Primis Financial Corp. (NASDAQ:FRST – Get Free Report) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders 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 yield of 3.93%. The ex-dividend date of this dividend is Thursday, May 9th.
Primis Financial has a dividend payout ratio of 22.3% meaning its dividend is sufficiently covered by earnings. Equities 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 %
Shares of FRST stock opened at $10.17 on Friday. The firm’s fifty day moving average price is $11.67 and its two-hundred day moving average price is $11.22. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.25. Primis Financial has a 1 year low of $7.01 and a 1 year high of $13.69. The firm has a market capitalization of $251.02 million, a P/E ratio of 11.83 and a beta of 0.73.
Insider Buying and Selling
In related news, Director Charles A. Kabbash bought 3,390 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average cost of $12.51 per share, with a total value of $42,408.90. Following the completion of the purchase, the director now directly owns 76,183 shares in the company, valued at $953,049.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased a total of 7,500 shares of company stock valued at $91,631 over the last ninety days. 11.08% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Separately, TheStreet raised shares of Primis Financial from a “c” rating to a “b” rating in a research note on Friday, January 26th.
Get Our Latest Report on Primis Financial
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.
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