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

Primis Financial (NASDAQ:FRST) will announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Primis Financial (NASDAQ:FRST) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.07. The company had revenue of $39.24 million for the quarter, compared to analyst estimates of $36.17 million. Primis Financial had a return on equity of 5.90% and a net margin of 8.73%. On average, analysts expect Primis Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Primis Financial Price Performance

NASDAQ:FRST opened at $10.95 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.97 and a current ratio of 0.99. The stock’s 50-day simple moving average is $11.79 and its 200 day simple moving average is $11.21. The company has a market cap of $270.12 million, a P/E ratio of 12.73 and a beta of 0.73. Primis Financial has a 52-week low of $7.01 and a 52-week high of $13.69.

Primis Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Thursday, February 8th. Primis Financial’s dividend payout ratio is currently 46.51%.

Analyst Upgrades and Downgrades

Separately, TheStreet raised Primis Financial from a “c” rating to a “b” rating in a research report on Friday, January 26th.

Insider Activity at Primis Financial

In related news, Director Charles A. Kabbash bought 3,390 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average price of $12.51 per share, with a total value of $42,408.90. Following the completion of the transaction, the director now owns 76,183 shares in the company, valued at $953,049.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have purchased 7,500 shares of company stock valued at $91,631. 10.63% of the stock is owned by insiders.

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.