Mackenzie Financial Corp Purchases Shares of 10,132 Primis Financial Corp. (NASDAQ:FRST)

Mackenzie Financial Corp purchased a new stake in Primis Financial Corp. (NASDAQ:FRST) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,132 shares of the company’s stock, valued at approximately $106,000.

Other hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in shares of Primis Financial by 55.1% during the 2nd 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. Renaissance Technologies LLC lifted its holdings in Primis Financial by 3.8% in the second quarter. Renaissance Technologies LLC now owns 353,813 shares of the company’s stock worth $3,708,000 after buying an additional 12,900 shares during the period. Dimensional Fund Advisors LP boosted its position in Primis Financial by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,104,475 shares of the company’s stock valued at $11,574,000 after acquiring an additional 23,653 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Primis Financial by 1.1% during the 2nd quarter. American Century Companies Inc. now owns 130,093 shares of the company’s stock worth $1,363,000 after acquiring an additional 1,410 shares during the period. Finally, LSV Asset Management raised its position in shares of Primis Financial by 4.4% in the 2nd quarter. LSV Asset Management now owns 133,400 shares of the company’s stock worth $1,398,000 after acquiring an additional 5,600 shares in the last quarter. 74.96% of the stock is owned by hedge funds and other institutional investors.

Primis Financial Stock Down 0.9 %

NASDAQ FRST opened at $11.56 on Tuesday. The firm has a market capitalization of $285.32 million, a PE ratio of 13.44 and a beta of 0.75. The stock’s 50 day moving average is $11.86 and its 200 day moving average is $11.19. Primis Financial Corp. has a twelve month low of $7.54 and a twelve month high of $13.69.

Primis Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Friday, August 9th. Primis Financial’s payout ratio is 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.