Primis Financial (FRST) Expected to Announce Quarterly Earnings on Thursday

Primis Financial (NASDAQ:FRST) is anticipated to post its quarterly 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. Investors interested in listening to the company’s conference call can do so using this link.

Primis Financial (NASDAQ:FRST) last announced its earnings results on Thursday, October 24th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.35). Primis Financial had a return on equity of 3.28% and a net margin of 6.00%. The company had revenue of $66.40 million during the quarter. During the same period in the previous 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 Trading Up 0.8 %

NASDAQ FRST opened at $11.31 on Tuesday. The stock’s 50-day simple moving average is $11.91 and its two-hundred day simple moving average is $11.86. Primis Financial has a twelve month low of $9.52 and a twelve month high of $13.69. The company has a quick ratio of 0.86, a current ratio of 0.99 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $279.58 million, a price-to-earnings ratio of 11.27 and a beta of 0.79.

Primis Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Friday, November 8th.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director F L. Garrett III bought 3,660 shares of the stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $12.32 per share, for a total transaction of $45,091.20. Following the purchase, the director now directly owns 41,169 shares in the company, valued at $507,202.08. This trade represents a 9.76 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.89% of the company’s stock.

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.