Alert: Positive Investment/Fundamental Signals (11/29/23)-Primis Financial Corp (NASDAQ: FRST)


Primis Financial Corp (NASDAQ: FRST) has benefited from exceptional positive changes in investment behavior: the stock rose on very heavy volume, and positive upside/downside volume developed.

Recent notable positive changes in fundamentals have benefitted Primis Financial Corp (NASDAQ: FRST): 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 B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, FRST is expected to be a modest Value Builder.

Primis Financial has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Primis Financial has a neutral Power Rating of 57 but a good Appreciation Score of 82, producing the Positive Value Trend Rating.

Recent Price Action

Primis Financial Corp (NASDAQ: FRST) stock closed at $10.09 on 11/29/23 after an increase of 1.4%. Moreover, trading volume in this advance was exceptionally high at 260% of normal. The stock has declined -1.1% during the last week and has performed in line with the market over the last nine months.

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