Primis Financial (FRST) Projected to Post Earnings on Tuesday

Primis Financial (NASDAQ:FRST) is projected to post its quarterly earnings results after the market closes on Tuesday, April 22nd. Analysts expect Primis Financial to post earnings of $0.26 per share and revenue of $26.90 million for the quarter.

Primis Financial (NASDAQ:FRST) last posted its quarterly earnings results on Tuesday, January 28th. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.76). Primis Financial had a negative return on equity of 2.05% and a negative net margin of 2.97%. 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 Trading Up 1.5 %

Shares of FRST opened at $8.06 on Tuesday. The firm has a market cap of $199.27 million, a P/E ratio of -26.87 and a beta of 0.59. 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 has a 1 year low of $7.75 and a 1 year high of $13.52. The company has a 50 day simple moving average of $9.95 and a two-hundred day simple moving average of $11.14.

Primis Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.96%. Primis Financial’s dividend payout ratio is -133.33%.

Insider Buying and Selling

In other Primis Financial news, Director John Fitzgerald Biagas purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $9.97 per share, with a total value of $99,700.00. Following the acquisition, the director now owns 88,469 shares in the company, valued at approximately $882,035.93. The trade was a 12.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have acquired 12,025 shares of company stock worth $122,058. Insiders own 10.89% 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.