Raymond James Financial Upgrades Primis Financial (NASDAQ:FRST) to Strong-Buy

Posted by Geri Gentry on Jun 27th, 2026

Primis Financial (NASDAQ:FRST – Get Free Report) was upgraded by stock analysts at Raymond James Financial to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Other research analysts also recently issued reports about the company. Wall Street Zen downgraded Primis Financial from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Keefe, Bruyette & Woods assumed coverage on Primis Financial in a research report on Monday, April 20th. They set an “outperform” rating and a $17.00 price objective for the company. Finally, Weiss Ratings upgraded Primis Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Primis Financial has a consensus rating of “Buy” and an average target price of $18.00.

View Our Latest Report on FRST

Primis Financial Stock Up 5.7%

FRST stock opened at $16.65 on Thursday. The firm has a 50-day moving average price of $14.70 and a 200-day moving average price of $13.86. The stock has a market capitalization of $412.45 million, a P/E ratio of 7.85 and a beta of 0.75. Primis Financial has a 12 month low of $9.55 and a 12 month high of $16.77. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Primis Financial (NASDAQ:FRST – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $45.63 million during the quarter, compared to the consensus estimate of $43.87 million. Primis Financial had a net margin of 19.71% and a return on equity of 4.98%. As a group, equities research analysts anticipate that Primis Financial will post 1.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FRST. Russell Investments Group Ltd. raised its stake in shares of Primis Financial by 290.2% in the third quarter. Russell Investments Group Ltd. now owns 2,345 shares of the company’s stock worth $25,000 after purchasing an additional 1,744 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Primis Financial during the second quarter worth $25,000. PNC Financial Services Group Inc. boosted its holdings in shares of Primis Financial by 27.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,786 shares of the company’s stock worth $61,000 after buying an additional 1,231 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Primis Financial by 278.2% in the third quarter. BNP Paribas Financial Markets now owns 7,742 shares of the company’s stock valued at $81,000 after purchasing an additional 5,695 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC purchased a new stake in Primis Financial in the 4th quarter worth about $82,000. 74.96% of the stock is owned by institutional investors.

About Primis Financial

(Get Free Report)

Primis Financial Corporation is a bank holding company headquartered in Waycross, Georgia, operating through its wholly owned subsidiary, Primis Bank. The company offers a full suite of commercial and retail banking services tailored to meet the needs of individuals, small businesses, and agricultural clients across its service area. Primis Bank focuses on building relationships within the communities it serves, positioning itself as a local financial partner for deposit-taking, lending, and treasury management solutions.

Primis Bank maintains a network of branch offices throughout southeastern Georgia, serving a combination of rural and suburban markets.