Primis Financial (FRST) to Release Quarterly Earnings on Thursday

by · The Markets Daily

Primis Financial (NASDAQ:FRST – Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect Primis Financial to post earnings of $0.11 per share and revenue of $24,660.00 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Primis Financial (NASDAQ:FRST – Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.35). The company had revenue of $66.40 million for the quarter. Primis Financial had a return on equity of 3.28% and a net margin of 6.00%. During the same period in the previous year, the company earned $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 Trading Up 1.1 %

NASDAQ FRST opened at $11.43 on Wednesday. Primis Financial has a 12 month low of $9.52 and a 12 month high of $13.69. The company has a market capitalization of $282.55 million, a price-to-earnings ratio of 7.37 and a beta of 0.79. 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 firm’s fifty day moving average price is $11.89 and its 200 day moving average price is $11.87.

Primis Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend was Friday, November 8th. Primis Financial’s payout ratio is 25.81%.

Analyst Ratings Changes

Separately, Stephens decreased their target price on Primis Financial from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th.

Check Out Our Latest Stock Analysis on FRST

Insider Transactions at Primis Financial

In other Primis Financial news, Director F L. Garrett III bought 3,660 shares of Primis Financial 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 completion of the acquisition, the director now owns 41,169 shares of the company’s stock, valued at approximately $507,202.08. This represents a 9.76 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.

See Also