Primis Financial Corp (NASDAQ: FRST) has reported earnings for its first fiscal quarter (ending March 31) of $0.26 versus $0.23 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $0.44 versus $0.77 for the same period a year ago.
Recent Price Action
Primis Financial Corp (NASDAQ: FRST) stock declined by -2.2% on 4/25/24. The shares closed at $10.69. However, unusually low trading volume at 62% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, FRST is expected to be a Value Builder.
Primis Financial has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Primis Financial has a good Appreciation Score of 76 and a very high Power Rating of 98, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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