NASDAQ:FRST Primis Financial (FRST) Stock Forecast, Price & News $7.56 +0.19 (+2.58%) (As of 06/1/2023 ET) Add Compare Share Share Today's Range$7.40▼$7.6050-Day Range$7.07▼$9.8252-Week Range$7.01▼$14.41Volume63,518 shsAverage Volume50,431 shsMarket Capitalization$186.58 millionP/E Ratio10.08Dividend Yield5.29%Price Target$13.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainability Primis Financial MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside78.6% Upside$13.50 Price TargetShort InterestHealthy0.80% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.60Upright™ Environmental ScoreNews SentimentN/AInsider TradingAcquiring Shares$236,016 Bought Last QuarterProj. Earnings Growth16.15%From $1.30 to $1.51 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.28 out of 5 starsFinance Sector17th out of 1,786 stocksState Commercial Banks Industry5th out of 374 stocks 3.5 Analyst's Opinion Consensus RatingPrimis Financial has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $13.50, Primis Financial has a forecasted upside of 78.6% from its current price of $7.56.Amount of Analyst CoveragePrimis Financial has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.80% of the float of Primis Financial has been sold short.Short Interest Ratio / Days to CoverPrimis Financial has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous month Previous Next 3.3 Dividend Strength Dividend LeadershipPrimis Financial is a leading dividend payer. It pays a dividend yield of 5.41%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPrimis Financial does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Primis Financial is 53.33%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Primis Financial will have a dividend payout ratio of 26.49% next year. This indicates that Primis Financial will be able to sustain or increase its dividend. Previous Next 3.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScorePrimis Financial has received a 34.06% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Retirement saving services", "Cash withdrawal services", "Mortgages provided by brick and mortar banks", "Mortgage loans for corporations", "Corporate debit cards", and "Home equity loans" products. See details.Environmental SustainabilityThe Environmental Impact score for Primis Financial is -0.60. Previous Next 1.1 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Primis Financial this week, compared to 2 articles on an average week.Search Interest8 people have searched for FRST on MarketBeat in the last 30 days. This is an increase of 167% compared to the previous 30 days.MarketBeat Follows3 people have added Primis Financial to their MarketBeat watchlist in the last 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Primis Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $236,016.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders11.08% of the stock of Primis Financial is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions71.22% of the stock of Primis Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Primis Financial are expected to grow by 16.15% in the coming year, from $1.30 to $1.51 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Primis Financial is 10.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.11.Price to Earnings Ratio vs. SectorThe P/E ratio of Primis Financial is 10.08, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 160.64.Price to Book Value per Share RatioPrimis Financial has a P/B Ratio of 0.47. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Primis Financial (NASDAQ:FRST) StockPrimis Financial Corp. is a holding company, which engages in the provision of financial services through its subsidiary Sonabank. The firm focuses on making loans secured primarily by commercial real estate and other types of secured and unsecured commercial loans to small and medium-sized businesses in a number of industries, as well as loans to individuals for a variety of purposes. It also invests in real estate related securities, including collateralized mortgage obligations and agency mortgage backed securities. The company was founded by Georgia S. Derrico and R. Roderick Porter in July 28, 2004 and is headquartered in McLean, VA.Read More Receive FRST Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Primis Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address FRST Stock News HeadlinesJune 2, 2023 | msn.comToday's Best High-interest CDs and Best Savings Accounts: May 31, 2023May 22, 2023 | benzinga.comSHAREHOLDER ALERT: Purcell & Lefkowitz LLP Is Investigating Primis Financial Corp. for Potential Breaches of Fiduciary Duty By Its Board of DirectorsJune 2, 2023 | Vantage Point (Ad)We Called (ARWR) In Advance, Which Stocks Are Next?Nearly 56% gains in 30 days! This bullish trend reversal was not only forecasted by A.I., but we called it 1 – 3 days in advance. If you have any money invested in the markets…even just your retirement, you’ll want to see this. Plus, it’s FREE - the training is only an hour & LIVE. May 20, 2023 | americanbankingnews.comPrimis Financial Corp. (NASDAQ:FRST) Director Acquires $20,261.36 in StockMay 13, 2023 | americanbankingnews.comAnalyzing Farmers National Banc (NASDAQ:FMNB) and Primis Financial (NASDAQ:FRST)May 11, 2023 | americanbankingnews.comInsider Buying: Primis Financial Corp. (NASDAQ:FRST) Director Purchases 2,700 Shares of StockMay 10, 2023 | americanbankingnews.comPrimis Financial Corp. (NASDAQ:FRST) Director Robert Yates Clagett Acquires 2,730 Shares of StockApril 30, 2023 | msn.comFDIC Gathers Bids for First Republic BankJune 2, 2023 | Vantage Point (Ad)We Called (ARWR) In Advance, Which Stocks Are Next?Nearly 56% gains in 30 days! This bullish trend reversal was not only forecasted by A.I., but we called it 1 – 3 days in advance. If you have any money invested in the markets…even just your retirement, you’ll want to see this. Plus, it’s FREE - the training is only an hour & LIVE. April 29, 2023 | msn.comFDIC sets Sunday deadline for First Republic Bank bids: ReportApril 29, 2023 | finance.yahoo.comQ1 2023 Primis Financial Corp Earnings CallApril 29, 2023 | marketwatch.com8-K: Primis Financial Corp.April 28, 2023 | msn.comPrimis Financial (FRST) Declares $0.10 DividendApril 27, 2023 | msn.comPrimis Financial (FRST) Misses Q1 Earnings EstimatesApril 27, 2023 | finance.yahoo.comPrimis Financial Corp. Reports Basic and Diluted Earnings per Share for the First Quarter of 2023April 26, 2023 | americanbankingnews.comPrimis Financial (FRST) to Release Earnings on ThursdayApril 23, 2023 | americanbankingnews.comPrimis Financial (NASDAQ:FRST) versus Columbia Banking System (NASDAQ:COLB) Head-To-Head ContrastApril 21, 2023 | dailymail.co.ukSavvy savers pull $60bn from banks in search of better interest rates - where are the best deals?April 21, 2023 | bizjournals.comGreater Washington banks and credit unions compete for your loansApril 17, 2023 | msn.comApple Card Now Comes With A High-Yield Savings AccountApril 17, 2023 | finance.yahoo.comPrimis Bank Review 2023: A no-frills online bank with competitive APYs and 24/7 customer serviceApril 14, 2023 | finance.yahoo.comPrimis Financial Corp. Announces Date for First Quarter 2023 Earnings Release and Conference CallApril 7, 2023 | msn.comToday's Best High-interest CDs and Best Savings Accounts: April 7, 2023April 5, 2023 | americanbankingnews.comPrimis Financial (NASDAQ:FRST) Coverage Initiated at StephensApril 4, 2023 | msn.comStephens & Co. Initiates Coverage of Primis Financial (FRST) with Overweight RecommendationApril 3, 2023 | msn.comToday's Best High-interest CDs and Best Savings Accounts: April 3, 2023April 3, 2023 | fortune.comThe 10 best high-yield savings accounts for April 2023See More Headlines FRST Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FRST Company Calendar Last Earnings10/28/2021Ex-Dividend for 5/26 Dividend5/11/2023Dividend Payable5/26/2023Today6/01/2023Next Earnings (Estimated)7/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:FRST CUSIPN/A CIK1325670 Webwww.primisbank.com Phone(703) 893-7400Fax703-893-7488Employees418Year FoundedN/APrice Target and Rating Average Stock Price Forecast$13.50 High Stock Price Forecast$14.00 Low Stock Price Forecast$13.00 Forecasted Upside/Downside+78.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.75 Trailing P/E Ratio10.08 Forward P/E Ratio5.82 P/E GrowthN/ANet Income$17.74 million Net Margins10.67% Pretax Margin13.40% Return on Equity4.51% Return on Assets0.50% Debt Debt-to-Equity Ratio0.24 Current Ratio1.00 Quick Ratio0.98 Sales & Book Value Annual Sales$147.40 million Price / Sales1.27 Cash Flow$1.02 per share Price / Cash Flow7.39 Book Value$16.22 per share Price / Book0.47Miscellaneous Outstanding Shares24,680,000Free Float21,950,000Market Cap$186.58 million OptionableNot Optionable Beta0.76 Key ExecutivesDennis J. ZemberPresident, Chief Executive Officer & DirectorMatthew A. SwitzerChief Financial Officer & Executive Vice PresidentGeorge Cody SheflettChief Information Officer & EVPMarie T. LeibsonChief Credit Officer & Executive Vice PresidentStephen B. WeberChief Strategy Officer & Executive Vice PresidentKey CompetitorsFVCBankcorpNASDAQ:FVCBBankwell Financial GroupNASDAQ:BWFGOrange County BancorpNASDAQ:OBTSouthern States BancsharesNASDAQ:SSBKParke BancorpNASDAQ:PKBKView All CompetitorsInsiders & InstitutionsAmeriprise Financial Inc.Bought 25,119 shares on 5/22/2023Ownership: 0.231%JPMorgan Chase & Co.Sold 16,781 shares on 5/18/2023Ownership: 0.254%New York State Common Retirement FundSold 6,600 shares on 5/18/2023Ownership: 0.040%Susan B WilliamsonBought 2,716 shares on 5/17/2023Total: $20,261.36 ($7.46/share)BHZ Capital Management LPSold 4,530 shares on 5/16/2023Ownership: 1.358%View All Insider TransactionsView All Institutional Transactions FRST Stock - Frequently Asked Questions Should I buy or sell Primis Financial stock right now? 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. What is Primis Financial's stock price forecast for 2023? 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. How have FRST shares performed in 2023? 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. View the best growth stocks for 2023 here. When is Primis Financial's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023. View our FRST earnings forecast. How were Primis Financial's earnings last quarter? 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. How often does Primis Financial pay dividends? What is the dividend yield for Primis Financial? 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. Is Primis Financial a good dividend stock? 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. What is Primis Financial's stock symbol? Primis Financial trades on the NASDAQ under the ticker symbol "FRST." Who are Primis Financial's major shareholders? 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. View institutional ownership trends. How do I buy shares of Primis Financial? 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. Compare Top Brokerages Here. What is Primis Financial's stock price today? One share of FRST stock can currently be purchased for approximately $7.56. How much money does Primis Financial make? 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. How many employees does Primis Financial have? The company employs 418 workers across the globe. How can I contact Primis Financial? 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. This page (NASDAQ:FRST) was last updated on 6/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Primis Financial Corp. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.