Primis Financial (NASDAQ:FRST) Director Acquires $19,842.72 in Stock

Key Points

  • Director purchase: Primis Financial Director Deborah Diaz acquired 1,608 shares on Dec. 10 at $12.34 each (total $19,842.72), raising her stake to 20,072 shares — an 8.71% increase — in an SEC‑filed transaction.
  • Stock move and metrics: FRST traded up about 4.1% to $13.38 on higher-than-normal volume; the company has a market cap of $329.7M, a P/E of 95.6, and a 52‑week range of $7.59–$13.46 with 50‑ and 200‑day SMAs near $10.89 and $10.83.
  • Earnings and dividend: Primis missed quarterly EPS ($0.28 vs. $0.32 est.) but reported stronger-than-expected revenue, and pays a $0.10 quarterly dividend ($0.40 annualized, ~3.0% yield) with a high payout ratio of 285.7%.

Primis Financial Corp. (NASDAQ:FRST - Get Free Report) Director Deborah Diaz acquired 1,608 shares of the company's stock in a transaction that occurred on Wednesday, December 10th. The shares were acquired at an average price of $12.34 per share, with a total value of $19,842.72. Following the acquisition, the director owned 20,072 shares in the company, valued at $247,688.48. This trade represents a 8.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Primis Financial Trading Up 4.1%

FRST stock traded up $0.53 during midday trading on Friday, reaching $13.38. The company's stock had a trading volume of 139,787 shares, compared to its average volume of 79,353. Primis Financial Corp. has a 1 year low of $7.59 and a 1 year high of $13.46. The firm has a market capitalization of $329.68 million, a price-to-earnings ratio of 95.57 and a beta of 0.81. The stock has a fifty day simple moving average of $10.89 and a two-hundred day simple moving average of $10.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.96 and a current ratio of 1.02.




Primis Financial (NASDAQ:FRST - Get Free Report) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.04). The company had revenue of $41.00 million during the quarter, compared to the consensus estimate of $27.96 million. Primis Financial had a negative return on equity of 0.75% and a net margin of 1.31%. On average, equities research analysts predict that Primis Financial Corp. will post 1.4 EPS for the current year.

Primis Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were issued a $0.10 dividend. The ex-dividend date was Friday, November 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.0%. Primis Financial's payout ratio is presently 285.71%.

Institutional Trading of Primis Financial

Several hedge funds and other institutional investors have recently bought and sold shares of FRST. Mendon Capital Advisors Corp increased its holdings in shares of Primis Financial by 16.6% in the 2nd quarter. Mendon Capital Advisors Corp now owns 1,301,933 shares of the company's stock valued at $14,126,000 after acquiring an additional 185,083 shares during the period. Patriot Financial Partners GP II L.P. purchased a new stake in shares of Primis Financial during the 3rd quarter worth $12,796,000. Vanguard Group Inc. boosted its position in Primis Financial by 1.5% during the third quarter. Vanguard Group Inc. now owns 1,210,031 shares of the company's stock valued at $12,717,000 after purchasing an additional 17,712 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Primis Financial by 44.5% during the 3rd quarter. Alliancebernstein L.P. now owns 1,091,037 shares of the company's stock worth $11,467,000 after acquiring an additional 336,149 shares in the last quarter. Finally, Curi Capital LLC raised its stake in shares of Primis Financial by 12.2% during the 2nd quarter. Curi Capital LLC now owns 1,002,891 shares of the company's stock worth $10,881,000 after acquiring an additional 109,355 shares in the last quarter. Institutional investors own 74.96% of the company's stock.

Wall Street Analyst Weigh In

FRST has been the topic of several research reports. Weiss Ratings restated a "hold (c)" rating on shares of Primis Financial in a report on Monday. Zacks Research raised Primis Financial from a "strong sell" rating to a "hold" rating in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Primis Financial currently has an average rating of "Hold" and a consensus target price of $1.00.

Read Our Latest Stock Analysis on Primis Financial

Primis Financial Company Profile

(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.

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