Strs Ohio Cuts Position in Primis Financial Corp. (NASDAQ:FRST)

Strs Ohio cut its stake in Primis Financial Corp. (NASDAQ:FRST) by 23.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,100 shares of the company’s stock after selling 14,500 shares during the quarter. Strs Ohio owned about 0.19% of Primis Financial worth $608,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Anchor Investment Management LLC purchased a new position in shares of Primis Financial in the 4th quarter valued at $127,000. SG Americas Securities LLC purchased a new position in Primis Financial during the 4th quarter worth $140,000. Citigroup Inc. grew its stake in Primis Financial by 112.1% during the 3rd quarter. Citigroup Inc. now owns 45,619 shares of the company’s stock worth $372,000 after buying an additional 24,111 shares during the last quarter. Finally, ELCO Management Co. LLC grew its stake in Primis Financial by 77.0% during the 3rd quarter. ELCO Management Co. LLC now owns 55,632 shares of the company’s stock worth $453,000 after buying an additional 24,210 shares during the last quarter. 74.96% of the stock is currently owned by hedge funds and other institutional investors.

Primis Financial Stock Down 4.9 %

Shares of FRST stock opened at $10.17 on Friday. Primis Financial Corp. has a 1-year low of $7.01 and a 1-year high of $13.69. The stock’s fifty day moving average price is $11.67 and its 200 day moving average price is $11.22. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.99 and a quick ratio of 0.97. The company has a market cap of $251.00 million, a price-to-earnings ratio of 11.83 and a beta of 0.73.

Primis Financial (NASDAQ:FRST) last announced its earnings results on Thursday, January 25th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.07. The firm had revenue of $39.24 million for the quarter, compared to the consensus estimate of $36.17 million. Primis Financial had a return on equity of 5.90% and a net margin of 8.73%. On average, research analysts expect that Primis Financial Corp. will post 1.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, TheStreet upgraded Primis Financial from a “c” rating to a “b” rating in a research note on Friday, January 26th.

Insider Buying and Selling at Primis Financial

In other news, Director Charles A. Kabbash purchased 3,390 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were acquired at an average price of $12.51 per share, for a total transaction of $42,408.90. Following the purchase, the director now owns 76,183 shares in the company, valued at $953,049.33. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have bought 7,500 shares of company stock worth $91,631. 11.08% of the stock is currently owned by insiders.

Primis Financial 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.