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Primis Financial (FRST) Stock Price, News & Analysis

Primis Financial logo
$11.91 +0.40 (+3.48%)
(As of 12/20/2024 05:16 PM ET)

About Primis Financial Stock (NASDAQ:FRST)

Key Stats

Today's Range
$11.54
$12.17
50-Day Range
$11.12
$12.78
52-Week Range
$9.52
$13.69
Volume
230,743 shs
Average Volume
67,842 shs
Market Capitalization
$294.45 million
P/E Ratio
11.03
Dividend Yield
3.36%
Price Target
$14.00
Consensus Rating
Buy

Company Overview

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. The company also provides commercial business and real estate, construction, secured asset based, small business administration, mortgage warehouse lending products, as well as financing for medical, dental, and veterinary businesses; residential mortgage, trust mortgage, home equity lines of credit, secured and unsecured personal, and consumer loans, as well as life insurance premium financing and demand loans. It also offers cash management services comprising investment/sweep, zero balance, and controlled disbursement accounts; and wire transfer, employer/payroll processing, night depository, depository transfer, merchant, ACH origination, and remote deposit capture services. In addition, the company provides debit cards, ATM services, notary services, and mobile and online banking. It operates full-service branches in Virginia and Maryland. The company was formerly known as Southern National Bancorp of Virginia, Inc. and changed its name to Primis Financial Corp. Primis Financial Corp. was founded in 2004 and is based in McLean, Virginia.

Primis Financial Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
99th Percentile Overall Score

FRST MarketRank™: 

Primis Financial scored higher than 99% of companies evaluated by MarketBeat, and ranked 9th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Primis Financial has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Primis Financial has only been the subject of 1 research reports in the past 90 days.

  • Read more about Primis Financial's stock forecast and price target.
  • Earnings Growth

    Earnings for Primis Financial are expected to grow by 120.00% in the coming year, from $0.50 to $1.10 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Primis Financial is 11.03, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.29.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Primis Financial is 11.03, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 26.71.

  • Price to Book Value per Share Ratio

    Primis Financial has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    0.42% of the float of Primis Financial has been sold short.
  • Short Interest Ratio / Days to Cover

    Primis Financial has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Primis Financial has recently decreased by 10.77%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Primis Financial pays a meaningful dividend of 3.21%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Primis Financial does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Primis Financial is 37.04%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Primis Financial will have a dividend payout ratio of 36.36% next year. This indicates that Primis Financial will be able to sustain or increase its dividend.

  • Read more about Primis Financial's dividend.
  • Percentage of Shares Shorted

    0.42% of the float of Primis Financial has been sold short.
  • Short Interest Ratio / Days to Cover

    Primis Financial has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Primis Financial has recently decreased by 10.77%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Primis Financial has a news sentiment score of 1.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.77 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Primis Financial this week, compared to 1 article on an average week.
  • MarketBeat Follows

    Only 1 people have added Primis Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Primis Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $45,091.00 in company stock and sold $0.00 in company stock.

  • Percentage Held by Insiders

    10.89% of the stock of Primis Financial is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    74.96% of the stock of Primis Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Primis Financial's insider trading history.
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FRST Stock News Headlines

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Primis Financial price target lowered to $14 from $16 at Stephens
Primis Financial Faces Nasdaq Delisting Challenges
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FRST Stock Analysis - Frequently Asked Questions

Primis Financial's stock was trading at $12.66 on January 1st, 2024. Since then, FRST stock has decreased by 5.9% and is now trading at $11.91.
View the best growth stocks for 2024 here
.

Primis Financial Corp. (NASDAQ:FRST) posted its 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 company had revenue of $66.40 million for the quarter. Primis Financial had a trailing twelve-month return on equity of 3.28% and a net margin of 6.00%.

Top institutional shareholders of Primis Financial include Banc Funds Co. LLC (6.93%), Curi RMB Capital LLC (3.51%), Geode Capital Management LLC (1.89%) and State Street Corp (1.71%). Insiders that own company stock include Matthew Alan Switzer, Charles A Kabbash, John Fitzgerald Biagas, F L Garrett III, F L Garrett III, Robert Yates Clagett, Eric Alan Johnson, William Rand Cook, Clinton Tyler Stafford, George Cody Sheflett Jr, Deborah Diaz, Rickey Allen Fulk, Susan B Williamson, Barry P Almond, Ann-Stanton C Gore, Cheryl Wood, Dennis J Zember Jr, Bruce Todd Brockwell and W Bruce Jennings.
View institutional ownership trends
.

Shares of FRST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Primis Financial investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), Arista Networks (ANET), ServiceNow (NOW) and e.l.f. Beauty (ELF).

Company Calendar

Last Earnings
10/24/2024
Ex-Dividend for 11/22 Dividend
11/08/2024
Dividend Payable
11/22/2024
Today
12/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Banking
Current Symbol
NASDAQ:FRST
Employees
420
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$14.00
High Stock Price Target
$14.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+17.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-7,830,000.00
Pretax Margin
-4.63%

Debt

Sales & Book Value

Annual Sales
$143.23 million
Cash Flow
$1.65 per share
Book Value
$16.11 per share

Miscellaneous

Free Float
22,031,000
Market Cap
$294.45 million
Optionable
Optionable
Beta
0.78
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This page (NASDAQ:FRST) was last updated on 12/21/2024 by MarketBeat.com Staff
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