Scott Gamble Buys 1,389 Shares of Primis Financial (NASDAQ:FRST) Stock

Primis Financial Corp. (NASDAQ:FRST) Director Scott Gamble bought 1,389 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were bought at an average price of $14.39 per share, with a total value of $19,987.71. Following the completion of the transaction, the director directly owned 1,389 shares in the company, valued at approximately $19,987.71. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Primis Financial Price Performance

Primis Financial stock opened at $14.38 on Thursday. The firm has a market capitalization of $356.19 million, a P/E ratio of 6.78 and a beta of 0.75. Primis Financial Corp. has a 1 year low of $9.33 and a 1 year high of $15.10. The business has a 50-day moving average of $14.04 and a 200-day moving average of $13.36. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Primis Financial (NASDAQ:FRST) last posted its earnings results on Thursday, April 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. Primis Financial had a return on equity of 4.98% and a net margin of 19.71%.The company had revenue of $45.63 million during the quarter, compared to analyst estimates of $43.87 million. On average, equities analysts anticipate that Primis Financial Corp. will post 1.65 EPS for the current year.

Primis Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, May 8th. Primis Financial’s payout ratio is 18.87%.

Analysts Set New Price Targets

Several research firms have recently weighed in on FRST. Weiss Ratings upgraded Primis Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Wall Street Zen cut Primis Financial from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Keefe, Bruyette & Woods began coverage on Primis Financial in a report on Monday, April 20th. They set an “outperform” rating and a $17.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Institutional Investors Weigh In On Primis Financial

Several institutional investors have recently bought and sold shares of FRST. Royal Bank of Canada lifted its stake in Primis Financial by 12.6% in the 1st quarter. Royal Bank of Canada now owns 24,875 shares of the company’s stock valued at $243,000 after acquiring an additional 2,790 shares in the last quarter. AQR Capital Management LLC lifted its stake in Primis Financial by 25.5% in the 1st quarter. AQR Capital Management LLC now owns 23,904 shares of the company’s stock valued at $234,000 after acquiring an additional 4,864 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Primis Financial by 11.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,072 shares of the company’s stock valued at $128,000 after acquiring an additional 1,370 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Primis Financial by 170.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 248,639 shares of the company’s stock valued at $2,429,000 after acquiring an additional 156,703 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in Primis Financial by 65.3% in the 1st quarter. Empowered Funds LLC now owns 26,621 shares of the company’s stock valued at $260,000 after acquiring an additional 10,515 shares in the last quarter. Institutional investors own 74.96% of the company’s stock.

About Primis Financial

Primis Financial Corporation is a bank holding company headquartered in Waycross, Georgia, operating through its wholly owned subsidiary, Primis Bank. The company offers a full suite of commercial and retail banking services tailored to meet the needs of individuals, small businesses, and agricultural clients across its service area. Primis Bank focuses on building relationships within the communities it serves, positioning itself as a local financial partner for deposit-taking, lending, and treasury management solutions.

Primis Bank maintains a network of branch offices throughout southeastern Georgia, serving a combination of rural and suburban markets.