Primis Financial Corp. (NASDAQ:FRST) is a financial services company that operates in the banking sector. It provides a range of financial products and services to its customers. The company competes with other financial institutions in the market, striving to offer competitive banking solutions. Recently, a notable transaction occurred involving Biagas John Fitzgerald, a director at FRST.
On February 4, 2025, Biagas John Fitzgerald executed a P-Purchase transaction, acquiring 2,298 shares of FRST's common stock at approximately $10.86 per share. This purchase increased his total holdings to 78,469 shares. Despite the company's recent financial challenges, this transaction indicates a level of confidence in the company's future prospects.
Primis Financial Corp. recently reported a net loss of $14.7 million for the fourth quarter of 2024, translating to a $0.59 loss per share. This marks a significant increase from the $8.2 million net loss, or $0.33 loss per share, reported in the same period of 2023. The financial results have raised concerns among investors, prompting an investigation by Pomerantz LLP into potential securities fraud or other unlawful practices.
Despite these financial setbacks, FRST's stock price has shown some resilience. Currently priced at $10.93, the stock has experienced a slight increase of 0.3673% or $0.04. Throughout the day, the stock fluctuated between $10.70 and $10.93. Over the past year, FRST's stock has ranged from a low of $9.52 to a high of $13.52, reflecting the volatility in the market.
FRST's market capitalization stands at approximately $270.2 million, indicating the company's size in the financial sector. Today's trading volume for FRST is 21,866 shares, suggesting a moderate level of investor interest. As the investigation by Pomerantz LLP unfolds, investors are encouraged to stay informed about any developments that may impact the company's stock performance.
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