Primis Financial (NASDAQ:FRST) Releases Earnings Results, Misses Expectations By $0.15 EPS

Primis Financial (NASDAQ:FRST) released its earnings results on Thursday. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.15), FiscalAI reports. The business had revenue of $55.79 million during the quarter, compared to analysts’ expectations of $48.77 million. Primis Financial had a return on equity of 5.56% and a net margin of 19.19%.

Primis Financial Price Performance

Shares of NASDAQ FRST opened at $15.34 on Friday. Primis Financial has a twelve month low of $9.55 and a twelve month high of $16.77. The firm has a market cap of $381.64 million, a P/E ratio of 7.10 and a beta of 0.72. The company has a 50 day moving average of $15.35 and a 200 day moving average of $14.25. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 0.16.

Primis Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.40 annualized dividend and a dividend yield of 2.6%. Primis Financial’s dividend payout ratio (DPR) is 18.52%.

Institutional Trading of Primis Financial

Institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in Primis Financial during the second quarter valued at approximately $25,000. Russell Investments Group Ltd. raised its position in 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 acquiring an additional 1,744 shares during the period. BNP Paribas Financial Markets raised its position in Primis Financial by 278.2% in the third quarter. BNP Paribas Financial Markets now owns 7,742 shares of the company’s stock worth $81,000 after acquiring an additional 5,695 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Primis Financial by 141.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 6,733 shares of the company’s stock worth $94,000 after acquiring an additional 3,950 shares during the last quarter. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of Primis Financial during the 3rd quarter valued at $112,000. 74.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FRST has been the subject of a number of analyst reports. Weiss Ratings raised shares of Primis Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Raymond James Financial assumed coverage on Primis Financial in a research report on Thursday, June 25th. They set a “strong-buy” rating and a $19.00 price objective for the company. Keefe, Bruyette & Woods initiated coverage on Primis Financial in a research note on Monday, April 20th. They set an “outperform” rating and a $17.00 price objective for the company. Finally, Wall Street Zen downgraded Primis Financial from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Primis Financial has a consensus rating of “Buy” and a consensus target price of $18.00.

Key Primis Financial News

Here are the key news stories impacting Primis Financial this week:

• Positive Sentiment: Primis reported stronger second-quarter results, with net income available to common shareholders rising to $9.4 million, or $0.38 per diluted share, from $2.4 million, or $0.10 per share a year ago, and management also declared a $0.10 quarterly dividend. Article: Primis Financial Corp. Reports Strong Results for the Second Quarter of 2026
• Positive Sentiment: Revenue for the quarter came in above estimates at $55.79 million versus consensus of $48.77 million, showing better-than-expected top-line performance. Article: Primis Financial earnings report and conference call
• Neutral Sentiment: The company reaffirmed shareholder returns by setting a quarterly cash dividend of $0.10 per share, payable on August 21 to shareholders of record on August 7. Article: Dividend announcement
• Negative Sentiment: Earnings per share missed analyst estimates, with Primis posting $0.23 per share versus the consensus forecast of $0.38 to $0.41, which appears to be weighing on the stock. Article: Primis Financial (FRST) Lags Q2 Earnings Estimates

About Primis Financial

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.