Acadian Asset Management LLC Increases Holdings in Primis Financial Corp. (NASDAQ:FRST)

Acadian Asset Management LLC raised its holdings in shares of Primis Financial Corp. (NASDAQ:FRST) by 22.6% in the second quarter, HoldingsChannel reports. The firm owned 178,312 shares of the company’s stock after buying an additional 32,896 shares during the quarter. Acadian Asset Management LLC’s holdings in Primis Financial were worth $1,867,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Banc Funds Co. LLC raised its holdings in shares of Primis Financial by 2.7% during the fourth quarter. Banc Funds Co. LLC now owns 1,693,521 shares of the company’s stock valued at $21,440,000 after acquiring an additional 45,000 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Primis Financial by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,107,530 shares of the company’s stock worth $13,479,000 after purchasing an additional 7,312 shares during the period. RMB Capital Management LLC boosted its stake in shares of Primis Financial by 51.6% during the 4th quarter. RMB Capital Management LLC now owns 909,654 shares of the company’s stock valued at $11,516,000 after purchasing an additional 309,654 shares in the last quarter. Boston Partners increased its position in shares of Primis Financial by 35.7% during the fourth quarter. Boston Partners now owns 227,219 shares of the company’s stock valued at $2,877,000 after buying an additional 59,728 shares during the period. Finally, Hillsdale Investment Management Inc. raised its stake in Primis Financial by 125.1% in the first quarter. Hillsdale Investment Management Inc. now owns 204,980 shares of the company’s stock worth $2,495,000 after buying an additional 113,911 shares in the last quarter. Hedge funds and other institutional investors own 74.96% of the company’s stock.

Primis Financial Price Performance

Shares of FRST opened at $11.59 on Friday. The company has a 50-day simple moving average of $11.85 and a two-hundred day simple moving average of $11.21. The firm has a market capitalization of $286.04 million, a PE ratio of 13.48 and a beta of 0.75. Primis Financial Corp. has a one year low of $7.54 and a one year high of $13.69.

Primis Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date was Friday, August 9th. Primis Financial’s payout ratio is presently 46.51%.

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 checking, NOW, savings, and money market accounts, as well as certificates of deposits.