Primis Financial (NASDAQ:FRST) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• Primis Financial (NASDAQ:FRST) received a "hold (c)" rating from Weiss Ratings, indicating a cautious stance on the stock's performance.
• The company's stock opened at $10.55, with a recent high of $12.95 and a low of $7.59 over the past year.
• In its latest earnings report, Primis Financial missed analysts' estimates, reporting $0.11 EPS against expectations of $0.24 EPS.

Primis Financial (NASDAQ:FRST - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Primis Financial Price Performance

FRST stock opened at $10.55 on Wednesday. Primis Financial has a 1 year low of $7.59 and a 1 year high of $12.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.95 and a current ratio of 0.98. The stock's 50 day moving average price is $10.96 and its 200 day moving average price is $10.17. The firm has a market cap of $259.95 million, a P/E ratio of -117.22 and a beta of 0.81.

Primis Financial (NASDAQ:FRST - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.13). Primis Financial had a negative net margin of 0.93% and a negative return on equity of 2.02%. The company had revenue of $42.36 million during the quarter, compared to analysts' expectations of $28.13 million. On average, sell-side analysts expect that Primis Financial will post 1.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Nuveen LLC purchased a new position in shares of Primis Financial during the 1st quarter worth $980,000. GAMMA Investing LLC raised its position in shares of Primis Financial by 3,268.0% in the 1st quarter. GAMMA Investing LLC now owns 6,096 shares of the company's stock worth $624,000 after buying an additional 5,915 shares during the period. Curi RMB Capital LLC raised its position in shares of Primis Financial by 2.9% in the 1st quarter. Curi RMB Capital LLC now owns 893,536 shares of the company's stock worth $8,730,000 after buying an additional 25,000 shares during the period. Rhino Investment Partners Inc purchased a new position in shares of Primis Financial in the 1st quarter worth $6,818,000. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Primis Financial in the 1st quarter worth $1,634,000. Hedge funds and other institutional investors own 74.96% of the company's stock.

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.

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