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

Primis Financial Corp. (NASDAQ:FRST) declared a quarterly dividend on Thursday, July 25th, Zacks reports. Stockholders of record on Friday, August 9th will be paid a dividend of 0.10 per share on Friday, August 23rd. This represents a $0.40 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Friday, August 9th.

Primis Financial has a dividend payout ratio of 21.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Primis Financial to earn $1.80 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 22.2%.

Primis Financial Stock Up 2.3 %

Shares of Primis Financial stock opened at $13.26 on Friday. The business has a fifty day simple moving average of $10.75 and a 200-day simple moving average of $11.42. Primis Financial has a fifty-two week low of $7.54 and a fifty-two week high of $13.69. The firm has a market cap of $327.26 million, a price-to-earnings ratio of 15.42 and a beta of 0.77.

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.