Primis Financial (FRST) Downgraded by Zacks Investment Research to Sell

0
37

Primis Financial stock has undergone multiple analysts rating changes in the recent past.  Primis Financial Downgraded by Zacks Investment Research on 10/11/2021. In a note to investors, the firm issued a new rating of Sell. The analysts previously had rating of Hold.

Shares of Primis Financial traded down -$0.15 on Monday, reaching $14.93. 21636 shares of the stock traded hands, compared to its average volume of 72298. Shares of Primis Financial were trading at $14.93 on Monday. The firm’s 50 day moving average is $14.87 and its 200 day moving average is $14.53.Primis Financial has a 12 month low of $14.87 and a 12 month high of $16.32. While on yearly highs and lows, Primis Financial’s today has traded high as $15.24 and has touched $14.87 on the downward trend. See More Analyst Rating at: RATING

Primis Financial Earnings and What to expect: 

Primis Financial last announced its quarterly earnings results on July 29th, 2021. The reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.16. The firm earned $26.29 million during the quarter, compared to analysts’ expectations of $25.66 million. Primis Financial has generated $1.03 earnings per share over the last year ($1.56 diluted earnings per share) and currently has a price-to-earnings ratio of 9.6. Earnings for Primis Financial are expected to decrease by -6.98% in the coming year, from $1.29 to $1.20 per share. Primis Financial has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, October 25th, 2021 based off prior year’s report dates.

Earnings for Primis Financial are expected to decrease by -6.98% in the coming year, from $1.29 to $1.20 per share. The P/E ratio of Primis Financial is 9.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.63. The P/E ratio of Primis Financial is 9.57, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.49. Primis Financial has a P/B Ratio of 0.93. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Primis Financial (FRST) Moving Average Technical Analysis

5 day Moving Average is $14.95 And 5 day price change is $0.21 (1.43%)  with average volume for 5 day average is 31,240. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $14.38 and 20 day price change is $0.83 (5.89%) and average 20 day moving volume is 88,255. 50 day moving average is $14.87  and 50 day price change is -$0.62 ( -3.99%)  and with average volume for 50 days is : 59,412. 200 day moving average is $14.53  and 200 day price change is $2.79 (22.98%)  and with average volume for 200 days is : 77,234.

Other owners latest trading in Primis Financial :

  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 97,439 which equates to market value of $1.49M and appx 0.00% owners of Primis Financial
  • On 8/26/2021 shares held by Comerica Bank were 33,465 which equates to market value of $0.50M and appx 0.00% owners of Primis Financial
  • On 8/23/2021 shares held by Morgan Stanley were 45,682 which equates to market value of $0.70M and appx 0.00% owners of Primis Financial
  • In total Institutional ownership equates to Institutional Ownership Percentage: 66.17% for Primis Financial

See More Analyst Rating at: RATING