Key Points
- John Fitzgerald Biagas bought 1,925 shares of Primis Financial on March 12 at an average price of $12.80 (after purchasing 1,550 shares on March 11 at $12.75), raising his stake to 91,944 shares (a 2.14% increase) with the transaction disclosed in an SEC filing.
- Primis authorized a $750,000 share buyback (about 0.2% of shares) and pays a quarterly dividend of $0.10 ($0.40 annualized, ~3.1% yield); the company reported a quarterly EPS of $0.10 (missing estimates of $0.34) while reporting revenue of $80.87 million (above expectations).
- The stock trades with a market cap of roughly $314.9 million and a P/E of 6.62, a 12‑month range of $7.59–$14.55, and a consensus analyst rating of “Hold” (one Buy, two Hold).
Primis Financial Corp. (NASDAQ:FRST - Get Free Report) Director John Fitzgerald Biagas acquired 1,925 shares of the firm's stock in a transaction on Thursday, March 12th. The stock was purchased at an average price of $12.80 per share, with a total value of $24,640.00. Following the transaction, the director owned 91,944 shares of the company's stock, valued at approximately $1,176,883.20. This trade represents a 2.14% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
John Fitzgerald Biagas also recently made the following trade(s):
- On Wednesday, March 11th, John Fitzgerald Biagas purchased 1,550 shares of Primis Financial stock. The stock was acquired at an average cost of $12.75 per share, with a total value of $19,762.50.
Primis Financial Stock Down 0.5%
Shares of FRST opened at $12.78 on Friday. The firm has a market cap of $314.90 million, a P/E ratio of 6.62 and a beta of 0.75. Primis Financial Corp. has a 12 month low of $7.59 and a 12 month high of $14.55. The stock's 50 day moving average is $13.56 and its two-hundred day moving average is $12.07. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 0.47.
Primis Financial (NASDAQ:FRST - Get Free Report) last announced its earnings results on Thursday, January 29th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.24). The business had revenue of $80.87 million for the quarter, compared to analysts' expectations of $30.01 million. Primis Financial had a net margin of 18.78% and a return on equity of 4.11%. Analysts predict that Primis Financial Corp. will post 1.4 earnings per share for the current fiscal year.
Primis Financial declared that its Board of Directors has authorized a share buyback plan on Thursday, December 18th that authorizes the company to repurchase $750,000.00 in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 0.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.
Primis Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, February 13th. Primis Financial's dividend payout ratio is 20.73%.
Analysts Set New Price Targets
FRST has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Primis Financial in a research note on Monday, December 29th. Wall Street Zen cut shares of Primis Financial from a "buy" rating to a "hold" rating in a research note on Sunday, February 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $1.00.
Check Out Our Latest Report on Primis Financial
Institutional Trading of Primis Financial
Several large investors have recently added to or reduced their stakes in FRST. Raymond James Financial Inc. purchased a new position in shares of Primis Financial during the 2nd quarter worth $25,000. Russell Investments Group Ltd. increased its position in Primis Financial by 290.2% during 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. PNC Financial Services Group Inc. raised its stake in Primis Financial by 154.8% during the second quarter. PNC Financial Services Group Inc. now owns 4,555 shares of the company's stock worth $49,000 after purchasing an additional 2,767 shares during the period. Commonwealth Retirement Investments LLC purchased a new position in Primis Financial during the fourth quarter worth about $82,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in Primis Financial by 141.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 6,733 shares of the company's stock valued at $94,000 after purchasing an additional 3,950 shares during the last quarter. 74.96% of the stock is currently 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.
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