Primis Financial (FRST) Projected to Post Earnings on Thursday

Primis Financial (NASDAQ:FRST - Get Free Report) is expected to be issuing its Q2 2025 quarterly earnings data after the market closes on Thursday, July 24th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $28.13 million for the quarter.

Primis Financial (NASDAQ:FRST - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.12). Primis Financial had a negative return on equity of 1.83% and a negative net margin of 2.94%. The company had revenue of $32.53 million for the quarter, compared to the consensus estimate of $26.90 million. On average, analysts expect Primis Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Primis Financial Stock Up 1.8%

Shares of Primis Financial stock traded up $0.20 on Thursday, reaching $11.41. 50,821 shares of the company were exchanged, compared to its average volume of 78,421. Primis Financial has a one year low of $7.59 and a one year high of $13.52. The company has a 50-day moving average of $10.06 and a 200 day moving average of $10.05. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $282.09 million, a price-to-earnings ratio of -39.34 and a beta of 0.74.

Primis Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.51%. The ex-dividend date was Wednesday, May 14th. Primis Financial's payout ratio is -137.93%.

Analyst Upgrades and Downgrades

FRST has been the topic of several analyst reports. Maxim Group initiated coverage on Primis Financial in a report on Monday, May 12th. They set a "buy" rating and a $1.00 target price on the stock. Wall Street Zen raised Primis Financial from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.

Institutional Trading of Primis Financial

Several large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Primis Financial by 11.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,072 shares of the company's stock valued at $128,000 after buying an additional 1,370 shares in the last quarter. Royal Bank of Canada boosted its stake in Primis Financial by 12.6% in the first quarter. Royal Bank of Canada now owns 24,875 shares of the company's stock valued at $243,000 after buying an additional 2,790 shares in the last quarter. AQR Capital Management LLC boosted its stake in Primis Financial by 25.5% in the first quarter. AQR Capital Management LLC now owns 23,904 shares of the company's stock valued at $234,000 after buying an additional 4,864 shares in the last quarter. Empowered Funds LLC boosted its stake in Primis Financial by 65.3% in the first quarter. Empowered Funds LLC now owns 26,621 shares of the company's stock valued at $260,000 after buying an additional 10,515 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Primis Financial in the first quarter valued at about $220,000. 74.96% of the stock is owned by institutional investors and hedge funds.

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.