Princeton Capital Management LLC Purchases Shares of 10,000 Primis Financial Corp. (NASDAQ:FRST)

Princeton Capital Management LLC acquired a new position in Primis Financial Corp. (NASDAQ:FRST) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,000 shares of the company’s stock, valued at approximately $105,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Panagora Asset Management Inc. purchased a new position in Primis Financial during the 4th quarter worth approximately $275,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Primis Financial by 4.2% during 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 during the last quarter. Empowered Funds LLC lifted its position in Primis Financial by 8.1% during the first quarter. Empowered Funds LLC now owns 48,365 shares of the company’s stock valued at $589,000 after purchasing an additional 3,609 shares during the period. Quadrature Capital Ltd purchased a new stake in Primis Financial in the fourth quarter valued at $661,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in Primis Financial in the fourth quarter valued at $1,153,000. Institutional investors and hedge funds own 74.96% of the company’s stock.

Primis Financial Stock Performance

NASDAQ FRST opened at $12.15 on Tuesday. Primis Financial Corp. has a fifty-two week low of $7.54 and a fifty-two week high of $13.69. The firm has a market capitalization of $299.89 million, a P/E ratio of 14.13 and a beta of 0.76. The stock has a 50-day simple moving average of $11.65 and a two-hundred day simple moving average of $11.27.

Primis Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date was Friday, August 9th. Primis Financial’s payout ratio is presently 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.