GSA Capital Partners LLP Buys Shares of 77,480 Primis Financial Corp. $FRST

GSA Capital Partners LLP purchased a new position in Primis Financial Corp. (NASDAQ:FRST) in the second quarter, HoldingsChannel reports. The institutional investor purchased 77,480 shares of the company’s stock, valued at approximately $1,268,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Segall Bryant & Hamill LLC purchased a new stake in shares of Primis Financial during the 1st quarter valued at $1,303,000. Maltese Capital Management LLC lifted its holdings in shares of Primis Financial by 4.0% during the 4th quarter. Maltese Capital Management LLC now owns 1,026,500 shares of the company’s stock worth $14,279,000 after acquiring an additional 39,582 shares during the last quarter. Commonwealth Retirement Investments LLC purchased a new position in Primis Financial in the fourth quarter worth $82,000. Hillsdale Investment Management Inc. purchased a new position in Primis Financial in the fourth quarter worth $419,000. Finally, Russell Investments Group Ltd. increased its stake in Primis Financial by 290.2% in the third quarter. Russell Investments Group Ltd. now owns 2,345 shares of the company’s stock valued at $25,000 after acquiring an additional 1,744 shares during the last quarter. Hedge funds and other institutional investors own 74.96% of the company’s stock.

Primis Financial Trading Down 0.1%

FRST opened at $16.64 on Tuesday. The business has a 50 day simple moving average of $15.93 and a two-hundred day simple moving average of $14.57. The firm has a market capitalization of $412.67 million, a price-to-earnings ratio of 7.70 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.02 and a quick ratio of 0.96. Primis Financial Corp. has a one year low of $9.55 and a one year high of $16.88.

Primis Financial (NASDAQ:FRST) last announced its earnings results on Thursday, July 23rd. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.15). Primis Financial had a net margin of 19.19% and a return on equity of 5.49%. The business had revenue of $55.79 million for the quarter, compared to the consensus estimate of $48.77 million. Analysts predict that Primis Financial Corp. will post 1.38 EPS for the current year.

Primis Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be issued a $0.10 dividend. The ex-dividend date is Friday, August 7th. This represents a $0.40 annualized dividend and a yield of 2.4%. Primis Financial’s dividend payout ratio is 18.52%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Raymond James Financial assumed coverage on Primis Financial in a report on Thursday, June 25th. They set a “strong-buy” rating and a $19.00 price objective on the stock. Weiss Ratings raised Primis Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods initiated coverage on shares of Primis Financial in a research report on Monday, April 20th. They set an “outperform” rating and a $17.00 price target on the stock. Finally, Wall Street Zen cut shares of Primis Financial from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $18.00.

Primis Financial Profile

Primis Financial Corporation is a bank holding company headquartered in Waycross, Georgia, operating through its wholly owned subsidiary, Primis Bank. The company offers a full suite of commercial and retail banking services tailored to meet the needs of individuals, small businesses, and agricultural clients across its service area. Primis Bank focuses on building relationships within the communities it serves, positioning itself as a local financial partner for deposit-taking, lending, and treasury management solutions.

Primis Bank maintains a network of branch offices throughout southeastern Georgia, serving a combination of rural and suburban markets.