FRST Stock Analysis: Primis Financial | NASDAQ
Banks - Regional | NASDAQ, USA | Market Cap: 390m USD | 12M Return: 39.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.05M
Qual. Beats: 0
Rev. Trend: 11.7%
Qual. Beats: -1
Warnings
No concerns identified
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: 36.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA -3.33 > 1.0 |
| NWC/Revenue: -2.02k% < 20% (prev -1.30k%; Δ -717.1% < -1%) |
| CFO/TA -0.02 > 3% & CFO -78.0m > Net Income 36.4m |
| Net Debt (430.6m) to EBITDA (28.4m): 15.15 < 3 |
| Current Ratio: 0.01 > 1.5 & < 3 |
| Outstanding Shares: last quarter (24.7m) vs 12m ago -0.02% < -2% |
| Gross Margin: 43.98% > 18% (prev 28.77%; Δ 15.21% > 0.5%) |
| Asset Turnover: 4.20% > 50% (prev 5.98%; Δ -1.77% > 0%) |
| Interest Coverage Ratio: 0.52 > 6 (EBIT TTM 23.6m / Interest Expense TTM 45.2m) |
| 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 23.6m / Avg Total Assets 3.98b) |
| D: 0.11 (Book Value of Equity 427.2m / Total Liabilities 3.83b) |
| Altman-Z'' = -4.95 = D |
As of July 28, 2026, the stock is trading at USD 15.80 with a total of 256,092 shares traded. Over the past week, the price has changed by -1.25%, over one month by -4.59%, over three months by +8.15% and over the past year by +39.86%.
Current recommended Stop Loss: 14.70 (which is 7% or 2.3 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 | 18.1 | 14.7% |
P/E Trailing = 8.4355
P/E Forward = 7.2254
P/S = 1.9677
P/B = 0.9172
Revenue TTM = 167.1m USD
EBIT TTM = 23.6m USD
EBITDA TTM = 28.4m 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 = 820.9m USD (390.3m + Debt 438.9m - CCE 8.36m)
Interest Coverage Ratio = 0.52 (Ebit TTM 23.6m / Interest Expense TTM 45.2m)
EV/FCF = -10.30x (Enterprise Value 820.9m / FCF TTM -79.7m)
FCF Yield = -9.71% (FCF TTM -79.7m / Enterprise Value 820.9m)
FCF Margin = -47.72% (FCF TTM -79.7m / Revenue TTM 167.1m)
Net Margin = 21.78% (Net Income TTM 36.4m / Revenue TTM 167.1m)
Gross Margin = 43.98% ((Revenue TTM 167.1m - Cost of Revenue TTM 93.6m) / Revenue TTM)
Gross Margin QoQ = none% (prev 65.71%)
Tobins Q-Ratio = 0.19 (Enterprise Value 820.9m / Total Assets 4.26b)
Interest Expense / Debt = 10.30% (Interest Expense 45.2m / Debt 438.9m)
Taxrate = 19.17% (8.63m / 45.0m)
NOPAT = 19.0m (EBIT 23.6m * (1 - 19.17%))
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 = 15.15 (Net Debt 430.6m / EBITDA 28.4m)
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 = 0.91% (Net Income 36.4m / Total Assets 4.26b)
RoE = 9.05% (Net Income TTM 36.4m / Total Stockholder Equity 402.2m)
RoCE = 3.29% (EBIT 23.6m / Capital Employed (Equity 402.2m + L.T.Debt 313.8m))
RoIC = 0.45% (NOPAT 19.0m / Invested Capital 4.25b)
WACC = 8.78% (E(390.3m)/V(829.3m) * Re(9.29%) + D(438.9m)/V(829.3m) * Rd(10.30%) * (1-Tc(0.19)))
Discount Rate = 9.29% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 10.07 | Cagr: 0.06%
[DCF] Fair Price = unknown (Cash Flow -79.7m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.68 | # QB: 0
Revenue Correlation: 11.69 | Revenue CAGR: 2.38% | SUE: -1.48 | # QB: -1
EPS current Quarter (2026-09-30): EPS=0.43 | Chg30d=+0.39% | Revisions=+0% | Analysts=4
EPS current Year (2026-12-31): EPS=1.58 | Chg30d=+0.37% | Revisions=-25% | GrowthEPS=+305.8% | GrowthRev=+24.6%
EPS next Year (2027-12-31): EPS=1.89 | Chg30d=-1.52% | Revisions=+25% | GrowthEPS=+19.3% | GrowthRev=+7.9%
[Analyst] Revisions Ratio: +0% (up=1, down=1)