GSA Capital Partners LLP Sells 10,006 Shares of Primis Financial Corp. (NASDAQ:FRST)

GSA Capital Partners LLP lowered its position in Primis Financial Corp. (NASDAQ:FRST) by 21.2% in the 3rd quarter, Holdings Channel reports. The firm owned 37,238 shares of the company’s stock after selling 10,006 shares during the quarter. GSA Capital Partners LLP’s holdings in Primis Financial were worth $454,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FRST. Princeton Capital Management LLC bought a new stake in shares of Primis Financial during the second quarter valued at approximately $105,000. Mackenzie Financial Corp bought a new stake in shares of Primis Financial during the second quarter valued at approximately $106,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Primis Financial during the second quarter valued at approximately $144,000. AQR Capital Management LLC increased its holdings in Primis Financial by 55.1% during the second quarter. AQR Capital Management LLC now owns 19,097 shares of the company’s stock valued at $200,000 after buying an additional 6,783 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in Primis Financial by 4.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 33,693 shares of the company’s stock valued at $411,000 after buying an additional 1,348 shares during the period. Institutional investors own 74.96% of the company’s stock.

Primis Financial Stock Performance

Shares of FRST stock opened at $12.21 on Thursday. The firm has a market cap of $301.87 million, a price-to-earnings ratio of 11.10 and a beta of 0.75. The company’s 50 day moving average is $11.89 and its 200 day moving average is $11.39. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 0.31. Primis Financial Corp. has a 52-week low of $9.52 and a 52-week high of $13.69.

Primis Financial (NASDAQ:FRST) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.35). Primis Financial had a net margin of 7.31% and a return on equity of 4.65%. The business had revenue of $66.40 million for the quarter. During the same quarter last year, the firm posted $0.32 earnings per share. On average, sell-side analysts anticipate that Primis Financial Corp. will post 0.5 EPS for the current fiscal year.

Primis Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.28%. The ex-dividend date is Friday, November 8th. Primis Financial’s dividend payout ratio is currently 36.36%.

Analysts Set New Price Targets

Separately, Stephens cut their price objective 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.

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.