Mendon Capital Advisors Corp Cuts Holdings in Primis Financial Corp. (NASDAQ:FRST)

Mendon Capital Advisors Corp lessened its position in shares of Primis Financial Corp. (NASDAQ:FRST) by 94.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,863 shares of the company’s stock after selling 854,791 shares during the period. Mendon Capital Advisors Corp owned approximately 0.22% of Primis Financial worth $575,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. lifted its stake in shares of Primis Financial by 103.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 124,757 shares of the company’s stock valued at $1,518,000 after purchasing an additional 63,582 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Primis Financial during the first quarter valued at approximately $1,768,000. RMB Capital Management LLC grew its stake in Primis Financial by 51.6% during the fourth quarter. RMB Capital Management LLC now owns 909,654 shares of the company’s stock worth $11,516,000 after buying an additional 309,654 shares during the period. Hillsdale Investment Management Inc. increased its position in shares of Primis Financial by 125.1% in the first quarter. Hillsdale Investment Management Inc. now owns 204,980 shares of the company’s stock worth $2,495,000 after acquiring an additional 113,911 shares in the last quarter. Finally, LSV Asset Management raised its stake in shares of Primis Financial by 7.6% in the 1st quarter. LSV Asset Management now owns 127,800 shares of the company’s stock valued at $1,555,000 after acquiring an additional 9,078 shares during the period. 74.96% of the stock is currently owned by institutional investors and hedge funds.

Primis Financial Trading Down 2.7 %

Shares of Primis Financial stock opened at $11.85 on Wednesday. Primis Financial Corp. has a twelve month low of $7.54 and a twelve month high of $13.69. The stock has a market cap of $292.46 million, a price-to-earnings ratio of 13.78 and a beta of 0.75. The company has a fifty day moving average price of $11.94 and a 200 day moving average price of $11.20.

Primis Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.38%. Primis Financial’s dividend payout ratio (DPR) is currently 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.