Northwestern Mutual Wealth Management Co. Invests $144,000 in Primis Financial Corp. (NASDAQ:FRST)

Northwestern Mutual Wealth Management Co. acquired a new stake in Primis Financial Corp. (NASDAQ:FRST) during the second quarter, according to its most recent filing with the SEC. The firm acquired 13,780 shares of the company’s stock, valued at approximately $144,000. Northwestern Mutual Wealth Management Co. owned about 0.06% of Primis Financial at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FRST. Jacobs Levy Equity Management Inc. boosted its holdings 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 acquiring an additional 63,582 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Primis Financial during the 1st quarter worth approximately $1,768,000. Hillsdale Investment Management Inc. raised its stake in shares of Primis Financial by 125.1% during the 1st quarter. Hillsdale Investment Management Inc. now owns 204,980 shares of the company’s stock worth $2,495,000 after buying an additional 113,911 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Primis Financial by 7.6% in the 1st quarter. LSV Asset Management now owns 127,800 shares of the company’s stock valued at $1,555,000 after buying an additional 9,078 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Primis Financial by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,107,530 shares of the company’s stock valued at $13,479,000 after buying an additional 7,312 shares during the period. 74.96% of the stock is owned by institutional investors and hedge funds.

Primis Financial Price Performance

Shares of FRST stock opened at $11.49 on Friday. The business’s fifty day moving average price is $11.74 and its 200 day moving average price is $11.19. The firm has a market capitalization of $283.57 million, a PE ratio of 13.36 and a beta of 0.75. Primis Financial Corp. has a 1-year low of $7.54 and a 1-year high of $13.69.

Primis Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend was Friday, August 9th. Primis Financial’s dividend payout ratio (DPR) is 46.51%.

Primis Financial Company 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.