GSA Capital Partners LLP Cuts Stock Position in Primis Financial Corp. (NASDAQ:FRST)

GSA Capital Partners LLP lessened its holdings in Primis Financial Corp. (NASDAQ:FRST) by 21.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 37,238 shares of the company’s stock after selling 10,006 shares during the period. GSA Capital Partners LLP owned 0.15% of Primis Financial worth $454,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of 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 purchasing an additional 1,348 shares in the last quarter. American Century Companies Inc. grew its position in shares of Primis Financial by 1.1% during the second quarter. American Century Companies Inc. now owns 130,093 shares of the company’s stock valued at $1,363,000 after purchasing an additional 1,410 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Primis Financial by 2.8% during the second quarter. Bank of New York Mellon Corp now owns 148,121 shares of the company’s stock valued at $1,552,000 after purchasing an additional 4,001 shares in the last quarter. LSV Asset Management grew its position in shares of Primis Financial by 4.4% during the second quarter. LSV Asset Management now owns 133,400 shares of the company’s stock valued at $1,398,000 after purchasing an additional 5,600 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of 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 purchasing an additional 6,783 shares in the last quarter. Hedge funds and other institutional investors own 74.96% of the company’s stock.

Primis Financial Stock Down 0.2 %

Shares of NASDAQ:FRST opened at $12.21 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.31. Primis Financial Corp. has a 12 month low of $9.52 and a 12 month high of $13.69. The company has a 50-day moving average price of $11.89 and a 200 day moving average price of $11.39. The company has a market cap of $301.87 million, a price-to-earnings ratio of 11.10 and a beta of 0.75.

Primis Financial (NASDAQ:FRST) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter. During the same period last year, the firm posted $0.32 earnings per share. As a group, equities research analysts predict that Primis Financial Corp. will post 0.5 earnings per share for the current year.

Primis Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid 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 payout ratio is currently 36.36%.

Analysts Set New Price Targets

Separately, Stephens cut their price objective on Primis Financial from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th.

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.