Management LLC now owns 466,212 shares of the company’s stock valued at $5,679,000 after purchasing an additional 10,656 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Primis Financial by 120.0% during 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 during the period. Finally, Rhumbline Advisers raised its stake in shares of Primis Financial by 94.3% during the 4th 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. Hedge funds and other institutional investors own 74.96% of the company’s stock.

Insider Activity at Primis Financial

In related news, Director John Fitzgerald Biagas bought 10,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost 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 trade represents a 12.74 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders acquired 12,025 shares of company stock valued at $122,058. Company insiders own 10.89% of the company’s stock.

Primis Financial Price Performance

Shares of NASDAQ FRST opened at $8.17 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.99 and a debt-to-equity ratio of 0.24. The company has a market cap of $201.99 million, a P/E ratio of -27.23 and a beta of 0.59. Primis Financial Corp. has a 52 week low of $7.75 and a 52 week high of $13.52. The business has a 50-day simple moving average of $9.66 and a two-hundred day simple moving average of $11.01.

Primis Financial (NASDAQ:FRST) last issued its quarterly earnings data on Tuesday, January 28th. The company reported ($0.65) EPS for the quarter, missing the consensus estimate 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%. Research analysts anticipate that Primis Financial Corp. will post 1.4 earnings per share for the current fiscal year.

Primis Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.90%. Primis Financial’s dividend payout ratio (DPR) is presently -133.33%.

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.