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FRST

FRST - Primis Financial Corp. Stock Price, Fair Value and News

9.68USD-0.20 (-2.02%)Market Closed

Market Summary

FRST
USD9.68-0.20
Market Closed
-2.02%

FRST Stock Price

View Fullscreen

FRST RSI Chart

FRST Valuation

Market Cap

268.5M

Price/Earnings (Trailing)

50.09

Price/Sales (Trailing)

1.38

EV/EBITDA

1.39

Price/Free Cashflow

-5.02

FRST Price/Sales (Trailing)

FRST Profitability

EBT Margin

4.90%

Return on Equity

1.36%

Return on Assets

0.14%

Free Cashflow Yield

-19.93%

FRST Fundamentals

FRST Revenue

Revenue (TTM)

189.0M

Rev. Growth (Yr)

55.05%

Rev. Growth (Qtr)

-4.16%

FRST Earnings

Earnings (TTM)

5.2M

Earnings Growth (Yr)

-170.99%

Earnings Growth (Qtr)

-1.8K%

Breaking Down FRST Revenue

Last 7 days

-4.4%

Last 30 days

-6.4%

Last 90 days

-16.8%

Trailing 12 Months

21.4%

How does FRST drawdown profile look like?

FRST Financial Health

FRST Investor Care

Dividend Yield

3.77%

Dividend/Share (TTM)

0.4

Shares Dilution (1Y)

0.07%

Diluted EPS (TTM)

0.25

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023146.7M171.1M189.0M0
2022109.5M111.1M115.9M126.1M
2021119.6M117.6M116.7M113.2M
2020118.7M117.0M115.2M117.8M
2019121.2M121.9M122.3M120.5M
201899.0M114.5M115.7M118.9M
201749.8M51.8M68.0M83.6M
201645.8M47.4M48.8M49.8M
201539.9M41.7M42.9M43.7M
201434.7M35.1M36.2M38.1M
201337.5M36.7M35.9M35.1M
201234.6M36.2M37.4M37.6M
201136.0M35.2M35.4M33.6M
2010028.0M32.2M36.3M
200900023.9M
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Tracking the Latest Insider Buys and Sells of Primis Financial Corp.

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 14, 2024
biagas john fitzgerald
bought
24,897
11.856
2,100
-
Mar 14, 2024
cook william rand
bought
24,971
11.835
2,110
-
Mar 13, 2024
cook william rand
bought
20,130
12.2
1,650
-
Mar 13, 2024
biagas john fitzgerald
bought
19,979
12.22
1,635
-
Mar 13, 2024
kabbash charles a
bought
25,112
12.4014
2,025
-
Mar 12, 2024
kabbash charles a
bought
511
12.775
40.00
-
Mar 12, 2024
kabbash charles a
bought
42,394
12.5056
3,390
-
Mar 12, 2024
fulk rickey allen
bought
24,245
12.1225
2,000
evp, president
Aug 10, 2023
kabbash charles a
bought
31,059
9.82889
3,160
-

1–10 of 50

Which funds bought or sold FRST recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
unchanged
-
-191
632
-%
May 28, 2024
Boston Partners
reduced
-4.35
-231,590
2,645,000
-%
May 16, 2024
JANE STREET GROUP, LLC
added
7.97
5,109
139,761
-%
May 16, 2024
COMERICA BANK
unchanged
-
-478
11,878
-%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-38.91
-17,432
24,802
-%
May 15, 2024
Cubist Systematic Strategies, LLC
added
333
498,323
655,902
-%
May 15, 2024
PATRIOT FINANCIAL PARTNERS GP, LP
added
19.66
1,935,410
14,817,400
5.53%
May 15, 2024
TWO SIGMA ADVISERS, LP
added
12.45
66,697
890,382
-%
May 15, 2024
PRICE T ROWE ASSOCIATES INC /MD/
added
4.17
1,000
411,000
-%
May 15, 2024
FIRST MANHATTAN CO. LLC.
reduced
-0.93
-129,583
2,589,540
0.01%

1–10 of 50

Are Funds Buying or Selling FRST?

Are funds buying FRST calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own FRST
No. of Funds

Unveiling Primis Financial Corp.'s Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2024
wellington management group llp
0.00%
0
SC 13G/A
Jan 26, 2024
blackrock inc.
7.4%
1,832,377
SC 13G/A
Feb 06, 2023
banc funds co llc
2.8%
696,919
SC 13G/A
Feb 06, 2023
wellington management group llp
5.52%
1,361,228
SC 13G/A
Feb 01, 2023
blackrock inc.
5.6%
1,378,021
SC 13G/A
Feb 09, 2022
banc funds co llc
2.5%
619,319
SC 13G/A
Feb 04, 2022
wellington management group llp
6.50%
1,597,346
SC 13G
Feb 03, 2022
blackrock inc.
5.7%
1,395,726
SC 13G

Recent SEC filings of Primis Financial Corp.

View All Filings
Date Filed Form Type Document
May 22, 2024
8-K
Current Report
May 13, 2024
NT 10-Q
NT 10-Q
Apr 25, 2024
8-K
Current Report
Apr 09, 2024
8-K
Current Report
Apr 01, 2024
NT 10-K/A
NT 10-K/A
Mar 18, 2024
NT 10-K
NT 10-K
Mar 15, 2024
4
Insider Trading
Mar 15, 2024
4
Insider Trading
Mar 14, 2024
4
Insider Trading
Mar 14, 2024
4
Insider Trading

Peers (Alternatives to Primis Financial Corp.)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
563.0B
180.9B
-3.93% 36.82%
11.18
3.11
60.42% 19.83%
306.8B
137.9B
1.92% 34.72%
12.26
2.22
56.12% -12.56%
199.6B
88.5B
-7.48% 36.07%
10.64
2.26
42.28% 26.14%
115.1B
140.1B
-5.27% 24.88%
14.4
0.82
54.53% -
15.7B
10.4B
-5.30% 27.31%
10.97
1.51
26.22% -33.87%
12.9B
8.1B
-9.73% 37.64%
14.71
1.58
32.15% -50.93%
MID-CAP
6.4B
4.2B
-10.83% 16.22%
9.19
1.5
34.68% -45.96%
6.1B
4.1B
-7.21% 47.33%
9.7
1.5
32.93% -30.73%
3.3B
1.3B
-4.61% 36.38%
11.64
2.51
30.60% -12.99%
3.0B
2.0B
-9.92% 18.81%
18.91
1.49
47.11% -59.32%
SMALL-CAP
497.6M
120.2M
6.68% 49.76%
19.02
4.14
45.65% -13.98%
410.3M
173.1M
2.85% 14.23%
14.06
2.37
26.54% -34.86%
371.8M
176.1M
-9.23% 5.21%
37.4
2.11
35.14% -73.84%
269.5M
98.7M
-5.93% -7.61%
9.16
2.73
6.27% -22.90%
40.3M
62.5M
-11.90% -14.13%
-13.63
0.64
18.83% -145.18%

Primis Financial Corp. News

Latest updates
MarketBeat24 hours ago
Stock Traders Daily31 May 202407:26 am

Primis Financial Corp. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Revenue-4.2%50.0053.0047.0039.0033.0028.0027.0029.0028.0027.0030.0032.0029.0029.0028.0029.0030.0030.0030.0031.0030.00
EBITDA Margin-15.3%0.64*0.75*0.91*1.01*1.10*1.12*1.16*1.18*1.18*1.17*1.11*1.00*---------
Interest Expenses3.7%27.0026.0028.0030.0027.0025.0023.0024.0023.0022.0025.0026.0023.0022.0021.0021.0021.0021.0021.0023.0023.00
Income Taxes8790.9%2.00-0.022.001.001.001.001.002.002.002.002.002.002.001.000.001.002.001.002.003.002.00
Earnings Before Taxes-688.1%-1.65-0.217.004.006.006.006.0010.008.0011.0011.0012.008.006.000.0010.0011.0010.008.0011.0011.00
EBT Margin-51.6%0.05*0.10*0.16*0.18*0.25*0.27*0.32*0.35*0.36*0.36*0.31*0.22*---------
Net Income-1797.3%-3.57-0.196.003.005.005.005.008.004.0010.009.009.0010.005.000.009.009.009.006.008.009.00
Net Income Margin-65.8%0.03*0.08*0.13*0.14*0.19*0.19*0.24*0.28*0.28*0.33*0.27*0.20*---------
Free Cashflow75.9%-5.87-24.30-11.62-10.3510.009.003.005.008.004.008.0019.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Assets-0.9%3,8143,8484,2053,5693,3573,2373,2203,4073,4523,3953,3303,0893,1553,0722,7632,7222,6992,7242,7042,7012,703
    Cash Equivalents-6.9%94.0010160778.0098.0071.0029853065162148019614983.0056.0032.0049.0033.0032.0029.0034.00
  Net PPE-1.7%25.0025.0025.0025.0026.0026.0030.0030.0031.0030.0030.0030.0031.0031.0031.0031.0031.0031.0031.0032.0033.00
  Goodwill-10.7%93.00105105105105105102102102102102102102102102102102102102102102
Liabilities-0.7%3,4313,4553,8053,1772,9652,8382,8162,9953,0442,9882,9322,6982,7662,6912,3842,3452,3282,3622,3522,3532,362
Shareholder's Equity-2.6%383393398392390397402410409407398391389382379377371363353348341
  Retained Earnings-5.7%10010611110510710410299.0094.0093.0085.0078.0076.0069.0067.0069.0063.0056.0048.0045.0039.00
  Additional Paid-In Capital0.0%313313313313312312312311311311311309309309308307307306306306306
Shares Outstanding0.0%25.0025.00-25.0025.0025.0025.0025.0025.0025.0025.0024.00---------
Float------298---334---231---347---
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations68.9%-7,272-23,358-11,155-10,04410,6239,4833,0435,2089,0274,6048,84918,831-1,4901,46810,2919,47412,0413,80111,6909,67811,711
  Share Based Compensation4.1%76.0073.00108-56411692.0075110684.0075.0048258.0092.00-11.001,40480.0085.00163104-47.00158
Cashflow From Investing120.5%26,413-129,005-75,703-218,275-106,522-235,900-56,814-80,528-34,32680,18240,38197,934-3,169-280,486-18,552-44,27441,794-15,46012,922-7,3464,096
Cashflow From Financing92.6%-26,144-353,894616,124208,440122,916-1,092-178,166-49,69554,57856,180235,149-70,41571,345305,73932,19818,398-38,35112,906-21,382-8,184-33,507
  Dividend Payments0.0%2,4692,4682,4692,4662,4652,4652,4572,4582,4542,4532,4422,4372,4372,4352,4282,1762,1732,1712,1701,9241,925
  Buy Backs---12.00------------------
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FRST Income Statement

2023-09-30
CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest and dividend income:    
Interest and fees on loans$ 47,771$ 30,488$ 133,047$ 81,548
Interest and dividends on taxable securities1,4911,4174,4234,082
Interest and dividends on tax exempt securities102101305311
Interest and dividends on other earning assets1,12255512,5041,409
Total interest and dividend income50,48632,561150,27987,350
Interest expense:    
Interest on deposits21,5763,28761,4037,971
Interest on other borrowings1,7851,8597,2294,558
Total interest expense23,3615,14668,63212,529
Net interest income27,12527,41581,64774,821
Provision for credit losses1,6482,89011,1363,411
Net interest income after provision for credit losses25,47724,52570,51171,410
Noninterest income:    
Account maintenance and deposit service fees1,5031,5254,1494,318
Income from bank-owned life insurance7873941,6011,147
Mortgage banking income4,9222,19714,4352,790
Gain on sale of loans451 1,1110
Credit enhancement income2,0471,2208,0851,220
Other noninterest income232284579865
Total noninterest income9,9425,62029,96010,340
Noninterest expenses:    
Salaries and benefits13,80912,59444,12032,792
Occupancy expenses1,6331,4024,6714,277
Furniture and equipment expenses1,5371,4554,9663,683
Amortization of intangible assets3173269521,008
Virginia franchise tax expense8498132,5462,440
FDIC insurance assessment8201992,254658
Data processing expense2,2501,5287,3294,311
Marketing expense3779381,4672,134
Telephone and communication expense3563421,1491,090
Professional fees1,1181,2613,0553,182
Credit enhancement costs337 1,725 
Goodwill impairment11,150 11,150 
Other operating expenses2,5212,9039,6467,695
Total noninterest expenses37,07423,76195,03063,270
(Loss) income before income taxes(1,655)6,3845,44118,480
Income tax expense1,9121,3593,2433,971
Net income(3,567)5,0252,19814,509
Other comprehensive loss:    
Unrealized loss on available-for-sale securities(5,557)(12,068)(5,850)(36,167)
Tax benefit(1,167)(2,534)(1,229)(7,595)
Other comprehensive loss(4,390)(9,534)(4,621)(28,572)
Comprehensive loss$ (7,957)$ (4,509)$ (2,423)$ (14,063)
(Loss) earnings per share, basic (in dollars per share)$ (0.14)$ 0.21$ 0.09$ 0.60
(Loss) earnings per share, diluted (in dollars per share)$ (0.14)$ 0.20$ 0.09$ 0.59

FRST Balance Sheet

2023-09-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Cash and cash equivalents:  
Cash and due from financial institutions$ 23,966$ 6,868
Interest-bearing deposits in other financial institutions69,89970,991
Total cash and cash equivalents93,86577,859
Securities available-for-sale, at fair value (amortized cost of $255,446 and $269,036, respectively)216,875236,315
Securities held-to-maturity, at amortized cost (fair value of $10,582 and $12,449, respectively)11,97513,520
Loans held for sale, at fair value57,51127,626
Loans held for sale, at lower of cost or market8,7550
Total loans held for sale66,26627,626
Loans held for investment3,145,8672,946,637
Less: allowance for credit losses(35,767)(34,544)
Net loans3,110,1002,912,093
Stock in Federal Reserve Bank (FRB) and Federal Home Loan Bank (FHLB)12,79625,815
Bank premises and equipment, net24,87825,257
Goodwill93,459104,609
Intangible assets, net2,2823,254
Bank-owned life insurance67,17667,201
Deferred tax assets, net22,45618,289
Other assets91,64757,661
Total assets3,813,7753,569,499
LIABILITIES AND STOCKHOLDERS' EQUITY  
Noninterest-bearing demand deposits490,719582,556
Interest-bearing deposits:  
NOW accounts803,276617,687
Money market accounts800,951811,365
Savings accounts746,608245,713
Time deposits451,850465,057
Total interest-bearing deposits2,802,6852,139,822
Total deposits3,293,4042,722,378
Securities sold under agreements to repurchase3,8386,445
FHLB advances0325,000
Junior subordinated debt9,8189,781
Senior subordinated notes85,70685,531
Other liabilities38,14327,999
Total liabilities3,430,9093,177,134
Commitments and contingencies (See Note 8)
Stockholders' equity:  
Preferred stock, $0.01 par value. Authorized 5,000,000 shares; no shares issued and outstanding
Common stock, $0.01 par value. Authorized 45,000,000 shares; 24,686,764 and 24,680,097 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively246246
Additional paid in capital313,052312,722
Retained earnings100,039105,247
Accumulated other comprehensive loss(30,471)(25,850)
Total stockholders' equity382,866392,365
Total liabilities and stockholders' equity$ 3,813,775$ 3,569,499
FRST
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. The company also provides commercial business and real estate, construction, secured asset based, small business administration, mortgage warehouse lending products, as well as financing for medical, dental, and veterinary businesses; residential mortgage, trust mortgage, home equity lines of credit, secured and unsecured personal, and consumer loans, as well as life insurance premium financing and demand loans. It also offers cash management services comprising investment/sweep, zero balance, and controlled disbursement accounts; and wire transfer, employer/payroll processing, night depository, depository transfer, merchant, ACH origination, and remote deposit capture services. In addition, the company provides debit cards, ATM services, notary services, and mobile and online banking. It operates full-service branches in Virginia and Maryland. The company was formerly known as Southern National Bancorp of Virginia, Inc. and changed its name to Primis Financial Corp. Primis Financial Corp. was founded in 2004 and is based in McLean, Virginia.
 CEO
 WEBSITEprimisbank.com
 INDUSTRYBanks Diversified
 EMPLOYEES565

Primis Financial Corp. Frequently Asked Questions


What is the ticker symbol for Primis Financial Corp.? What does FRST stand for in stocks?

FRST is the stock ticker symbol of Primis Financial Corp.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Primis Financial Corp. (FRST)?

As of Thu Jun 13 2024, market cap of Primis Financial Corp. is 268.54 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FRST stock?

You can check FRST's fair value in chart for subscribers.

What is the fair value of FRST stock?

You can check FRST's fair value in chart for subscribers. The fair value of Primis Financial Corp. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Primis Financial Corp. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FRST so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Primis Financial Corp. a good stock to buy?

The fair value guage provides a quick view whether FRST is over valued or under valued. Whether Primis Financial Corp. is cheap or expensive depends on the assumptions which impact Primis Financial Corp.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FRST.

What is Primis Financial Corp.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Jun 13 2024, FRST's PE ratio (Price to Earnings) is 50.09 and Price to Sales (PS) ratio is 1.38. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FRST PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Primis Financial Corp.'s stock?

In the past 10 years, Primis Financial Corp. has provided 0.018 (multiply by 100 for percentage) rate of return.