John Fitzgerald Biagas Purchases 10,000 Shares of Primis Financial Corp. (NASDAQ:FRST) Stock

Primis Financial Corp. (NASDAQ:FRST) Director John Fitzgerald Biagas purchased 10,000 shares of the stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $9.97 per share, with a total value of $99,700.00. Following the acquisition, the director now directly owns 88,469 shares in the company, valued at $882,035.93. This represents a 12.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

John Fitzgerald Biagas also recently made the following trade(s):

• On Monday, February 3rd, John Fitzgerald Biagas acquired 1,805 shares of Primis Financial stock. The shares were purchased at an average cost of $11.04 per share, with a total value of $19,927.20.

Primis Financial Stock Up 2.5 %

Primis Financial stock opened at $10.09 on Friday. The stock’s fifty day moving average is $10.81 and its two-hundred day moving average is $11.56. The stock has a market cap of $249.46 million, a PE ratio of -33.63 and a beta of 0.78. Primis Financial Corp. has a 1-year low of $9.52 and a 1-year high of $13.52. 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 posted its earnings results on Tuesday, January 28th. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.76). Primis Financial had a negative return on equity of 2.05% and a negative net margin of 2.97%. On average, sell-side analysts expect that Primis Financial Corp. will post 1.4 EPS for the current fiscal year.

Primis Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend was Wednesday, February 12th. Primis Financial’s dividend payout ratio (DPR) is -133.33%.

Institutional Investors Weigh In On Primis Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its position in shares of Primis Financial by 4.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,968 shares of the company’s stock worth $362,000 after purchasing an additional 1,405 shares in the last quarter. Wells Fargo & Company MN increased its position in Primis Financial by 25.7% during the fourth quarter. Wells Fargo & Company MN now owns 12,639 shares of the company’s stock worth $147,000 after buying an additional 2,585 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Primis Financial by 4.8% in the third 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. Segall Bryant & Hamill LLC grew its position in shares of Primis Financial by 1.9% during the third quarter. Segall Bryant & Hamill LLC now owns 182,617 shares of the company’s stock worth $2,224,000 after acquiring an additional 3,346 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Primis Financial by 5.4% during the third quarter. Victory Capital Management Inc. now owns 78,000 shares of the company’s stock worth $950,000 after acquiring an additional 4,000 shares during the last quarter. 74.96% of the stock is owned by hedge funds and other institutional investors.

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.