In a report released today, Casey Whitman from Piper Sandler maintained a Buy rating on Primis Financial (FRST – Research Report), with a price target of $12.50. The company’s shares closed yesterday at $12.66.
Whitman covers the Financial sector, focusing on stocks such as Primis Financial, WesBanco, and Ameris Bancorp. According to TipRanks, Whitman has an average return of 13.0% and a 61.47% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Primis Financial with a $12.50 average price target.
See Insiders’ Hot Stocks on TipRanks >>
Based on Primis Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $37.07 million and a GAAP net loss of $3.57 million. In comparison, last year the company earned a revenue of $33.04 million and had a net profit of $5.03 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Primis Financial (FRST) Company Description:
Southern National Bancorp of Virginia, Inc. is a bank holding company. Its operates through its subsidiary Sonabank, offers a wide range of commercial banking services to small and medium-sized businesses and retail consumers. The firm focuses on making loans secured primarily by commercial real estate and other types of secured and unsecured commercial loans to small and medium-sized businesses in a number of industries, as well as loans to individuals for a variety of purposes. It also invests in real estate related securities, including collateralized mortgage obligations and agency mortgage backed securities. The company was founded by Georgia S. Derrico and R. Roderick Porter in 2004 and is headquartered in McLean, VA.
Read More on FRST:
