Victory Capital Management Inc. Purchases 18,000 Shares of Primis Financial Corp. (NASDAQ:FRST)

Victory Capital Management Inc. boosted its position in shares of Primis Financial Corp. (NASDAQ:FRST) by 32.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,000 shares of the company’s stock after acquiring an additional 18,000 shares during the quarter. Victory Capital Management Inc. owned 0.30% of Primis Financial worth $776,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Princeton Capital Management LLC bought a new position in shares of Primis Financial in the second quarter valued at about $105,000. Panagora Asset Management Inc. acquired a new position in shares of Primis Financial in the fourth quarter valued at about $275,000. Price T Rowe Associates Inc. MD grew its stake in shares of Primis Financial by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 33,693 shares of the company’s stock valued at $411,000 after acquiring an additional 1,348 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Primis Financial by 8.1% in the first quarter. Empowered Funds LLC now owns 48,365 shares of the company’s stock valued at $589,000 after acquiring an additional 3,609 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Primis Financial in the fourth quarter valued at about $661,000. 74.96% of the stock is owned by institutional investors.

Primis Financial Stock Performance

FRST stock opened at $12.55 on Friday. The company’s 50-day simple moving average is $11.98 and its 200 day simple moving average is $11.22. Primis Financial Corp. has a 52 week low of $7.54 and a 52 week high of $13.69. The company has a market capitalization of $309.76 million, a PE ratio of 14.59 and a beta of 0.75.

Primis Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.40 annualized dividend and a dividend yield of 3.19%. Primis Financial’s dividend payout ratio (DPR) is presently 46.51%.

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.