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Primis Financial Corp.NasdaqGM:FRST Stock Report

Market Cap US$342.4m
Share Price
US$13.82
US$16.42
15.8% undervalued intrinsic discount
1Y46.9%
7D-4.4%
Portfolio Value
View

Primis Financial Corp.

NasdaqGM:FRST Stock Report

Market Cap: US$342.4m

Primis Financial (FRST) Stock Overview

Operates as the bank holding company for Primis Bank that provides various financial services to individuals, and small and medium sized businesses in the United States. More details

FRST fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends3/6

FRST Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

Primis Financial Corp. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Primis Financial
Historical stock prices
Current Share PriceUS$13.82
52 Week HighUS$14.97
52 Week LowUS$9.19
Beta0.76
1 Month Change-0.43%
3 Month Change-0.86%
1 Year Change46.87%
3 Year Change85.50%
5 Year Change-7.43%
Change since IPO-0.96%

Recent News & Updates

Narrative Update Apr 26

FRST: Bullish Coverage And Lower Net Charge Offs Will Support Upside

Analysts have nudged their price target for Primis Financial higher from about $16.13 to roughly $16.42, citing updated assumptions around discount rates, expected revenue trends, profit margins, and a modestly adjusted future P/E following a recent bullish initiation of coverage. Analyst Commentary Bullish Takeaways Bullish analysts see the recent initiation of coverage as a vote of confidence in Primis Financial's business model, which they view as supportive of the updated valuation assumptions.
Narrative Update Apr 10

FRST: Lower Net Charge Offs Will Support Future Upside Potential

Analysts have maintained their $16.13 price target for Primis Financial in line with prior views, citing only minor adjustments in assumptions for the discount rate, revenue growth, profit margin and future P/E as the basis for this steady outlook. What's in the News Primis Financial Corp.
Narrative Update Mar 27

FRST: Lower Net Charge Offs Will Support Future Upside Potential

The analyst fair value estimate for Primis Financial has edged up from $16.00 to about $16.13, with analysts citing updated assumptions around discount rates, profit margins, and future P/E expectations. What's in the News From October 1, 2025 to December 19, 2025, Primis Financial Corp.

Recent updates

Narrative Update Apr 26

FRST: Bullish Coverage And Lower Net Charge Offs Will Support Upside

Analysts have nudged their price target for Primis Financial higher from about $16.13 to roughly $16.42, citing updated assumptions around discount rates, expected revenue trends, profit margins, and a modestly adjusted future P/E following a recent bullish initiation of coverage. Analyst Commentary Bullish Takeaways Bullish analysts see the recent initiation of coverage as a vote of confidence in Primis Financial's business model, which they view as supportive of the updated valuation assumptions.
Narrative Update Apr 10

FRST: Lower Net Charge Offs Will Support Future Upside Potential

Analysts have maintained their $16.13 price target for Primis Financial in line with prior views, citing only minor adjustments in assumptions for the discount rate, revenue growth, profit margin and future P/E as the basis for this steady outlook. What's in the News Primis Financial Corp.
Narrative Update Mar 27

FRST: Lower Net Charge Offs Will Support Future Upside Potential

The analyst fair value estimate for Primis Financial has edged up from $16.00 to about $16.13, with analysts citing updated assumptions around discount rates, profit margins, and future P/E expectations. What's in the News From October 1, 2025 to December 19, 2025, Primis Financial Corp.
Narrative Update Mar 11

FRST: Share Repurchases And Lower Net Charge Offs Will Support Upside

Analysts have maintained their fair value estimate for Primis Financial at $16.00 per share. Only very small adjustments to the discount rate, revenue trajectory, profit margin, and future P/E assumptions have resulted in a largely unchanged price target narrative.
Narrative Update Feb 25

FRST: Share Repurchases And Improving Credit Quality Will Support Future Upside

Analysts have maintained their $16.00 price target for Primis Financial, indicating consistent views on fair value, discount rate, revenue trajectory, profit margins, and future P/E assumptions based on the latest research. What's in the News Primis Financial Corp.
Narrative Update Feb 11

FRST: Share Repurchases And Lower Credit Losses Will Support Future Upside

Analysts have nudged their price target for Primis Financial from $15.63 to $16.00, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of this adjustment. What's in the News Primis Financial Corp.
Narrative Update Jan 27

FRST: Share Repurchases Will Support Stronger Earnings And Upside Potential

Analysts have maintained their fair value estimate for Primis Financial at $15.63. They made only minor adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions, indicating that their view of the bank's risk and earnings profile remains largely unchanged.
Narrative Update Jan 12

FRST: Share Repurchases And Lower Charge Offs Will Support Stronger Earnings

Analysts have lifted their fair value estimate for Primis Financial by about $0.50 to $15.63, citing updated assumptions around revenue growth of roughly 1.77%, a profit margin near 37.67%, and a forward P/E of about 8.61x. What's in the News The Board of Directors of Primis Financial Corp.
Narrative Update Dec 14

FRST: Improving Credit Quality And Margin Outlook Will Support Stronger Earnings

Analysts have raised their price target on Primis Financial from 13.63 dollars to 15.13 dollars, citing improving revenue growth expectations, a modestly lower discount rate, and a more normalized profit margin outlook that supports a higher future earnings multiple. What's in the News Completed repurchase of 79,549 shares, representing approximately 0.32% of shares outstanding, for a total of 0.8 million dollars under the buyback program announced on December 19, 2024 (Key Developments) Reported third quarter 2025 net charge offs of 1.17 million dollars, significantly lower than 7.95 million dollars in the prior year period, indicating improved credit quality trends (Key Developments) Valuation Changes The fair value estimate has risen moderately from 13.63 dollars to 15.13 dollars per share, reflecting a higher intrinsic value assessment.
User avatar
New Narrative Sep 24

Digital Savvy And Strategic Lending Fuel Optimistic Growth Prospects

Primis Financial's strategic management of deposit costs and digital platform enhancements suggest efficiency in funding, potentially boosting net interest margins.
Analysis Article Oct 31

Primis Financial (NASDAQ:FRST) Has Announced A Dividend Of $0.10

Primis Financial Corp. ( NASDAQ:FRST ) will pay a dividend of $0.10 on the 24th of November. This means the dividend...
Analysis Article Aug 03

Primis Financial (NASDAQ:FRST) Is Paying Out A Dividend Of $0.10

Primis Financial Corp. ( NASDAQ:FRST ) will pay a dividend of $0.10 on the 25th of August. This means the annual...
Analysis Article May 02

Primis Financial (NASDAQ:FRST) Is Paying Out A Dividend Of $0.10

The board of Primis Financial Corp. ( NASDAQ:FRST ) has announced that it will pay a dividend on the 26th of May, with...
Analysis Article Feb 01

Primis Financial (NASDAQ:FRST) Has Announced A Dividend Of $0.10

Primis Financial Corp. ( NASDAQ:FRST ) will pay a dividend of $0.10 on the 24th of February. This means that the annual...
Analysis Article Nov 01

Primis Financial (NASDAQ:FRST) Has Announced A Dividend Of $0.10

Primis Financial Corp.'s ( NASDAQ:FRST ) investors are due to receive a payment of $0.10 per share on 28th of November...
Seeking Alpha Aug 10

Primis Financial goes ex-dividend tomorrow

Primis Financial (NASDAQ:FRST) had declared $0.10/share quarterly dividend, in line with previous. Payable Aug. 26; for shareholders of record Aug. 12; ex-div Aug. 11. See FRST Dividend Scorecard, Yield Chart, & Dividend Growth.
Analysis Article Aug 02

Primis Financial (NASDAQ:FRST) Has Announced A Dividend Of $0.10

The board of Primis Financial Corp. ( NASDAQ:FRST ) has announced that it will pay a dividend on the 26th of August...

Shareholder Returns

FRSTUS BanksUS Market
7D-4.4%-2.9%-0.9%
1Y46.9%14.1%24.4%

Return vs Industry: FRST exceeded the US Banks industry which returned 14.5% over the past year.

Return vs Market: FRST exceeded the US Market which returned 26.7% over the past year.

Price Volatility

Is FRST's price volatile compared to industry and market?
FRST volatility
FRST Average Weekly Movement3.1%
Banks Industry Average Movement3.5%
Market Average Movement7.2%
10% most volatile stocks in US Market16.2%
10% least volatile stocks in US Market3.1%

Stable Share Price: FRST has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: FRST's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004593Dennis Zemberwww.primisbank.com

Primis Financial Corp. operates as the bank holding company for Primis Bank that provides various financial services to individuals, and small and medium sized businesses in the United States. The company offers deposit products, including checking, NOW, savings, and money market accounts, as well as certificates of deposits; and commercial deposit products comprising investment/sweep accounts, wire transfer services, employer services/payroll processing services, zero balance accounts, night depository services, depository transfers, merchant services, ACH originations, business debit cards, controlled disbursement accounts, and remote deposit capture services. It also provides commercial lending products, such as loans consist of lines of credit, revolving credit facilities, demand loans, term loans, equipment loans, SBA loans, stand-by letters of credit, and unsecured loans; loans for permanent financing; construction loans for commercial, multi-family, assisted living and other non-residential properties, and builder/developer lines; second asset based lending; SBA lending; financing for medical, dental, and veterinary businesses; and warehouse lending lines of credit to residential mortgage originators.

Primis Financial Corp. Fundamentals Summary

How do Primis Financial's earnings and revenue compare to its market cap?
FRST fundamental statistics
Market capUS$342.35m
Earnings (TTM)US$46.12m
Revenue (TTM)US$198.38m
7.4x
P/E Ratio
0.8x
P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FRST income statement (TTM)
RevenueUS$198.38m
Cost of RevenueUS$0
Gross ProfitUS$198.38m
Other ExpensesUS$152.26m
EarningsUS$46.12m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)1.86
Gross Margin100.00%
Net Profit Margin23.25%
Debt/Equity Ratio74.3%

How did FRST perform over the long term?

See historical performance and comparison

Dividends

2.9%
Current Dividend Yield
21%
Payout Ratio

Does FRST pay a reliable dividends?

See FRST dividend history and benchmarks
When do you need to buy FRST by to receive an upcoming dividend?
Primis Financial dividend dates
Ex Dividend DateMay 08 2026
Dividend Pay DateMay 22 2026
Days until Ex dividend9 days
Days until Dividend pay date5 days

Does FRST pay a reliable dividends?

See FRST dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/16 22:31
End of Day Share Price 2026/05/15 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Primis Financial Corp. is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christopher MarinacBrean Capital Historical (Janney Montgomery)
Wood LayKeefe, Bruyette, & Woods
Casey Orr WhitmanPiper Sandler Companies