North Reef Capital Management LP lessened its holdings in Primis Financial Corp. (NASDAQ:FRST – Free Report) by 5.7% during the first quarter, Holdings Channel reports. The fund owned 1,135,281 shares of the company’s stock after selling 68,323 shares during the period. North Reef Capital Management LP’s holdings in Primis Financial were worth $15,077,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in shares of Primis Financial during the 2nd quarter worth about $25,000. Russell Investments Group Ltd. grew its stake in Primis Financial by 290.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,345 shares of the company’s stock valued at $25,000 after buying an additional 1,744 shares during the last quarter. Commonwealth Retirement Investments LLC acquired a new position in Primis Financial in the 4th quarter valued at about $82,000. Public Employees Retirement System of Ohio raised its holdings in Primis Financial by 141.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 6,733 shares of the company’s stock valued at $94,000 after acquiring an additional 3,950 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Primis Financial by 278.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,742 shares of the company’s stock valued at $81,000 after acquiring an additional 5,695 shares during the period. Institutional investors own 74.96% of the company’s stock.
Key Headlines Impacting Primis Financial
Here are the key news stories impacting Primis Financial this week:
- Positive Sentiment: Primis reported stronger second-quarter results, with net income available to common shareholders rising to $9.4 million, or $0.38 per diluted share, from $2.4 million, or $0.10 per share a year ago, and management also declared a $0.10 quarterly dividend. Article: Primis Financial Corp. Reports Strong Results for the Second Quarter of 2026
- Positive Sentiment: Revenue for the quarter came in above estimates at $55.79 million versus consensus of $48.77 million, showing better-than-expected top-line performance. Article: Primis Financial earnings report and conference call
- Neutral Sentiment: The company reaffirmed shareholder returns by setting a quarterly cash dividend of $0.10 per share, payable on August 21 to shareholders of record on August 7. Article: Dividend announcement
- Negative Sentiment: Earnings per share missed analyst estimates, with Primis posting $0.23 per share versus the consensus forecast of $0.38 to $0.41, which appears to be weighing on the stock. Article: Primis Financial (FRST) Lags Q2 Earnings Estimates
Wall Street Analyst Weigh In
Primis Financial Stock Performance
Shares of NASDAQ:FRST opened at $15.34 on Friday. Primis Financial Corp. has a 12-month low of $9.55 and a 12-month high of $16.77. The company’s 50 day moving average price is $15.35 and its two-hundred day moving average price is $14.25. The firm has a market cap of $381.66 million, a PE ratio of 7.10 and a beta of 0.72. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 0.16.
Primis Financial (NASDAQ:FRST – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.15). The business had revenue of $55.79 million during the quarter, compared to analyst estimates of $48.77 million. Primis Financial had a net margin of 19.19% and a return on equity of 5.56%. Equities research analysts predict that Primis Financial Corp. will post 1.59 earnings per share for the current year.
Primis Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, August 7th. Primis Financial’s dividend payout ratio (DPR) is 18.52%.
About Primis Financial
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.
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