Renaissance Technologies LLC Increases Holdings in Primis Financial Corp. (NASDAQ:FRST)

Renaissance Technologies LLC increased its stake in Primis Financial Corp. (NASDAQ:FRST) by 3.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 353,813 shares of the company’s stock after buying an additional 12,900 shares during the quarter. Renaissance Technologies LLC owned 1.43% of Primis Financial worth $3,708,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. raised its stake in shares of Primis Financial by 103.9% in 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 during the period. Acadian Asset Management LLC bought a new stake in Primis Financial in the 1st quarter valued at about $1,768,000. RMB Capital Management LLC lifted its holdings in Primis Financial by 51.6% during the fourth quarter. RMB Capital Management LLC now owns 909,654 shares of the company’s stock valued at $11,516,000 after purchasing an additional 309,654 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in Primis Financial by 125.1% during the first quarter. Hillsdale Investment Management Inc. now owns 204,980 shares of the company’s stock worth $2,495,000 after purchasing an additional 113,911 shares during the period. Finally, LSV Asset Management increased its stake in shares of Primis Financial by 7.6% in the first quarter. LSV Asset Management now owns 127,800 shares of the company’s stock worth $1,555,000 after purchasing an additional 9,078 shares in the last quarter. Institutional investors own 74.96% of the company’s stock.

Primis Financial Trading Up 0.2 %

Shares of FRST stock opened at $12.07 on Monday. The firm’s 50 day moving average is $11.96 and its 200 day moving average is $11.20. The stock has a market capitalization of $297.91 million, a P/E ratio of 14.03 and a beta of 0.75. Primis Financial Corp. has a 12 month low of $7.54 and a 12 month high of $13.69.

Primis Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Friday, August 9th. Primis Financial’s payout ratio is currently 46.51%.

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.