Primis Financial (NASDAQ:FRST – Get Rating) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, January 26th. Analysts expect Primis Financial to post earnings of $0.29 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Primis Financial (NASDAQ:FRST – Get Rating) last issued its earnings results on Thursday, October 27th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.06). The firm had revenue of $33.07 million during the quarter, compared to analyst estimates of $28.70 million. Primis Financial had a return on equity of 5.78% and a net margin of 17.21%. 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
FRST opened at $11.98 on Wednesday. The company has a market cap of $295.47 million, a PE ratio of 13.31 and a beta of 0.79. The stock has a 50-day moving average of $12.05 and a 200-day moving average of $12.63. Primis Financial has a 52-week low of $11.66 and a 52-week high of $16.03. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.03 and a current ratio of 1.04.
Primis Financial Dividend Announcement
Insider Transactions at Primis Financial
In related news, EVP Marie Taylor Leibson purchased 4,000 shares of the firm’s stock in a transaction dated Monday, November 28th. The stock was bought at an average price of $9.14 per share, for a total transaction of $36,560.00. Following the purchase, the executive vice president now owns 51,379 shares in the company, valued at approximately $469,604.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 10.63% of the stock is currently owned by corporate insiders.
Institutional Trading of Primis Financial
Several hedge funds have recently added to or reduced their stakes in FRST. Vanguard Group Inc. boosted its stake in Primis Financial by 12.5% during the 1st quarter. Vanguard Group Inc. now owns 1,016,838 shares of the company’s stock valued at $14,215,000 after purchasing an additional 112,657 shares during the period. Fourthstone LLC lifted its position in shares of Primis Financial by 309.9% in the 1st quarter. Fourthstone LLC now owns 134,203 shares of the company’s stock worth $1,876,000 after acquiring an additional 101,466 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Primis Financial by 337.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 84,598 shares of the company’s stock worth $1,152,000 after acquiring an additional 65,278 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Primis Financial by 4.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,146,388 shares of the company’s stock worth $13,906,000 after acquiring an additional 52,172 shares during the period. Finally, EJF Capital LLC lifted its position in shares of Primis Financial by 12.7% in the 1st quarter. EJF Capital LLC now owns 431,111 shares of the company’s stock worth $6,027,000 after acquiring an additional 48,727 shares during the period. Institutional investors own 71.22% of the company’s stock.
Analyst Ratings Changes
Separately, Piper Sandler initiated coverage on Primis Financial in a research note on Monday, December 5th. They set a “neutral” rating and a $13.00 price target for the company.
About Primis Financial
Primis Financial Corp. is a holding company, which engages in the provision of financial services through its subsidiary Sonabank. The firm focuses on making loans secured primarily by commercial real estate and other types of secured and unsecured commercial loans to small and medium-sized businesses in a number of industries, as well as loans to individuals for a variety of purposes.
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