Primis Financial (FRST) to Release Quarterly Earnings on Thursday

Primis Financial (NASDAQ:FRST) is projected to announce its earnings results 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. Individual interested in registering for the company’s earnings conference call can do so using this link.

Primis Financial (NASDAQ:FRST) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.35). The business had revenue of $66.40 million during the quarter. Primis Financial had a net margin of 6.00% and a return on equity of 3.28%. During the same period in the prior year, the business 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 Price Performance

Primis Financial stock opened at $11.43 on Wednesday. The company’s 50 day moving average is $11.89 and its two-hundred day moving average is $11.87. The firm has a market cap of $282.55 million, a PE ratio of 7.37 and a beta of 0.79. The company has a quick ratio of 0.86, a current ratio of 0.99 and a debt-to-equity ratio of 0.24. Primis Financial has a 52-week low of $9.52 and a 52-week high of $13.69.

Primis Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.10 dividend. 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 currently 25.81%.

Insider Buying and Selling

In other news, Director F L. Garrett III acquired 3,660 shares of the firm’s 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 transaction, the director now owns 41,169 shares in the company, valued at approximately $507,202.08. This trade represents a 9.76 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 10.89% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.