Primis Financial Corp. (NASDAQ:FRST) Shares Sold by Curi RMB Capital LLC

Curi RMB Capital LLC trimmed its stake in shares of Primis Financial Corp. (NASDAQ:FRST) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 868,536 shares of the company’s stock after selling 5,000 shares during the period. Curi RMB Capital LLC owned 3.51% of Primis Financial worth $10,579,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FRST. Empowered Funds LLC grew its stake in Primis Financial by 8.1% during the 1st quarter. Empowered Funds LLC now owns 48,365 shares of the company’s stock valued at $589,000 after acquiring an additional 3,609 shares in the last quarter. Vanguard Group Inc. lifted its stake in Primis Financial by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,107,530 shares of the company’s stock worth $13,479,000 after acquiring an additional 7,312 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Primis Financial in the first quarter valued at approximately $1,768,000. Hillsdale Investment Management Inc. raised its stake 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 valued at $2,495,000 after acquiring an additional 113,911 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Primis Financial by 4.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,693 shares of the company’s stock valued at $411,000 after buying an additional 1,348 shares during the period. 74.96% of the stock is currently owned by institutional investors and hedge funds.

Primis Financial Stock Down 0.6 %

Primis Financial stock opened at $12.13 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.98 and a current ratio of 1.00. The company has a market capitalization of $299.85 million, a P/E ratio of 12.98 and a beta of 0.75. Primis Financial Corp. has a fifty-two week low of $9.52 and a fifty-two week high of $13.69. The stock has a 50-day simple moving average of $11.82 and a 200-day simple moving average of $11.32.

Primis Financial (NASDAQ:FRST) last released its earnings results on Thursday, October 24th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.35). The firm had revenue of $66.40 million during the quarter. Primis Financial had a return on equity of 4.63% and a net margin of 7.31%. During the same period in the previous year, the business earned $0.32 EPS. Equities research analysts expect that Primis Financial Corp. will post 0.5 earnings per share for the current year.

Primis Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.30%.

Wall Street Analyst Weigh In

Separately, Stephens dropped their target price on Primis Financial from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th.

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.