Barclays PLC Has $334,000 Position in Primis Financial Corp. (NASDAQ:FRST)

Barclays PLC lifted its holdings in shares of Primis Financial Corp. (NASDAQ:FRST) by 243.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,441 shares of the company’s stock after buying an additional 19,460 shares during the period. Barclays PLC owned about 0.11% of Primis Financial worth $334,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in Primis Financial by 2.3% during the third quarter. Geode Capital Management LLC now owns 466,212 shares of the company’s stock valued at $5,679,000 after purchasing an additional 10,656 shares during the last quarter. State Street Corp boosted its holdings in shares of Primis Financial by 2.6% in the 3rd quarter. State Street Corp now owns 423,407 shares of the company’s stock valued at $5,157,000 after buying an additional 10,923 shares during the last quarter. Fourthstone LLC grew its stake in shares of Primis Financial by 271.5% in the third quarter. Fourthstone LLC now owns 247,194 shares of the company’s stock valued at $3,011,000 after buying an additional 180,655 shares in the last quarter. De Lisle Partners LLP raised its position in Primis Financial by 109.5% during the third quarter. De Lisle Partners LLP now owns 21,016 shares of the company’s stock worth $256,000 after acquiring an additional 10,986 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Primis Financial by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 59,324 shares of the company’s stock valued at $723,000 after acquiring an additional 2,708 shares during the period. Institutional investors own 74.96% of the company’s stock.

Analyst Ratings Changes

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

Primis Financial Trading Up 0.8 %

Shares of Primis Financial stock opened at $11.31 on Monday. Primis Financial Corp. has a 1 year low of $9.52 and a 1 year high of $13.69. The company has a market capitalization of $279.58 million, a price-to-earnings ratio of 11.27 and a beta of 0.79. The business has a fifty day simple moving average of $11.93 and a two-hundred day simple moving average of $11.86. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.99 and a quick ratio of 0.86.

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). The company had revenue of $66.40 million during the quarter. Primis Financial had a net margin of 6.00% and a return on equity of 3.28%. During the same quarter in the prior year, the business posted $0.32 EPS. Research analysts forecast that Primis Financial Corp. will post 0.5 EPS for the current year.

Primis Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Friday, November 8th.

Insiders Place Their Bets

In related news, Director F L. Garrett III purchased 3,660 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $12.32 per share, for a total transaction of $45,091.20. Following the completion of the transaction, the director now owns 41,169 shares of the company’s stock, valued at approximately $507,202.08. This trade represents a 9.76 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 10.89% of the company’s stock.

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.