Primis Financial (FRST) to Release Quarterly Earnings on Thursday

Primis Financial (NASDAQ:FRST) is anticipated to issue its Q2 2025 quarterly earnings data after the market closes on Thursday, July 24th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $28.13 million for the quarter.

Primis Financial (NASDAQ:FRST) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.12). Primis Financial had a negative net margin of 2.94% and a negative return on equity of 1.83%. The firm had revenue of $32.53 million during the quarter, compared to analyst estimates of $26.90 million. 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 Price Performance

FRST stock opened at $11.21 on Thursday. The firm has a 50 day moving average of $10.06 and a 200-day moving average of $10.05. Primis Financial has a 12-month low of $7.59 and a 12-month high of $13.52. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.26. The company has a market cap of $277.11 million, a price-to-earnings ratio of -38.66 and a beta of 0.74.

Primis Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, May 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.57%. Primis Financial’s dividend payout ratio (DPR) is -137.93%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FRST. Wall Street Zen raised shares of Primis Financial from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Maxim Group started coverage on shares of Primis Financial in a research note on Monday, May 12th. They issued a “buy” rating and a $1.00 target price on the stock.

Institutional Investors Weigh In On Primis Financial

Large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its holdings in shares of Primis Financial by 170.4% in the first quarter. Goldman Sachs Group Inc. now owns 248,639 shares of the company’s stock valued at $2,429,000 after acquiring an additional 156,703 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Primis Financial in the 1st quarter valued at approximately $220,000. Empowered Funds LLC lifted its position in Primis Financial by 65.3% in the 1st quarter. Empowered Funds LLC now owns 26,621 shares of the company’s stock worth $260,000 after buying an additional 10,515 shares in the last quarter. AQR Capital Management LLC lifted its position in Primis Financial by 25.5% in the 1st quarter. AQR Capital Management LLC now owns 23,904 shares of the company’s stock worth $234,000 after buying an additional 4,864 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in Primis Financial by 12.6% in the 1st quarter. Royal Bank of Canada now owns 24,875 shares of the company’s stock worth $243,000 after buying an additional 2,790 shares in the last quarter. Institutional investors and hedge funds 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.