Primis Financial (NASDAQ:FRST) Releases Earnings Results, Misses Estimates By $0.76 EPS

Primis Financial (NASDAQ:FRST) issued its earnings results on Tuesday. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.76), Zacks reports. Primis Financial had a net margin of 6.00% and a return on equity of 3.28%.

Primis Financial Stock Performance

Shares of FRST traded down $0.16 during trading hours on Tuesday, hitting $11.43. The company had a trading volume of 65,223 shares, compared to its average volume of 52,495. The business has a fifty day moving average of $11.83 and a 200-day moving average of $11.89. The company has a quick ratio of 0.86, a current ratio of 0.99 and a debt-to-equity ratio of 0.24. The firm has a market cap of $282.55 million, a price-to-earnings ratio of 11.87 and a beta of 0.79. Primis Financial has a 12 month low of $9.52 and a 12 month high of $13.69.

Analyst Ratings Changes

Separately, Stephens cut their price objective on Primis Financial from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th.

Insider Buying and Selling

In other Primis Financial news, Director F L. Garrett III bought 3,660 shares of Primis Financial stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $12.32 per share, with a total value of $45,091.20. Following the completion of the transaction, the director now owns 41,169 shares in the company, valued at $507,202.08. The trade was a 9.76 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 10.89% of the stock is currently owned by insiders.

About Primis Financial

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.