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Waycross Today
By the People, for the People
North Reef Capital Management LP Invests in Primis Financial Corp.
The investment firm purchased nearly 1 million shares in the regional bank.
Mar. 17, 2026 at 1:18pm
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North Reef Capital Management LP acquired a new stake in Primis Financial Corp. (NASDAQ:FRST) during the third quarter of 2025, purchasing 974,870 shares valued at approximately $10.2 million. This represents around 0.5% of North Reef Capital Management's portfolio, making Primis Financial the firm's 23rd largest holding.
Why it matters
The investment by North Reef Capital Management, a prominent institutional investor, signals confidence in Primis Financial's growth potential and financial performance. This could positively impact the bank's stock price and visibility among other investors.
The details
North Reef Capital Management's new position in Primis Financial was one of several changes to the firm's portfolio in the third quarter. Other institutional investors and hedge funds, including Patriot Financial Partners GP II L.P., Fourthstone LLC, and Alliancebernstein L.P., have also increased their stakes in Primis Financial in recent quarters.
- North Reef Capital Management purchased the Primis Financial shares in the third quarter of 2025.
- Primis Financial paid a quarterly dividend of $0.10 per share on February 27, 2026, with a record date of February 13, 2026.
The players
North Reef Capital Management LP
An investment management firm that has now taken a position in regional bank Primis Financial Corp.
Primis Financial Corp.
A bank holding company headquartered in Waycross, Georgia, operating through its subsidiary Primis Bank, which offers commercial and retail banking services in southeastern Georgia.
The takeaway
North Reef Capital Management's investment in Primis Financial Corp. reflects growing institutional interest in the regional bank, which could signal positive momentum for the company's stock and financial performance going forward.
