Primis Financial (NASDAQ:FRST) Issues Earnings Results, Misses Expectations By $0.35 EPS

Primis Financial (NASDAQ:FRST) issued its earnings results on Thursday. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.35), Zacks reports. The company had revenue of $66.40 million for the quarter. During the same quarter in the previous year, the business earned $0.32 earnings per share.

Primis Financial Price Performance

NASDAQ FRST traded down $0.45 on Friday, hitting $11.35. 152,166 shares of the stock were exchanged, compared to its average volume of 65,600. Primis Financial has a 52-week low of $7.71 and a 52-week high of $13.69. The company has a market capitalization of $280.14 million, a price-to-earnings ratio of 13.20 and a beta of 0.75. The company’s 50-day moving average price is $11.85 and its two-hundred day moving average price is $11.21.

Primis Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.52%. The ex-dividend date is Friday, November 8th. 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.