FRST

Primis Financial Corp.

Fundamental data last updated:August 13, 2026

We may earn a commission from partner links. This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate.

company profile

SECTOR

Financial Services

industry

Banks - Regional

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

Primis Financial Corp. operates as the bank holding company for Primis Bank that provides a range of financial services to individuals and small and medium sized businesses in the United States. Its deposit products include checking, NOW, savings, and money market accounts, as well as certificates of deposits. The company also offers commercial business and real estate, construction, secured asset based, small business administration, mortgage warehouse lending products, as well as financing for medical, dental, and veterinary businesses; residential mortgage, trust mortgage, home equity lines of credit, secured and unsecured personal, and consumer loans, as well as life insurance premium financing and demand loans. It also offers cash management services comprising investment/sweep, zero balance, and controlled disbursement accounts; and wire transfer, employer/payroll processing, night depository, depository transfer, merchant, ACH origination, and remote deposit capture services. In addition, the company provides debit cards, ATM services, notary services, and mobile and online banking. As of December 31, 2021, it operated forty full-service branches in Virginia and Maryland. The company was formerly known as Southern National Bancorp of Virginia, Inc. and changed its name to Primis Financial Corp. Primis Financial Corp. was founded in 2004 and is based in McLean, Virginia.

 


VALUATION

P/E

7.71

Market Cap ($M USD)

$356.96M

Forward P/E

7.52

PEG

3.00

PRICE TO SALES

1.22

PRICE TO BOOK

0.83

EV / EBITDA

11.61

5-Year Average P/E

Free Cash Flow Yield

-22.33%

DCF Value

$20.68

Graham Number

$26.99

Price to FCF

-4.48

EV to FCF

-9.12

Earnings Yield

12.98%

FCF Yield

-22.33%

DIVIDEND

Yield

2.78%

Annual Payout

$0.40

Payout Ratio

21.60%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$1.87

Next Year EPS Growth Estimate

$1.92

Next Year Revenue Growth Estimate

$209.66M

Return on Equity (ROE)

11.47%

FREE CASH FLOW

Operating Margin

19.94%

Debt-to-Equity

0.62

Piotroski F-Score

6

Altman Z-Score

0.14

Return on Invested Capital (ROIC)

1.46%

Current Ratio

0.11

Quick Ratio

0.11

Net Debt to EBITDA

5.91

Interest Coverage

0.65

Gross Profit margin

65.33%

FCF PER SHARE

$-3.23

REVENUE PER SHARE

$11.85

Gainseekers Quantitative Analysis

Summary

The market seems to be undervaluing Primis Financial Corp. based on its DCF Value and Graham Number, both of which suggest a higher intrinsic value than recent pricing. With a Forward P/E of 7.54 and an Earnings Yield of 12.93%, the stock appears attractively priced for value investors. However, the Altman Z-score of 0.18 raises red flags about financial distress, indicating potential risks. Despite these concerns, the stock’s valuation metrics suggest a compelling opportunity for those willing to navigate its challenges.

AI Exposure / Tech Reliance

Operating in the regional banking sector, Primis Financial Corp. is moderately positioned to adapt to AI and tech shifts. While traditional banking models face disruption, the company's ability to integrate fintech solutions could enhance customer experience and operational efficiency. However, its current tech resilience remains unproven without clear strategic initiatives.

The Bull Case

For value and GARP investors, Primis Financial Corp. offers a tantalizing prospect. The company's ROIC of 1.45% and a Piotroski F-Score of 6 indicate moderate operational efficiency and financial health. Its operating margin of 19.94% suggests solid pricing power, while a low payout ratio of 21.60% provides room for growth. Despite a negative FCF Yield, the potential for future cash flow improvements makes it an intriguing buy.

The Bear Case

Primis Financial Corp. faces significant structural risks, particularly with its cash flow issues. The negative FCF Yield and Price to FCF ratio of -4.49 highlight severe cash generation problems. Additionally, the stock is technically overextended, trading close to its 52-week high. The low Altman Z-score further underscores potential financial instability, making it a risky bet.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$14.00

Institutional Ownership %

1-Year Beta

0.76

Insider Buying % (6 Mo)

Distance to 52-Week High

3.89%

Distance to 52-Week Low

35.81%

EARNINGS SURPRISE %

3.13%

50-DAY SMA

$13.93

200-DAY SMA

$12.47

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.