Inspire Investing LLC Takes Position in Primis Financial Corp. (NASDAQ:FRST)

Inspire Investing LLC acquired a new position in Primis Financial Corp. (NASDAQ:FRST) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 67,957 shares of the company’s stock, valued at approximately $828,000.

Other hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC purchased a new position in shares of Primis Financial during the first quarter valued at approximately $1,768,000. Hillsdale Investment Management Inc. boosted its stake in shares of Primis Financial by 125.1% in the 1st quarter. Hillsdale Investment Management Inc. now owns 204,980 shares of the company’s stock worth $2,495,000 after buying an additional 113,911 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Primis Financial by 103.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 124,757 shares of the company’s stock worth $1,518,000 after acquiring an additional 63,582 shares during the period. Quadrature Capital Ltd purchased a new stake in Primis Financial during the fourth quarter valued at $661,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Primis Financial by 2.2% in the second 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 during the period. Hedge funds and other institutional investors own 74.96% of the company’s stock.

Primis Financial Stock Up 2.3 %

Primis Financial stock opened at $12.00 on Tuesday. Primis Financial Corp. has a 52-week low of $7.54 and a 52-week high of $13.69. The company has a market cap of $296.18 million, a P/E ratio of 13.95 and a beta of 0.75. The business has a 50-day simple moving average of $11.75 and a two-hundred day simple moving average of $11.18.

Primis Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, August 9th. This represents a $0.40 dividend on an annualized basis and a yield of 3.33%. Primis Financial’s dividend payout ratio is currently 46.51%.

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.