Primis Financial (NASDAQ:FRST) Releases Quarterly Earnings Results, Misses Estimates By $0.35 EPS

Primis Financial (NASDAQ:FRST) posted its quarterly earnings results on Thursday. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.35), Zacks reports. The firm had revenue of $66.40 million during the quarter. During the same period last year, the firm posted $0.32 earnings per share.

Primis Financial Price Performance

NASDAQ FRST traded down $0.45 during trading hours on Friday, hitting $11.35. The company’s stock had a trading volume of 152,166 shares, compared to its average volume of 65,600. Primis Financial has a 12 month low of $7.71 and a 12 month high of $13.69. The company’s 50 day simple moving average is $11.85 and its two-hundred day simple moving average is $11.22. The company has a market cap of $280.14 million, a P/E ratio of 13.20 and a beta of 0.75.

Primis Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a $0.10 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.40 annualized dividend and a yield of 3.52%. Primis Financial’s payout ratio is 46.51%.

About Primis Financial

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.