Primis Financial Corp. (NASDAQ:FRST) Holdings Increased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its stake in Primis Financial Corp. (NASDAQ:FRST) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,617 shares of the company’s stock after acquiring an additional 3,346 shares during the period. Segall Bryant & Hamill LLC’s holdings in Primis Financial were worth $2,224,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FRST. Inspire Investing LLC bought a new position in Primis Financial during the 3rd quarter valued at $828,000. Jacobs Levy Equity Management Inc. boosted its stake in Primis Financial by 103.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 124,757 shares of the company’s stock valued at $1,518,000 after buying an additional 63,582 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Primis Financial by 22.6% during the second quarter. Acadian Asset Management LLC now owns 178,312 shares of the company’s stock worth $1,867,000 after acquiring an additional 32,896 shares during the period. Dimensional Fund Advisors LP raised its position in Primis Financial by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,104,475 shares of the company’s stock worth $11,574,000 after acquiring an additional 23,653 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Primis Financial by 32.1% in the 2nd quarter. Victory Capital Management Inc. now owns 74,000 shares of the company’s stock valued at $776,000 after acquiring an additional 18,000 shares during the last quarter. Institutional investors and hedge funds own 74.96% of the company’s stock.

Primis Financial Stock Performance

FRST opened at $12.63 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 0.31. The firm has a market cap of $312.21 million, a PE ratio of 13.20 and a beta of 0.75. The business has a fifty day simple moving average of $11.94 and a 200-day simple moving average of $11.42. Primis Financial Corp. has a fifty-two week low of $9.52 and a fifty-two week high of $13.69.

Primis Financial (NASDAQ:FRST) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.35). The company had revenue of $66.40 million during the quarter. Primis Financial had a net margin of 7.31% and a return on equity of 4.65%. During the same period last year, the business earned $0.32 EPS. As a group, equities analysts predict that Primis Financial Corp. will post 0.5 EPS for the current fiscal year.

Primis Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.17%.

Analyst Upgrades and Downgrades

Separately, Stephens dropped their target price on shares of Primis Financial from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th.

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.