Primis Financial (FRST) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Primis Financial in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FRST shares.
View FRST analyst ratings or view top-rated stocks.

2 brokers have issued 1 year price targets for Primis Financial's stock. Their FRST share price forecasts range from $13.00 to $14.00. On average, they expect the company's share price to reach $13.50 in the next year. This suggests a possible upside of 78.6% from the stock's current price.
View analysts price targets for FRST or view top-rated stocks among Wall Street analysts.

Primis Financial's stock was trading at $11.85 on January 1st, 2023. Since then, FRST stock has decreased by 36.2% and is now trading at $7.56.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our FRST earnings forecast.

Primis Financial Corp. (NASDAQ:FRST) announced its quarterly earnings results on Thursday, October, 28th. The company reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. The company earned $25.89 million during the quarter, compared to analysts' expectations of $26.83 million. Primis Financial had a trailing twelve-month return on equity of 4.51% and a net margin of 10.67%. During the same period in the prior year, the firm earned $0.39 earnings per share.

Primis Financial announced a quarterly dividend on Thursday, April 27th. Shareholders of record on Friday, May 12th will be given a dividend of $0.10 per share on Friday, May 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date of this dividend is Thursday, May 11th.
Read our dividend analysis for FRST.

Primis Financial (NASDAQ:FRST) pays an annual dividend of $0.40 per share and currently has a dividend yield of 5.41%. FRST has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 53.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FRST will have a dividend payout ratio of 26.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FRST.

Primis Financial trades on the NASDAQ under the ticker symbol "FRST."

Primis Financial's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.55%), Wellington Management Group LLP (5.38%), Dimensional Fund Advisors LP (4.82%), Patriot Financial Partners GP LP (3.66%), Maltese Capital Management LLC (2.13%) and RMB Capital Management LLC (2.07%). Insiders that own company stock include Ann-Stanton C Gore, Barry P Almond, Bruce Todd Brockwell, Charles A Kabbash, Charles A Kabbash, Cheryl Wood, Clinton Tyler Stafford, Deborah Diaz, Dennis J Zember Jr, Eric Alan Johnson, F L Garrett III, F L Garrett III, George Cody Sheflett Jr, John Fitzgerald Biagas, John M Eggemeyer III, Marie Taylor Leibson, Matthew Alan Switzer, Robert Yates Clagett, Susan B Williamson, W Bruce Jennings and William Rand Cook.
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Shares of FRST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FRST stock can currently be purchased for approximately $7.56.

Primis Financial (NASDAQ:FRST) has a market capitalization of $186.58 million and generates $147.40 million in revenue each year. The company earns $17.74 million in net income (profit) each year or $0.75 on an earnings per share basis.

The company employs 418 workers across the globe.

Primis Financial's mailing address is 6830 Old Dominion Drive, McLean VA, 22101. The official website for the company is www.primisbank.com. The company can be reached via phone at (703) 893-7400, via email at investor@sonabank.com, or via fax at 703-893-7488.