Primis Financial (NASDAQ:FRST) Announces Quarterly Earnings Results

Posted by Trevor Kearing on Oct 27th, 2024

Primis Financial (NASDAQ:FRST – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.35), Zacks reports. The firm had revenue of $66.40 million during the quarter. During the same quarter last year, the business earned $0.32 EPS.

Primis Financial Stock Down 3.8 %

NASDAQ FRST traded down $0.45 on Friday, hitting $11.35. The company’s stock had a trading volume of 152,166 shares, compared to its average volume of 65,600. The firm has a market cap of $280.14 million, a PE ratio of 13.20 and a beta of 0.75. The company’s 50-day moving average is $11.85 and its 200 day moving average is $11.22. Primis Financial has a 1-year low of $7.71 and a 1-year high of $13.69.

Primis Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date is Friday, November 8th. Primis Financial’s payout ratio is 46.51%.

Primis Financial Company Profile

(Get Free Report)

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.