FRST icon

Primis Financial Corp

11.91 USD
+0.40
3.48%
At close Dec 20, 4:00 PM EST
After hours
11.91
+0.00
0.00%
1 day
3.48%
5 days
-4.57%
1 month
-2.46%
3 months
-5.10%
6 months
24.06%
Year to date
-6.07%
1 year
1.28%
5 years
-28.73%
10 years
5.87%
 

About: Primis Financial Corp is the bank holding company for Primis Bank, providing financial services to individuals and small and medium-sized businesses. Primis Bank offers a wide range of commercial banking services, it focuses on making loans secured majorly 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. Primis Bank offers a broad range of deposit products, including checking (NOW), savings, money market accounts and certificates of deposit.

Employees: 528

0
Funds holding %
of 6,809 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

34% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 35

16% more capital invested

Capital invested by funds: $199M [Q2] → $230M (+$31M) [Q3]

3.41% more ownership

Funds ownership: 73.22% [Q2] → 76.63% (+3.41%) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]

2% less funds holding

Funds holding: 125 [Q2] → 122 (-3) [Q3]

23% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 13

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target
$14
18%
upside
Avg. target
$14
18%
upside
High target
$14
18%
upside

1 analyst rating

positive
100%
neutral
0%
negative
0%
Stephens & Co.
Russell Gunther
89% 1-year accuracy
16 / 18 met price target
18%upside
$14
Overweight
Maintained
30 Oct 2024

Financial journalist opinion

Neutral
PRNewsWire
2 days ago
Primis Financial Corp. Announces Reauthorization of Stock Repurchase Program and Compliance with Nasdaq Listing Rules
MCLEAN, Va. , Dec. 19, 2024 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company"), today announced that the board of directors of the Company (the "Board") approved a stock repurchase program for up to 740,600 of the outstanding shares of the Company's common stock (the "Stock Repurchase Program").
Primis Financial Corp. Announces Reauthorization of Stock Repurchase Program and Compliance with Nasdaq Listing Rules
Neutral
PRNewsWire
3 weeks ago
Primis Financial Corp. Receives Nasdaq Notice Regarding Delayed 10-Q Filing
MCLEAN, Va. , Nov. 27, 2024 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company") announced today that, as expected, it received a notice (the "Additional Notice") from Nasdaq indicating that the Company remains noncompliant with Nasdaq Listing Rule 5250(c)(1) because the Company has not filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the "Q2 Form 10-Q") and Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 (the "Q3 Form 10-Q", and together with the Q2 Form 10-Q, the "Form 10-Qs").
Primis Financial Corp. Receives Nasdaq Notice Regarding Delayed 10-Q Filing
Neutral
Seeking Alpha
1 month ago
Primis Financial Corp. (FRST) Q3 2024 Earnings Call Transcript
Primis Financial Corp. (NASDAQ:FRST ) Q3 2024 Earnings Conference Call October 25, 2024 10:00 AM ET Company Participants Matthew Switzer - Chief Financial Officer Dennis Zember - President and Chief Executive Officer Conference Call Participants Nicholas Lorenzoni - Stephens Inc. Christopher Marinac - Janney Montgomery Scott Operator Thank you for standing by. My name is Ian, and I will be your conference operator today.
Primis Financial Corp. (FRST) Q3 2024 Earnings Call Transcript
Neutral
PRNewsWire
1 month ago
Primis Financial Corp. Announces Receipt of Stay Extension
MCLEAN, Va. , Oct. 24, 2024 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company") today announced it received a notice from Nasdaq indicating that the temporary stay of delisting of the Company's common stock has been extended pending a hearing before the Nasdaq Hearings Panel (the "Panel") on December 3, 2024, and the issuance of a final Panel decision.
Primis Financial Corp. Announces Receipt of Stay Extension
Neutral
PRNewsWire
1 month ago
Primis Financial Corp. Reports Earnings per Share for the Third Quarter of 2024
Announces Sale of Life Premium Finance Division Announces Expansion of Mortgage Warehouse Lending Team Declares Quarterly Cash Dividend of $0.10 Per Share MCLEAN, Va. , Oct. 24, 2024 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company"), and its wholly-owned subsidiary, Primis Bank (the "Bank"), today reported net income available to common shareholders of $1.2 million or $0.05 per diluted share for the quarter ended September 30, 2024, compared to a net loss available to common shareholders of $6.0 million or $0.24 per diluted share for the quarter ended September 30, 2023.
Primis Financial Corp. Reports Earnings per Share for the Third Quarter of 2024
Neutral
PRNewsWire
2 months ago
Primis Financial Corp. Provides Progress Report on Filings and Compliance with Nasdaq Listing Requirements
MCLEAN, Va. , Oct. 9, 2024 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company") today provided an update on its delinquent filings and process for regaining compliance with Nasdaq listing requirements.
Primis Financial Corp. Provides Progress Report on Filings and Compliance with Nasdaq Listing Requirements
Neutral
PRNewsWire
2 months ago
Primis Financial Corp. Announces Date for Third Quarter 2024 Earnings Release and Conference Call
MCLEAN, Va. , Oct. 8, 2024 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) (the "Company") today announced that it will release third quarter 2024 results after the market closes on Thursday, October 24, 2024.
Primis Financial Corp. Announces Date for Third Quarter 2024 Earnings Release and Conference Call
Neutral
PRNewsWire
3 months ago
Primis Financial Corp. Announces Notification of Delinquency with Nasdaq
MCLEAN, Va. , Aug. 27, 2024 /PRNewswire/ -- On August 21, 2024, Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company") received an expected delinquency notification letter (the "Letter") from Nasdaq's Listing Qualifications Department which indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") as a result of the Company's failure to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 ("Second Quarter 10-Q") and its continued delay in filing its Annual Report on Form 10-K for the year ended December 31, 2023 ("Annual Report") and Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 ("First Quarter 10-Q").
Primis Financial Corp. Announces Notification of Delinquency with Nasdaq
Neutral
Seeking Alpha
4 months ago
Are AI Stocks A Better Investment Then Value Stocks?
One can find stocks with superior estimated total returns by comparing their return drivers – earnings growth, dividend yield and valuation - to historic trends. This article compares investing in the Magnificent Seven Stocks to high total return dividend value stocks. The best-balanced stocks provide potential returns three times that of the Magnificent Seven.
Are AI Stocks A Better Investment Then Value Stocks?
Neutral
PRNewsWire
4 months ago
Primis Financial Corp. Provides Update on Delayed Filing Process
MCLEAN, Va. , Aug. 12, 2024 /PRNewswire/ -- Primis Financial Corp. (NASDAQ: FRST) ("Primis" or the "Company"), and its wholly-owned subsidiary, Primis Bank (the "Bank"), today provided an update on its consultation process with the Office of the Chief Accountant of the Securities and Exchange Commission ("SEC") regarding the accounting for a consumer loan portfolio originated and serviced through a third-party (the "Program").
Primis Financial Corp. Provides Update on Delayed Filing Process
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