Primis Financial Corp. (NASDAQ:FRST) Announces Quarterly Dividend of $0.10

Primis Financial Corp. (NASDAQ:FRST) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Shareholders of record on Friday, November 8th will be paid a dividend of 0.10 per share on Friday, November 22nd. This represents a $0.40 annualized dividend and a yield of 3.52%. The ex-dividend date is Friday, November 8th.

Primis Financial has a dividend payout ratio of 21.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Primis Financial to earn $1.85 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 21.6%.

Primis Financial Stock Down 3.8 %

Shares of FRST stock traded down $0.45 during mid-day trading on Friday, hitting $11.35. 152,166 shares of the company’s stock were exchanged, compared to its average volume of 65,600. The stock has a market cap of $280.23 million, a price-to-earnings ratio of 13.20 and a beta of 0.75. Primis Financial has a fifty-two week low of $7.71 and a fifty-two week high of $13.69. The stock has a 50-day simple moving average of $11.85 and a two-hundred day simple moving average of $11.21.

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.