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

Primis Financial Corp. (NASDAQ:FRST) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Shareholders of record on Friday, November 8th will be given 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 payout ratio of 21.6% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

FRST stock traded down $0.45 during midday trading on Friday, hitting $11.35. The stock had a trading volume of 152,166 shares, compared to its average volume of 65,600. The firm has a market cap of $280.23 million, a PE ratio of 13.20 and a beta of 0.75. Primis Financial has a 12-month low of $7.71 and a 12-month high of $13.69. The company’s 50-day moving average price is $11.85 and its 200 day moving average price is $11.21.

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.