Earnings results for Primis Financial (NASDAQ:FRST)
Primis Financial last released its quarterly earnings data on July 29th, 2021. The reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.16. The firm had revenue of $26.29 million for the quarter, compared to the consensus estimate 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 9.4. 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 confirmed that its next quarterly earnings report will be published on Thursday, October 28th, 2021. Primis Financial will be holding an earnings conference call on Friday, October 29th at 10:00 AM Eastern. Interested parties can or dial in at 412-317-0088 with passcode “10161016”.
Analyst Opinion on Primis Financial (NASDAQ:FRST)
like Primis Financial stock less than the stock of other Finance companies. 40.00% of gave Primis Financial an outperform vote while finance companies recieve an average of 62.58% outperform votes by .
Dividend Strength: Primis Financial (NASDAQ:FRST)
Primis Financial pays a meaningful dividend of 2.74%, higher than the bottom 25% of all stocks that pay dividends. Primis Financial does not have a long track record of dividend growth. The dividend payout ratio of Primis Financial is 38.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Primis Financial will have a dividend payout ratio of 33.33% next year. This indicates that Primis Financial will be able to sustain or increase its dividend.
Insiders buying/selling: Primis Financial (NASDAQ:FRST)
In the past three months, Primis Financial insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $40,993.00 in company stock and sold $0.00 in company stock. Only 2.88% of the stock of Primis Financial is held by insiders. 66.17% of the stock of Primis Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Primis Financial (NASDAQ:FRST
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 9.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.29. The P/E ratio of Primis Financial is 9.35, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.93. Primis Financial has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
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