De Lisle Partners LLP Grows Stock Holdings in Primis Financial Corp. (NASDAQ:FRST)

De Lisle Partners LLP grew its holdings in Primis Financial Corp. (NASDAQ:FRST) by 109.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,016 shares of the company’s stock after acquiring an additional 10,986 shares during the period. De Lisle Partners LLP owned about 0.09% of Primis Financial worth $256,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FRST. Jacobs Levy Equity Management Inc. raised its position in Primis Financial by 103.9% in the first 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 during the period. Foundry Partners LLC lifted its position in Primis Financial by 14.5% during the 3rd quarter. Foundry Partners LLC now owns 393,575 shares of the company’s stock worth $4,794,000 after acquiring an additional 49,735 shares in the last quarter. Inspire Investing LLC acquired a new position in Primis Financial during the 3rd quarter worth approximately $828,000. Vanguard Group Inc. lifted its position in shares of Primis Financial by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,107,530 shares of the company’s stock worth $13,479,000 after purchasing an additional 7,312 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in shares of Primis Financial by 13.5% in the second quarter. Panagora Asset Management Inc. now owns 70,578 shares of the company’s stock valued at $740,000 after purchasing an additional 8,398 shares during the period. Institutional investors and hedge funds own 74.96% of the company’s stock.

Analyst Ratings Changes

Separately, Stephens decreased their price objective on shares of 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 Stock Down 0.7 %

FRST stock opened at $12.50 on Friday. Primis Financial Corp. has a twelve month low of $9.52 and a twelve month high of $13.69. The company has a current ratio of 1.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $309 million, a P/E ratio of 13.30 and a beta of 0.75. The firm has a 50 day simple moving average of $11.99 and a 200-day simple moving average of $11.46.

Primis Financial (NASDAQ:FRST) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.35). The firm had revenue of $66.40 million for the quarter. Primis Financial had a net margin of 7.31% and a return on equity of 4.65%. During the same quarter in the prior year, the company posted $0.32 earnings per share. On average, equities research analysts predict that Primis Financial Corp. will post 0.5 earnings per share for the current fiscal year.

Primis Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Friday, November 8th.

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.