Primis Financial (FRST) Set to Announce Earnings on Thursday

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

Primis Financial (NASDAQ:FRST) last issued its quarterly earnings data on Thursday, January 25th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.07. Primis Financial had a net margin of 8.73% and a return on equity of 5.90%. The firm had revenue of $39.24 million during the quarter, compared to the consensus estimate of $36.17 million. 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 Trading Up 0.3 %

Shares of FRST stock opened at $10.84 on Tuesday. Primis Financial has a 1 year low of $7.01 and a 1 year high of $13.69. The firm has a fifty day moving average price of $11.81 and a 200-day moving average price of $11.19. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.99 and a quick ratio of 0.97. The company has a market cap of $267.53 million, a price-to-earnings ratio of 12.60 and a beta of 0.73.

Primis Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Thursday, February 8th. Primis Financial’s payout ratio is 46.51%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, Director Charles A. Kabbash bought 3,390 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was bought at an average price of $12.51 per share, with a total value of $42,408.90. Following the acquisition, the director now owns 76,183 shares of the company’s stock, valued at approximately $953,049.33. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders bought 7,500 shares of company stock valued at $91,631. Company insiders own 10.63% 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.