Alert: Positive Investment/Fundamental Signals (11/6/23)-Primis Financial Corp (NASDAQ: FRST)


Recent exceptional positive changes in investment behavior have benefitted Primis Financial Corp (NASDAQ: FRST): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

Primis Financial Corp (NASDAQ: FRST) has benefited from significant positive changes in fundamentals: the consensus estimate for December, 2024 increased significantly, and the consensus estimate for December, 2023 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, FRST is expected to be a modest Value Builder.

Primis Financial has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Primis Financial has a good Appreciation Score of 81 but a slightly negative Power Rating of 37, with the High Neutral Value Trend Rating the result.

Recent Price Action

Primis Financial Corp (NASDAQ: FRST) stock closed at $9.79 on 11/6/23 after a large decline of -2.1%. The stock has risen 18.0% during the last week but has been weak relative to the market over the last nine months.

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