Primis Financial (FRST) Scheduled to Post Quarterly Earnings on Thursday

Primis Financial (NASDAQ:FRST - Get Free Report) 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 that are interested in registering for the company's conference call can do so using this link.

Primis Financial (NASDAQ:FRST - Get Free Report) last posted its quarterly earnings results on Thursday, January 25th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.28 by $0.07. Primis Financial had a net margin of 8.73% and a return on equity of 5.90%. The business had revenue of $39.24 million during the quarter, compared to analyst estimates 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 Stock Performance

Shares of NASDAQ FRST traded up $0.27 during midday trading on Friday, hitting $10.81. The company's stock had a trading volume of 91,910 shares, compared to its average volume of 80,392. Primis Financial has a 1-year low of $7.01 and a 1-year high of $13.69. The firm's fifty day moving average price is $11.85 and its 200-day moving average price is $11.12. 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 firm has a market cap of $266.79 million, a P/E ratio of 12.57 and a beta of 0.73.

Primis Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a $0.10 dividend. The ex-dividend date was Thursday, February 8th. This represents a $0.40 annualized dividend and a yield of 3.70%. Primis Financial's dividend payout ratio is presently 46.51%.

Insider Transactions at Primis Financial

In other Primis Financial news, Director Charles A. Kabbash acquired 3,390 shares of the stock in a transaction dated Tuesday, March 12th. The shares were bought at an average price of $12.51 per share, with a total value of $42,408.90. Following the purchase, the director now directly owns 76,183 shares of the company's stock, valued at approximately $953,049.33. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have acquired 7,500 shares of company stock valued at $91,631 in the last quarter. Insiders own 11.08% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. American Century Companies Inc. grew its position in Primis Financial by 28.8% during the first quarter. American Century Companies Inc. now owns 89,684 shares of the company's stock valued at $1,254,000 after purchasing an additional 20,032 shares in the last quarter. MetLife Investment Management LLC grew its position in Primis Financial by 54.8% during the first quarter. MetLife Investment Management LLC now owns 13,159 shares of the company's stock valued at $184,000 after purchasing an additional 4,656 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Primis Financial by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,029,525 shares of the company's stock valued at $14,393,000 after purchasing an additional 26,515 shares in the last quarter. Vanguard Group Inc. grew its position in Primis Financial by 12.5% during the first quarter. Vanguard Group Inc. now owns 1,016,838 shares of the company's stock valued at $14,215,000 after purchasing an additional 112,657 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Primis Financial by 9.8% during the first quarter. First Trust Advisors LP now owns 12,518 shares of the company's stock valued at $175,000 after purchasing an additional 1,114 shares in the last quarter. 74.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, TheStreet upgraded shares of Primis Financial from a "c" rating to a "b" rating in a research report on Friday, January 26th.

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.