Primis Financial (FRST) Expected to Announce Earnings on Thursday

Primis Financial (NASDAQ:FRST) is anticipated to issue 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.

Primis Financial (NASDAQ:FRST) last announced 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). Primis Financial had a net margin of 6.00% and a return on equity of 3.28%. The business had revenue of $66.40 million during the quarter. During the same period last year, the business earned $0.32 earnings per share. 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 Up 3.7 %

FRST stock opened at $11.24 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $11.99 and its two-hundred day moving average is $11.85. The stock has a market cap of $277.89 million, a P/E ratio of 10.41 and a beta of 0.79. Primis Financial has a twelve month low of $9.52 and a twelve month high of $13.69.

Primis Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.10 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.40 annualized dividend and a yield of 3.56%. Primis Financial’s dividend payout ratio is presently 37.04%.

Insider Activity at Primis Financial

In related news, Director F L. Garrett III acquired 3,660 shares of Primis Financial stock in a transaction on Friday, December 13th. The stock was purchased 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 in the company, valued at approximately $507,202.08. The trade was a 9.76 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 10.89% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Primis Financial Company Profile

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.