--- title: "Primis Financial (NASDAQ:FRST) Posts Quarterly Earnings Results, Misses Expectations By $0.15 EPS" type: "News" locale: "en" url: "https://longbridge.com/en/news/293668858.md" description: "Primis Financial (NASDAQ:FRST) reported quarterly earnings of $0.23 EPS, missing the consensus estimate of $0.38 by $0.15. However, revenue came in at $55.79 million, beating expectations of $48.77 million. The company posted a net margin of 19.71% and return on equity of 4.98%. Despite the earnings miss, several analysts recently initiated coverage or upgraded ratings, with an average 'Buy' rating and a consensus price target of $18.00." datetime: "2026-07-23T21:11:17.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293668858.md) - [en](https://longbridge.com/en/news/293668858.md) - [zh-HK](https://longbridge.com/zh-HK/news/293668858.md) --- # Primis Financial (NASDAQ:FRST) Posts Quarterly Earnings Results, Misses Expectations By $0.15 EPS Primis Financial (NASDAQ:FRST - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.15), FiscalAI reports. Primis Financial had a return on equity of 4.98% and a net margin of 19.71%.The company had revenue of $55.79 million for the quarter, compared to the consensus estimate of $48.77 million. Get **Primis Financial** alerts: ## Primis Financial Stock Down 0.3% Shares of NASDAQ FRST traded down $0.05 during midday trading on Thursday, hitting $15.70. The stock had a trading volume of 192,732 shares, compared to its average volume of 183,353. Primis Financial has a 52 week low of $9.55 and a 52 week high of $16.77. The company has a market cap of $390.62 million, a P/E ratio of 7.41 and a beta of 0.72. The business's 50 day moving average is $15.29 and its 200-day moving average is $14.22. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 0.16. ## Analyst Ratings Changes Several brokerages recently weighed in on FRST. Keefe, Bruyette & Woods began coverage on Primis Financial in a report on Monday, April 20th. They set an "outperform" rating and a $17.00 target price for the company. Raymond James Financial initiated coverage on Primis Financial in a research note on Thursday, June 25th. They issued a "strong-buy" rating and a $19.00 target price on the stock. Weiss Ratings raised shares of Primis Financial from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, May 4th. Finally, Wall Street Zen cut shares of Primis Financial from a "buy" rating to a "hold" rating in a research report on Sunday, May 17th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $18.00. **View Our Latest Stock Report on FRST** ## Institutional Inflows and Outflows Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in shares of Primis Financial in the 2nd quarter worth $25,000. Russell Investments Group Ltd. boosted its position in Primis Financial by 290.2% in the third quarter. Russell Investments Group Ltd. now owns 2,345 shares of the company's stock worth $25,000 after purchasing an additional 1,744 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Primis Financial by 278.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,742 shares of the company's stock valued at $81,000 after purchasing an additional 5,695 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Primis Financial by 141.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 6,733 shares of the company's stock valued at $94,000 after purchasing an additional 3,950 shares during the last quarter. Finally, Occudo Quantitative Strategies LP bought a new position in shares of Primis Financial in the 3rd quarter worth approximately $112,000. Institutional investors own 74.96% of the company's stock. ## About Primis Financial (Get Free Report) Primis Financial Corporation is a bank holding company headquartered in Waycross, Georgia, operating through its wholly owned subsidiary, Primis Bank. The company offers a full suite of commercial and retail banking services tailored to meet the needs of individuals, small businesses, and agricultural clients across its service area. Primis Bank focuses on building relationships within the communities it serves, positioning itself as a local financial partner for deposit-taking, lending, and treasury management solutions. Primis Bank maintains a network of branch offices throughout southeastern Georgia, serving a combination of rural and suburban markets. ## Featured Stories - Five stocks we like better than Primis Financial - Premium Retail’s Stress Test Is Separating Winners From Losers - D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? - GE Vernova Just Sent a Mixed AI Signal to Investors - Alphabet Crushed Earnings, But One Number Spooked the Market _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ ## Should You Invest $1,000 in Primis Financial Right Now? Before you consider Primis Financial, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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