Primis Financial (NASDAQ:FRST - Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.11 per share and revenue of $24,660.00 billion for the quarter. Investors interested in registering for the company's conference call can do so using this link.
Primis Financial (NASDAQ:FRST - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.35). The firm had revenue of $66.40 million during the quarter. Primis Financial had a return on equity of 3.28% and a net margin of 6.00%. During the same quarter in the prior year, the business posted $0.32 EPS. On average, analysts expect Primis Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Primis Financial Stock Performance
Primis Financial stock traded down $0.02 during mid-day trading on Thursday, reaching $11.22. 39,683 shares of the stock traded hands, compared to its average volume of 58,638. Primis Financial has a 12-month low of $9.52 and a 12-month high of $13.69. The business's 50-day moving average is $11.96 and its 200-day moving average is $11.84. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.99 and a quick ratio of 0.86. The stock has a market capitalization of $277.36 million, a PE ratio of 11.27 and a beta of 0.79.
Primis Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Friday, November 8th.
Wall Street Analyst Weigh In
Separately, Stephens cut their price objective on Primis Financial from $16.00 to $14.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th.
Check Out Our Latest Report on FRST
Insiders Place Their Bets
In related news, Director F L. Garrett III acquired 3,660 shares of the stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $12.32 per share, with a total value of $45,091.20. Following the purchase, the director now directly owns 41,169 shares of the company's stock, valued at approximately $507,202.08. This trade represents a 9.76 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 10.89% of the company's stock.
About Primis Financial
(
Get Free Report)
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.
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