Primis Financial Corp. (NASDAQ:FRST) Director William Rand Cook Purchases 1,650 Shares

Primis Financial Corp. (NASDAQ:FRST) Director William Rand Cook acquired 1,650 shares of the stock in a transaction on Wednesday, June 9th. The shares were acquired at an average price of $15.53 per share, with a total value of $25,624.50. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

William Rand Cook also recently made the following trade(s):

  • On Friday, June 4th, William Rand Cook bought 1,300 shares of Primis Financial stock. The stock was purchased at an average price of $15.56 per share, with a total value of $20,228.00.

Shares of NASDAQ FRST opened at $15.51 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.49. The firm has a market cap of $380.46 million, a PE ratio of 11.66 and a beta of 1.10. The stock has a fifty day moving average of $14.86. Primis Financial Corp. has a 52-week low of $8.02 and a 52-week high of $16.32.

Primis Financial (NASDAQ:FRST) last issued its earnings results on Thursday, April 29th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.10. The business had revenue of $28.77 million for the quarter, compared to analysts’ expectations of $28.10 million. Primis Financial had a return on equity of 7.76% and a net margin of 22.35%. As a group, sell-side analysts expect that Primis Financial Corp. will post 1.12 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 24th. Stockholders of record on Friday, May 14th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, May 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.58%. Primis Financial’s dividend payout ratio is 38.83%.

Several hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC purchased a new position in Primis Financial in the first quarter valued at about $210,000. D. E. Shaw & Co. Inc. purchased a new position in Primis Financial in the first quarter valued at about $935,000. Morgan Stanley purchased a new position in Primis Financial in the first quarter valued at about $944,000. Citadel Advisors LLC purchased a new position in Primis Financial in the first quarter valued at about $1,042,000. Finally, Jane Street Group LLC purchased a new position in Primis Financial in the first quarter valued at about $365,000. Institutional investors and hedge funds own 62.42% of the company’s stock.

Separately, Zacks Investment Research downgraded Primis Financial from a “buy” rating to a “hold” rating in a research note on Friday, May 7th.

Primis Financial Company 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 noninterest-bearing and interest-bearing checking, commercial checking, money market, and savings accounts, as well as certificates of deposit.

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