Primis Financial (NASDAQ:FRST) Issues Earnings Results

Posted by Brenda Bartman on Jul 24th, 2026

Primis Financial (NASDAQ:FRST – Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.15), FiscalAI reports. The company had revenue of $55.79 million for the quarter, compared to analysts’ expectations of $48.77 million. Primis Financial had a net margin of 19.71% and a return on equity of 4.98%.

Primis Financial Trading Down 1.2%

Primis Financial stock traded down $0.20 during trading hours on Friday, hitting $15.49. The company had a trading volume of 115,031 shares, compared to its average volume of 182,742. The firm has a market cap of $385.52 million, a P/E ratio of 7.31 and a beta of 0.72. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 1.02. Primis Financial has a 1 year low of $9.55 and a 1 year high of $16.77. The company has a 50-day moving average price of $15.32 and a two-hundred day moving average price of $14.24.

Primis Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, August 7th. This represents a $0.40 dividend on an annualized basis and a yield of 2.6%. Primis Financial’s dividend payout ratio (DPR) is presently 18.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wall Street Zen downgraded Primis Financial from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings upgraded Primis Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Keefe, Bruyette & Woods began coverage on Primis Financial in a research report on Monday, April 20th. They issued an “outperform” rating and a $17.00 price target for the company. Finally, Raymond James Financial began coverage on shares of Primis Financial in a research note on Thursday, June 25th. They set a “strong-buy” rating and a $19.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $18.00.

Get Our Latest Stock Report on Primis Financial

Hedge Funds Weigh In On Primis Financial

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in shares of Primis Financial by 12.6% in 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 increased its holdings in Primis Financial by 25.5% during the 1st quarter. AQR Capital Management LLC now owns 23,904 shares of the company’s stock worth $234,000 after purchasing an additional 4,864 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Primis Financial by 11.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,072 shares of the company’s stock worth $128,000 after purchasing an additional 1,370 shares during the period. Goldman Sachs Group Inc. raised its position in Primis Financial by 170.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 248,639 shares of the company’s stock valued at $2,429,000 after purchasing an additional 156,703 shares in the last quarter. Finally, Empowered Funds LLC raised its position in Primis Financial by 65.3% during the 1st quarter. Empowered Funds LLC now owns 26,621 shares of the company’s stock valued at $260,000 after purchasing an additional 10,515 shares in the last quarter. 74.96% of the stock is owned by hedge funds and other 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.