Primis Financial (NASDAQ:FRST - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.12), Zacks reports. The company had revenue of $32.53 million during the quarter, compared to analyst estimates of $26.90 million. Primis Financial had a negative return on equity of 2.05% and a negative net margin of 2.97%.
Primis Financial Price Performance
Shares of NASDAQ FRST traded up $0.28 during mid-day trading on Friday, reaching $9.00. 93,249 shares of the company traded hands, compared to its average volume of 72,400. Primis Financial has a fifty-two week low of $7.59 and a fifty-two week high of $13.52. The firm has a market cap of $222.51 million, a PE ratio of -30.00 and a beta of 0.59. The stock has a fifty day simple moving average of $9.23 and a 200-day simple moving average of $10.81. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.99 and a quick ratio of 0.86.
Primis Financial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend is Wednesday, May 14th. Primis Financial's dividend payout ratio is currently -137.93%.
Insiders Place Their Bets
In other Primis Financial news, Director John Fitzgerald Biagas purchased 10,000 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $9.97 per share, for a total transaction of $99,700.00. Following the completion of the transaction, the director now owns 88,469 shares in the company, valued at $882,035.93. The trade was a 12.74 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 12,025 shares of company stock worth $122,058 over the last ninety days. Company insiders own 10.89% of the company's stock.
About Primis Financial
(
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.
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