Insider Buying: Primis Financial (NASDAQ:FRST) Director Acquires 1,830 Shares of Stock

November 13, 2025 by InsiderTrades.com

Key Points

Insider purchase: Primis director Robert Yates Clagett bought 1,830 shares on Nov. 11 at an average price of $10.84, raising his stake to 48,566 shares (a 3.92% increase) valued at about $526,455, according to an SEC filing.
Mixed quarterly results and weak profitability: Primis reported $0.28 EPS (missing $0.32 estimates) but topped revenue expectations ($41M vs. $27.96M); the firm has a low net margin (1.31%) and a negative return on equity, with shares trading near $10.97 and a market cap around $270M.
Dividend risk: The company declared a $0.10 quarterly dividend (annualized $0.40, ~3.6% yield) despite a very high payout ratio of 285.71%, suggesting potential sustainability concerns.

Primis Financial Corp. (NASDAQ:FRST - Get Free Report) Director Robert Yates Clagett acquired 1,830 shares of the firm's stock in a transaction that occurred on Tuesday, November 11th. The stock was bought at an average cost of $10.84 per share, with a total value of $19,837.20. Following the completion of the transaction, the director directly owned 48,566 shares in the company, valued at $526,455.44. The trade was a 3.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Primis Financial Stock Performance

NASDAQ FRST traded up $0.18 on Thursday, hitting $10.97. 8,688 shares of the company's stock traded hands, compared to its average volume of 89,413. The firm has a market capitalization of $270.21 million, a PE ratio of 78.39 and a beta of 0.86. Primis Financial Corp. has a 1-year low of $7.59 and a 1-year high of $12.95. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.26. The firm's 50-day moving average price is $10.60 and its two-hundred day moving average price is $10.48.

Primis Financial (NASDAQ:FRST - Get Free Report) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.04). The business had revenue of $41.00 million during the quarter, compared to analysts' expectations of $27.96 million. Primis Financial had a net margin of 1.31% and a negative return on equity of 0.76%. As a group, analysts expect that Primis Financial Corp. will post 1.4 EPS for the current year.

Primis Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 7th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, November 7th. Primis Financial's payout ratio is presently 285.71%.

Institutional Trading of Primis Financial

Institutional investors have recently added to or reduced their stakes in the stock. Nuveen LLC acquired a new stake in shares of Primis Financial in the first quarter valued at $980,000. Curi RMB Capital LLC boosted its holdings in Primis Financial by 2.9% during the 1st quarter. Curi RMB Capital LLC now owns 893,536 shares of the company's stock valued at $8,730,000 after acquiring an additional 25,000 shares during the period. Rhino Investment Partners Inc acquired a new position in Primis Financial in the 1st quarter valued at about $6,818,000. Segall Bryant & Hamill LLC purchased a new stake in Primis Financial during the first quarter worth about $1,634,000. Finally, Martingale Asset Management L P acquired a new stake in shares of Primis Financial during the first quarter worth about $325,000. Institutional investors and hedge funds own 74.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Zacks Research raised Primis Financial from a "strong sell" rating to a "hold" rating in a research note on Monday, October 13th. Weiss Ratings reissued a "hold (c-)" rating on shares of Primis Financial in a research note on Friday, October 31st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $1.00.

Check Out Our Latest Analysis on FRST

About Primis Financial

(Get Free Report)

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.