FRST Stock Analysis: Primis Financial | NASDAQ
Banks - Regional | NASDAQ, USA | Market Cap: 394m USD | 12M Return: 46.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.86M
Qual. Beats: 0
Rev. Trend: 45.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Primis Financial Corp. (NASDAQ: FRST) is a small-cap U.S. regional bank holding company headquartered in McLean, Virginia, that operates through its wholly owned subsidiary, Primis Bank. Founded in 2004 and formerly known as Southern National Bancorp of Virginia, the company provides a full suite of banking services to individuals and small-to-medium sized businesses, including deposit products (checking, savings, money market, and CDs), commercial lending (lines of credit, term loans, SBA loans, construction loans, and warehouse lending), and consumer lending (residential mortgages, home equity lines, and personal loans). It also offers ancillary services such as merchant services, remote deposit capture, mobile and online banking, and ATM access.
As a community-focused regional bank in the Financials sector, Primis generates revenue primarily through net interest income on its loan portfolio, supported by fee-based services like treasury management, payroll processing, and merchant services for its business clients.
- Net interest margin compresses as Fed cuts rates
- Commercial real estate loan portfolio raises credit quality concerns
- Mortgage warehouse lending volume declines with elevated rate volatility
| Net Income: 46.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA -3.33 > 1.0 |
| NWC/Revenue: -1.15k% < 20% (prev -1.40k%; Δ 250.0% < -1%) |
| CFO/TA -0.02 > 3% & CFO -78.0m > Net Income 46.1m |
| Net Debt (430.6m) to EBITDA (68.8m): 6.26 < 3 |
| Current Ratio: 0.01 > 1.5 & < 3 |
| Outstanding Shares: last quarter (24.7m) vs 12m ago -0.02% < -2% |
| Gross Margin: 65.33% > 18% (prev 23.17%; Δ 42.17% > 0.5%) |
| Asset Turnover: 7.35% > 50% (prev 5.54%; Δ 1.81% > 0%) |
| Interest Coverage Ratio: 0.65 > 6 (EBIT TTM 58.3m / Interest Expense TTM 89.1m) |
| A: -0.79 (Total Current Assets 27.4m - Total Current Liabilities 3.40b) / Total Assets 4.26b |
| B: 0.03 (Retained Earnings 114.4m / Total Assets 4.26b) |
| C: 0.01 (EBIT TTM 58.3m / Avg Total Assets 3.98b) |
| D: 0.11 (Book Value of Equity 427.2m / Total Liabilities 3.83b) |
| Altman-Z'' = -4.89 = D |
As of July 08, 2026, the stock is trading at USD 15.74 with a total of 152,633 shares traded. Over the past week, the price has changed by -4.95%, over one month by +4.65%, over three months by +16.53% and over the past year by +46.35%.
Current recommended Stop Loss: 14.60 (which is 7.2% or 2.8 ATR below the current price).
Primis Financial has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy FRST.
- StrongBuy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 17.9 | 13.6% |
P/E Trailing = 8.4599
P/E Forward = 5.988
P/S = 1.984
P/B = 0.9207
Revenue TTM = 292.4m USD
EBIT TTM = 58.3m USD
EBITDA TTM = 68.8m USD
Long Term Debt = 313.8m USD (from longTermDebt, last quarter)
Short Term Debt = 253.4m USD (from shortTermDebt, last quarter)
Debt = 438.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 60.8m
Net Debt = 430.6m USD (calculated: Debt 438.9m - CCE 8.36m)
Enterprise Value = 824.2m USD (393.6m + Debt 438.9m - CCE 8.36m)
Interest Coverage Ratio = 0.65 (Ebit TTM 58.3m / Interest Expense TTM 89.1m)
EV/FCF = -10.34x (Enterprise Value 824.2m / FCF TTM -79.7m)
FCF Yield = -9.67% (FCF TTM -79.7m / Enterprise Value 824.2m)
FCF Margin = -27.27% (FCF TTM -79.7m / Revenue TTM 292.4m)
Net Margin = 15.77% (Net Income TTM 46.1m / Revenue TTM 292.4m)
Gross Margin = 65.33% ((Revenue TTM 292.4m - Cost of Revenue TTM 101.3m) / Revenue TTM)
Gross Margin QoQ = 65.71% (prev 75.89%)
Tobins Q-Ratio = 0.19 (Enterprise Value 824.2m / Total Assets 4.26b)
Interest Expense / Debt = 20.30% (Interest Expense 89.1m / Debt 438.9m)
Taxrate = 20.88% (12.2m / 58.3m)
NOPAT = 46.1m (EBIT 58.3m * (1 - 20.88%))
Current Ratio = 0.01 (Total Current Assets 27.4m / Total Current Liabilities 3.40b)
Debt / Equity = 1.03 (Debt 438.9m / totalStockholderEquity, last quarter 427.2m)
Debt / EBITDA = 6.26 (Net Debt 430.6m / EBITDA 68.8m)
Debt / FCF = -5.40 (negative FCF - burning cash) (Net Debt 430.6m / FCF TTM -79.7m)
Total Stockholder Equity = 402.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.16% (Net Income 46.1m / Total Assets 4.26b)
RoE = 11.47% (Net Income TTM 46.1m / Total Stockholder Equity 402.2m)
RoCE = 8.14% (EBIT 58.3m / Capital Employed (Equity 402.2m + L.T.Debt 313.8m))
RoIC = 1.09% (NOPAT 46.1m / Invested Capital 4.25b)
WACC = 12.74% (E(393.6m)/V(832.5m) * Re(9.04%) + D(438.9m)/V(832.5m) * Rd(20.30%) * (1-Tc(0.21)))
Discount Rate = 9.04% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 9.20 | Cagr: 0.06%
[DCF] Fair Price = unknown (Cash Flow -79.7m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.20 | # QB: 0
Revenue Correlation: 45.43 | Revenue CAGR: 8.50% | SUE: 0.49 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.38 | Chg30d=+7.04% | Revisions=+0% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.44 | Chg30d=+2.94% | Revisions=+0% | Analysts=4
EPS current Year (2026-12-31): EPS=1.58 | Chg30d=-1.30% | Revisions=-25% | GrowthEPS=+305.8% | GrowthRev=+24.6%
EPS next Year (2027-12-31): EPS=1.91 | Chg30d=-0.22% | Revisions=+25% | GrowthEPS=+20.8% | GrowthRev=+8.9%
[Analyst] Revisions Ratio: +0% (up=1, down=1)