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. More Details
Flawless balance sheet and good value.
Share Price & News
How has Primis Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FRST is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: FRST's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: FRST exceeded the US Banks industry which returned 55% over the past year.
Return vs Market: FRST exceeded the US Market which returned 39.1% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Primis Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StShould You Be Adding Primis Financial (NASDAQ:FRST) To Your Watchlist Today?
2 months ago | Simply Wall StPrimis Financial (NASDAQ:FRST) Will Pay A Dividend Of US$0.10
2 months ago | Simply Wall StPrimis Financial Corp. (NASDAQ:FRST) Looks Like A Good Stock, And It's Going Ex-Dividend Soon
Is Primis Financial undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FRST ($15.31) is trading below our estimate of fair value ($19.18)
Significantly Below Fair Value: FRST is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FRST is poor value based on its PE Ratio (11.4x) compared to the US Banks industry average (11x).
PE vs Market: FRST is good value based on its PE Ratio (11.4x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: FRST's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FRST is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1.1x).
How is Primis Financial forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FRST's earnings are forecast to decline over the next 3 years (-9% per year).
Earnings vs Market: FRST's earnings are forecast to decline over the next 3 years (-9% per year).
High Growth Earnings: FRST's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FRST's revenue is expected to decline over the next 3 years (-6.8% per year).
High Growth Revenue: FRST's revenue is forecast to decline over the next 3 years (-6.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if FRST's Return on Equity is forecast to be high in 3 years time
How has Primis Financial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FRST has high quality earnings.
Growing Profit Margin: FRST's current net profit margins (30.3%) are higher than last year (29.6%).
Past Earnings Growth Analysis
Earnings Trend: FRST's earnings have grown significantly by 27.7% per year over the past 5 years.
Accelerating Growth: FRST's earnings growth over the past year (20.1%) is below its 5-year average (27.7% per year).
Earnings vs Industry: FRST earnings growth over the past year (20.1%) underperformed the Banks industry 28.4%.
Return on Equity
High ROE: FRST's Return on Equity (8.2%) is considered low.
How is Primis Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: FRST's Assets to Equity ratio (8.4x) is low.
Allowance for Bad Loans: FRST has a sufficient allowance for bad loans (245%).
Low Risk Liabilities: 92% of FRST's liabilities are made up of primarily low risk sources of funding.
Loan Level: FRST has an appropriate level of Loans to Assets ratio (71%).
Low Risk Deposits: FRST's Loans to Deposits ratio (88%) is appropriate.
Level of Bad Loans: FRST has an appropriate level of bad loans (0.6%).
What is Primis Financial current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FRST's dividend (2.61%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: FRST's dividend (2.61%) is low compared to the top 25% of dividend payers in the US market (3.56%).
Stability and Growth of Payments
Stable Dividend: FRST has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: FRST's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (29.8%), FRST's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dennis Zember (51 yo)
Mr. Dennis J. Zember, Jr., serves as President, Chief Executive Officer and Director of Primis Financial Corp. (formerly known as Southern National Bancorp of Virginia, Inc.) and Primis Bank since February...
CEO Compensation Analysis
Compensation vs Market: Dennis's total compensation ($USD1.35M) is about average for companies of similar size in the US market ($USD1.75M).
Compensation vs Earnings: Insufficient data to compare Dennis's compensation with company performance.
Experienced Management: FRST's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Experienced Board: FRST's board of directors are considered experienced (4.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FRST insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Primis Financial Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Primis Financial Corp.
- Ticker: FRST
- Exchange: NasdaqGM
- Founded: 2004
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$375.070m
- Shares outstanding: 24.53m
- Website: https://www.primisbank.com
Number of Employees
- Primis Financial Corp.
- 6830 Old Dominion Drive
- United States
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 deposi...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/27 02:05|
|End of Day Share Price||2021/07/26 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.