Primis Financial Corp. (FRST) To Go Ex-Dividend on February 13th

Primis Financial Corp. (NASDAQ:FRST) announced a quarterly dividend on Thursday, January 29th. Investors of record on Friday, February 13th will be given a dividend of 0.10 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, February 13th.

Primis Financial has a dividend payout ratio of 24.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Primis Financial to earn $1.75 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 22.9%.

Primis Financial Stock Performance

Shares of FRST stock opened at $14.10 on Wednesday. The business’s fifty day moving average price is $13.34 and its 200 day moving average price is $11.72. The firm has a market capitalization of $347.42 million, a PE ratio of 7.31 and a beta of 0.77. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 0.96. Primis Financial has a 1-year low of $7.59 and a 1-year high of $14.55.

Primis Financial (NASDAQ:FRST) last released its earnings results on Thursday, January 29th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.24). Primis Financial had a net margin of 18.78% and a return on equity of 4.11%. The business had revenue of $80.87 million during the quarter, compared to analyst estimates of $30.01 million. As a group, sell-side analysts forecast that Primis Financial will post 1.4 EPS for the current fiscal year.

Primis Financial announced that its Board of Directors has approved a stock buyback plan on Thursday, December 18th that authorizes the company to repurchase $750,000.00 in shares. This repurchase authorization authorizes the company to reacquire up to 0.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Primis Financial Company Profile

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.