Thu Sep 19 07:25:04 UTC 2024: ## Bank of New York Mellon Increases Stake in Primis Financial
**New York, NY** – Bank of New York Mellon Corp. (BNY Mellon) has increased its holdings in Primis Financial Corp. (FRST) by 2.8% during the second quarter, according to HoldingsChannel. The firm now owns 148,121 shares of the company, valued at $1,552,000. This follows a trend of other institutional investors adjusting their positions in Primis Financial.
Panagora Asset Management Inc. and Quadrature Capital Ltd. both purchased new stakes in the company during the fourth quarter, while Price T Rowe Associates Inc. MD and Empowered Funds LLC increased their holdings in the first quarter. Jacobs Levy Equity Management Inc. also significantly grew its position, increasing by 103.9% in the first quarter.
Overall, hedge funds and institutional investors currently own 74.96% of Primis Financial’s stock.
Primis Financial operates as the bank holding company for Primis Bank, offering financial services to individuals and small and medium-sized businesses across the United States. The company’s portfolio includes various deposit products, including checking, savings, money market accounts, and certificates of deposit.
The company’s stock opened at $11.83 on Thursday, with a 52-week low of $7.54 and a high of $13.69. Primis Financial has a market cap of $291.99 million, a price-to-earnings ratio of 13.76, and a beta of 0.75.
For more detailed information on institutional holdings in Primis Financial, visit HoldingsChannel.com.
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