Primis Financial (FRST) to Release Earnings on Thursday

Primis Financial (NASDAQ:FRST) will likely be announcing its Q2 2025 earnings results 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 released its quarterly earnings results on Tuesday, April 29th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates 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 Trading Up 1.2%

Shares of NASDAQ FRST opened at $11.21 on Thursday. Primis Financial has a 1-year low of $7.59 and a 1-year high of $13.52. The company has a market cap of $277.11 million, a PE ratio of -38.66 and a beta of 0.74. 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 50-day moving average of $10.06 and a two-hundred day moving average of $10.05.

Primis Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Wednesday, May 14th. Primis Financial’s dividend payout ratio is presently -137.93%.

Institutional Investors Weigh In On Primis Financial

A number of institutional investors and hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Primis Financial by 11.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,072 shares of the company’s stock worth $128,000 after buying an additional 1,370 shares during the last quarter. Royal Bank of Canada grew its holdings in Primis Financial by 12.6% during the first quarter. Royal Bank of Canada now owns 24,875 shares of the company’s stock valued at $243,000 after purchasing an additional 2,790 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Primis Financial by 25.5% in the first quarter. AQR Capital Management LLC now owns 23,904 shares of the company’s stock valued at $234,000 after buying an additional 4,864 shares during the period. Empowered Funds LLC boosted its holdings in shares of Primis Financial by 65.3% in the first quarter. Empowered Funds LLC now owns 26,621 shares of the company’s stock valued at $260,000 after buying an additional 10,515 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Primis Financial in the first quarter valued at approximately $220,000. 74.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in 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 set a “buy” rating and a $1.00 price target for the company.

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.