FRST Stock Overview
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.
Primis Financial Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$12.19|
|52 Week High||US$16.54|
|52 Week Low||US$12.15|
|1 Month Change||-8.55%|
|3 Month Change||-10.43%|
|1 Year Change||-16.85%|
|3 Year Change||-19.11%|
|5 Year Change||-29.62%|
|Change since IPO||-12.65%|
Recent News & Updates
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.
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...
|FRST||US Banks||US Market|
Return vs Industry: FRST exceeded the US Banks industry which returned -24.9% over the past year.
Return vs Market: FRST exceeded the US Market which returned -23.7% over the past year.
|FRST Average Weekly Movement||2.5%|
|Banks Industry Average Movement||3.4%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: FRST is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: FRST's weekly volatility (2%) has been stable over the past year.
About the Company
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 offers 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.
Primis Financial Fundamentals Summary
|FRST fundamental statistics|
Is FRST overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FRST income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.95|
|Net Profit Margin||22.45%|
How did FRST perform over the long term?See historical performance and comparison
3.3%Current Dividend Yield
Is FRST undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FRST?
Other financial metrics that can be useful for relative valuation.
|What is FRST's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does FRST's PE Ratio compare to its peers?
|FRST PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
BSRR Sierra Bancorp
CIVB Civista Bancshares
BCBP BCB Bancorp
FNLC First Bancorp
FRST Primis Financial
Price-To-Earnings vs Peers: FRST is expensive based on its Price-To-Earnings Ratio (12.8x) compared to the peer average (8.1x).
Price to Earnings Ratio vs Industry
How does FRST's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: FRST is expensive based on its Price-To-Earnings Ratio (12.8x) compared to the US Banks industry average (9.6x)
Price to Earnings Ratio vs Fair Ratio
What is FRST's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||12.8x|
|Fair PE Ratio||14x|
Price-To-Earnings vs Fair Ratio: FRST is good value based on its Price-To-Earnings Ratio (12.8x) compared to the estimated Fair Price-To-Earnings Ratio (14x).
Share Price vs Fair Value
What is the Fair Price of FRST when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FRST ($12.19) is trading below our estimate of fair value ($22.84)
Significantly Below Fair Value: FRST is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Primis Financial forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FRST's forecast earnings growth (17.1% per year) is above the savings rate (1.9%).
Earnings vs Market: FRST's earnings (17.1% per year) are forecast to grow faster than the US market (14.7% per year).
High Growth Earnings: FRST's earnings are forecast to grow, but not significantly.
Revenue vs Market: FRST's revenue (5.8% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: FRST's revenue (5.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FRST's Return on Equity is forecast to be low in 3 years time (7.5%).
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How has Primis Financial performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FRST has high quality earnings.
Growing Profit Margin: FRST's current net profit margins (22.5%) are lower than last year (28.4%).
Past Earnings Growth Analysis
Earnings Trend: FRST's earnings have grown by 15.6% per year over the past 5 years.
Accelerating Growth: FRST's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FRST had negative earnings growth (-23.8%) over the past year, making it difficult to compare to the Banks industry average (8.5%).
Return on Equity
High ROE: FRST's Return on Equity (5.9%) is considered low.
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How is Primis Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: FRST's Assets to Equity ratio (8.1x) is low.
Allowance for Bad Loans: FRST has a sufficient allowance for bad loans (143%).
Low Risk Liabilities: 95% 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 (80%).
Low Risk Deposits: FRST's Loans to Deposits ratio (97%) is appropriate.
Level of Bad Loans: FRST has an appropriate level of bad loans (0.8%).
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What is Primis Financial current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
|Primis Financial Dividend Yield vs Market|
|Company (Primis Financial)||3.3%|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|Industry Average (Banks)||3.4%|
|Analyst forecast in 3 Years (Primis Financial)||3.3%|
Notable Dividend: FRST's dividend (3.28%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: FRST's dividend (3.28%) is low compared to the top 25% of dividend payers in the US market (4.68%).
Stability and Growth of Payments
Stable Dividend: FRST's dividend payments have been volatile in the past 10 years.
Growing Dividend: FRST's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (41.8%), FRST's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FRST's dividends in 3 years are forecast to be well covered by earnings (30.7% payout ratio).
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dennis Zember (52 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
|Dennis Zember's Compensation vs Primis Financial Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$2m||US$618k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$1m||US$520k|
Compensation vs Market: Dennis's total compensation ($USD1.62M) is below average for companies of similar size in the US market ($USD2.92M).
Compensation vs Earnings: Dennis's compensation has been consistent with company performance over the past year.
Experienced Management: FRST's management team is considered experienced (2.5 years average tenure).
Experienced Board: FRST's board of directors are considered experienced (5.3 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
|25 Aug 22||BuyUS$44,553||Fred Garrett||Individual||3,350||US$13.31|
|22 Jun 22||BuyUS$24,964||Charles Kabbash||Individual||1,850||US$13.49|
|17 Jun 22||BuyUS$19,275||Deborah Diaz||Individual||1,500||US$12.85|
|17 Jun 22||BuyUS$22,528||Charles Kabbash||Individual||1,710||US$13.18|
|17 Jun 22||BuyUS$24,717||Deborah Diaz||Individual||1,925||US$12.84|
|17 Jun 22||BuyUS$3,898||Charles Kabbash||Individual||290||US$14.44|
|16 Jun 22||BuyUS$25,049||Eric Johnson||Individual||1,960||US$12.78|
|14 Jun 22||BuyUS$19,995||Eric Johnson||Individual||1,550||US$12.90|
|08 Jun 22||BuyUS$25,002||William Cook||Individual||1,870||US$13.37|
|07 Jun 22||BuyUS$20,010||William Cook||Individual||1,500||US$13.34|
|24 May 22||BuyUS$24,865||Robert Claggett||Individual||1,920||US$13.00|
|23 May 22||BuyUS$19,920||Robert Claggett||Individual||1,518||US$13.15|
|09 May 22||BuyUS$24,768||John Biagas||Individual||1,870||US$13.25|
|04 May 22||BuyUS$19,973||John Biagas||Individual||1,460||US$13.68|
|31 Mar 22||SellUS$2,055||Bruce Brockwell||Individual||147||US$13.98|
|15 Mar 22||BuyUS$10,552||Clinton Stafford||Individual||740||US$14.26|
|08 Mar 22||BuyUS$341,537||Dennis Zember||Individual||24,767||US$13.79|
|08 Mar 22||BuyUS$23,374||Cheryl Wood||Individual||1,695||US$13.79|
|08 Mar 22||BuyUS$65,999||Clinton Stafford||Individual||4,786||US$13.79|
|08 Mar 22||BuyUS$43,990||George Sheflett||Individual||3,190||US$13.79|
|08 Mar 22||BuyUS$15,390||Ann-Stanton Gore||Individual||1,116||US$13.79|
|08 Mar 22||BuyUS$109,989||Matthew Switzer||Individual||7,976||US$13.79|
|08 Mar 22||BuyUS$24,188||John Colantoni||Individual||1,754||US$13.79|
|08 Mar 22||BuyUS$25,842||Barry Almond||Individual||1,874||US$13.79|
|01 Mar 22||SellUS$1,499||Bruce Brockwell||Individual||107||US$14.01|
|14 Feb 22||SellUS$4,101||Bruce Brockwell||Individual||284||US$14.44|
|07 Feb 22||BuyUS$37,925||Charles Kabbash||Individual||2,480||US$17.67|
|03 Feb 22||BuyUS$24,885||William Jennings||Individual||1,671||US$14.89|
|02 Feb 22||BuyUS$19,907||William Jennings||Individual||1,337||US$14.89|
|01 Feb 22||BuyUS$147,108||Matthew Switzer||Individual||10,000||US$14.71|
|09 Dec 21||BuyUS$10,465||Clinton Stafford||Individual||700||US$14.95|
|26 Nov 21||BuyUS$21,850||Clinton Stafford||Individual||1,430||US$15.28|
|10 Nov 21||BuyUS$24,876||Fred Garrett||Individual||1,550||US$16.05|
|09 Nov 21||BuyUS$20,179||Fred Garrett||Individual||1,250||US$16.14|
|03 Nov 21||BuyUS$127,841||Clinton Stafford||Individual||8,081||US$15.82|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Primis Financial Corp.'s employee growth, exchange listings and data sources
- Name: Primis Financial Corp.
- Ticker: FRST
- Exchange: NasdaqGM
- Founded: 2004
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$300.486m
- Shares outstanding: 24.65m
- Website: https://www.primisbank.com
Number of Employees
- Primis Financial Corp.
- 6830 Old Dominion Drive
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FRST||NasdaqGM (Nasdaq Global Market)||Yes||Common Stock||US||USD||Nov 2006|
|7H80||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Nov 2006|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/27 00:00|
|End of Day Share Price||2022/09/27 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.