Primis Financial (NASDAQ:FRST) Issues Quarterly Earnings Results, Misses Expectations By $0.76 EPS

Primis Financial (NASDAQ:FRST) issued its quarterly earnings data on Tuesday. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.76), Zacks reports. Primis Financial had a return on equity of 3.28% and a net margin of 6.00%.

Primis Financial Stock Down 1.4 %

Shares of Primis Financial stock traded down $0.16 on Tuesday, hitting $11.43. 65,215 shares of the company’s stock traded hands, compared to its average volume of 52,495. 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 firm’s 50-day moving average is $11.83 and its 200 day moving average is $11.89. The stock has a market cap of $282.55 million, a P/E ratio of 11.87 and a beta of 0.79. Primis Financial has a 52-week low of $9.52 and a 52-week high of $13.69.

Wall Street Analysts Forecast Growth

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

Insider Activity at Primis Financial

In other Primis Financial news, Director F L. Garrett III bought 3,660 shares of the stock in a transaction on Friday, December 13th. The stock was purchased at an average price of $12.32 per share, for a total transaction of $45,091.20. Following the completion of the purchase, the director now directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.89% of the stock is currently owned by corporate 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.