Primis Financial Corp. (NASDAQ:FRST – Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Friday, May 10th will be paid a dividend of 0.10 per share on Friday, May 24th. This represents a $0.40 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Thursday, May 9th.
Primis Financial has a payout ratio of 22.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Primis Financial to earn $1.79 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 22.3%.
Primis Financial Stock Down 4.9 %
NASDAQ FRST traded down $0.52 during trading on Friday, hitting $10.17. The stock had a trading volume of 72,029 shares, compared to its average volume of 55,758. The company has a market capitalization of $251.02 million, a PE ratio of 11.83 and a beta of 0.73. The company’s 50-day moving average price is $11.67 and its two-hundred day moving average price is $11.22. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.97 and a current ratio of 0.99. Primis Financial has a 12 month low of $7.01 and a 12 month high of $13.69.
Wall Street Analysts Forecast Growth
Separately, TheStreet upgraded Primis Financial from a “c” rating to a “b” rating in a research note on Friday, January 26th.
View Our Latest Report on FRST
Insider Transactions at Primis Financial
In related news, Director Charles A. Kabbash acquired 3,390 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were bought at an average price of $12.51 per share, for a total transaction of $42,408.90. Following the purchase, the director now directly owns 76,183 shares in the company, valued at approximately $953,049.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 7,500 shares of company stock worth $91,631 in the last 90 days. Corporate insiders own 11.08% of the company’s stock.
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.
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