BlackRock Amends Primis Financial Corp. (FRST) Stake Filing
Ticker: FRST · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1325670
| Field | Detail |
|---|---|
| Company | Primis Financial CORP. (FRST) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
Related Tickers: FRST
TL;DR
**BlackRock still owns a big chunk of Primis Financial, signaling institutional confidence.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 26, 2024, indicating its ownership in Primis Financial Corp. (NASDAQ: FRST) as of December 31, 2023. This filing, an amendment to a previous disclosure, shows BlackRock's continued significant, but passive, investment in the regional bank. This matters to investors because BlackRock is a major institutional investor, and its sustained position suggests a degree of confidence in Primis Financial Corp.'s long-term prospects, even if the exact percentage of ownership isn't detailed in this snippet.
Why It Matters
This filing confirms BlackRock's ongoing, substantial passive investment in Primis Financial Corp., signaling institutional confidence in the company's stability and future.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or changes in company fundamentals.
Analyst Insight
Investors should view this as a routine update confirming BlackRock's continued, passive institutional ownership in Primis Financial Corp., suggesting no immediate need for action based solely on this filing.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Primis Financial Corp. (company) — the subject company in which BlackRock holds shares
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the date the SC 13G/A was filed
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Primis Financial Corp. throughout 2024. (BlackRock Inc.) — high confidence, target: 2024-12-31
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, as indicated by the 'Form: SC 13G/A' and 'Amendment No: 2' in the filing.
Who is the reporting person in this filing?
The reporting person, or the entity filing the statement, is BlackRock Inc., as stated under the 'FILED BY' section and on the cover page.
What is the subject company of this filing?
The subject company, or the issuer whose securities are being reported, is Primis Financial Corp., as identified under the 'SUBJECT COMPANY' section and 'Name of Issuer' on the cover page.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Primis Financial Corp. is 74167B109, as listed on the cover page of the Schedule 13G.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page of the Schedule 13G.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding Primis Financial Corp. (FRST).