Primis Financial Corp. (NASDAQ:FRST) Position Reduced by Corbyn Investment Management Inc. MD

Corbyn Investment Management Inc. MD cut its position in shares of Primis Financial Corp. (NASDAQ:FRST) by 0.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 330,829 shares of the company’s stock after selling 1,487 shares during the quarter. Primis Financial accounts for 1.4% of Corbyn Investment Management Inc. MD’s portfolio, making the stock its 25th largest position. Corbyn Investment Management Inc. MD owned about 1.34% of Primis Financial worth $3,467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of FRST. Princeton Capital Management LLC purchased a new stake in shares of Primis Financial in the second quarter worth approximately $105,000. Panagora Asset Management Inc. purchased a new stake in shares of Primis Financial in the fourth quarter worth approximately $275,000. Price T Rowe Associates Inc. MD lifted its position in shares of Primis Financial by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 33,693 shares of the company’s stock worth $411,000 after purchasing an additional 1,348 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Primis Financial by 8.1% in the first quarter. Empowered Funds LLC now owns 48,365 shares of the company’s stock worth $589,000 after purchasing an additional 3,609 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Primis Financial in the fourth quarter worth approximately $661,000. 74.96% of the stock is owned by hedge funds and other institutional investors.

Primis Financial Price Performance

NASDAQ FRST opened at $11.25 on Friday. The company has a 50 day simple moving average of $11.78 and a 200-day simple moving average of $11.25. The firm has a market capitalization of $277.65 million, a price-to-earnings ratio of 13.08 and a beta of 0.75. Primis Financial Corp. has a 52-week low of $7.54 and a 52-week high of $13.69.

Primis Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend was Friday, August 9th. Primis Financial’s dividend payout ratio (DPR) is 46.51%.

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.