Segall Bryant & Hamill LLC Takes $1.30 Million Position in Primis Financial Corp. $FRST

Segall Bryant & Hamill LLC purchased a new stake in shares of Primis Financial Corp. (NASDAQ:FRST) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 98,080 shares of the company’s stock, valued at approximately $1,303,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Strs Ohio boosted its holdings in Primis Financial by 2.6% in the first quarter. Strs Ohio now owns 44,000 shares of the company’s stock worth $584,000 after purchasing an additional 1,100 shares in the last quarter. First Trust Advisors LP raised its holdings in Primis Financial by 8.6% during the second quarter. First Trust Advisors LP now owns 16,623 shares of the company’s stock valued at $180,000 after buying an additional 1,313 shares in the last quarter. Barclays PLC lifted its position in shares of Primis Financial by 4.2% in the fourth quarter. Barclays PLC now owns 32,660 shares of the company’s stock worth $454,000 after buying an additional 1,331 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Primis Financial by 11.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,072 shares of the company’s stock worth $128,000 after buying an additional 1,370 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Primis Financial by 4.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 42,768 shares of the company’s stock worth $595,000 after acquiring an additional 1,667 shares in the last quarter. Institutional investors and hedge funds own 74.96% of the company’s stock.

Analyst Upgrades and Downgrades

FRST has been the topic of a number of analyst reports. Raymond James Financial started coverage on Primis Financial in a report on Thursday, June 25th. They set a “strong-buy” rating and a $19.00 price objective on the stock. Keefe, Bruyette & Woods started coverage on Primis Financial in a report on Monday, April 20th. They issued an “outperform” rating and a $17.00 target price for the company. Wall Street Zen cut Primis Financial from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Weiss Ratings upgraded Primis Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $18.00.

Primis Financial Stock Up 0.2%

FRST opened at $16.43 on Thursday. Primis Financial Corp. has a 1-year low of $9.55 and a 1-year high of $16.77. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $408.78 million, a price-to-earnings ratio of 7.61 and a beta of 0.73. The business has a 50 day moving average of $15.64 and a 200-day moving average of $14.41.

Primis Financial (NASDAQ:FRST) last announced its earnings results on Thursday, July 23rd. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.15). The company had revenue of $55.79 million for the quarter, compared to the consensus estimate of $48.77 million. Primis Financial had a return on equity of 5.56% and a net margin of 19.19%. As a group, sell-side analysts anticipate that Primis Financial Corp. will post 1.49 earnings per share for the current year.

Primis Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, August 7th. Primis Financial’s dividend payout ratio (DPR) is currently 18.52%.

Primis Financial Profile

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.