Emerald Mutual Fund Advisers Trust Lowers Position in Primis Financial Corp. (NASDAQ:FRST)

Emerald Mutual Fund Advisers Trust decreased its stake in Primis Financial Corp. (NASDAQ:FRST) by 33.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 45,560 shares of the company’s stock after selling 22,583 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Primis Financial were worth $477,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Princeton Capital Management LLC purchased a new stake in Primis Financial in the 2nd quarter worth approximately $105,000. Panagora Asset Management Inc. purchased a new stake in shares of Primis Financial in the fourth quarter worth $275,000. Price T Rowe Associates Inc. MD raised its position in shares of Primis Financial by 4.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,693 shares of the company’s stock valued at $411,000 after purchasing an additional 1,348 shares during the period. Empowered Funds LLC lifted its stake in shares of Primis Financial by 8.1% during the 1st quarter. Empowered Funds LLC now owns 48,365 shares of the company’s stock valued at $589,000 after buying an additional 3,609 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in Primis Financial in the 4th quarter worth $661,000. Institutional investors own 74.96% of the company’s stock.

Primis Financial Stock Performance

Shares of FRST stock opened at $11.25 on Friday. The stock has a fifty day simple moving average of $11.78 and a two-hundred day simple moving average of $11.25. Primis Financial Corp. has a 52-week low of $7.54 and a 52-week high of $13.69. The firm has a market capitalization of $277.65 million, a PE ratio of 13.08 and a beta of 0.75.

Primis Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Friday, August 9th. Primis Financial’s dividend payout ratio is currently 46.51%.

About Primis Financial

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.