Primis Financial Corp (FRST) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Primis Financial Corp stock $20.08, price $14.48, upside +38.7%, quality 57 out of 100. Rating: undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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Primis Financial Corp
FRST · USThe stock costs 28% less than our calculation considers fair.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $6.35 – $16.67 · fair‑value band $16.09 – $28.82 · the $14.48 price screens below the $20.08 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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Company profile
Primis Financial Corp. operates as the bank holding company for Primis Bank that provides various financial services to individuals, and small and medium sized businesses in the United States.
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The company offers deposit products, including checking, NOW, savings, and money market accounts, as well as certificates of deposits; and commercial deposit products comprising investment/sweep accounts, wire transfer services, employer services/payroll processing services, zero balance accounts, night depository services, depository transfers, merchant services, ACH originations, business debit cards, controlled disbursement accounts, and remote deposit capture services.
It also provides commercial lending products, such as loans consist of lines of credit, revolving credit facilities, demand loans, term loans, equipment loans, SBA loans, stand-by letters of credit, and unsecured loans; loans for permanent financing; construction loans for commercial, multi-family, assisted living and other non-residential properties, and builder/developer lines; second asset based lending; SBA lending; financing for medical, dental, and veterinary businesses; and warehouse lending lines of credit to residential mortgage originators.
In addition, the company provides consumer lending products comprising residential mortgage, home equity lines of credit, secured and unsecured personal loans, life insurance premium financing, and Panacea consumer loans.
Further, it offers debit cards, ATM services, notary services, and mobile and online banking. 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 headquartered in McLean, Virginia.
Stock analysis
Primis Financial Corp (FRST) currently trades at $14.48, while our model-based Fair Value estimate is $20.08, implying the stock looks roughly 28% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $23.06 per share, and 2 of the 6 models we run sit above the $14.48 price.
Bear case: the Dividend Discount group reads lowest at $5.70, and 4 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: $16.09 (bear) to $28.82 (bull), the price of $14.48 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Primis Financial Corp reported revenue of $313M in FY2025 versus $124M in FY2021, a compound +26.1%/yr. Reported net income was $61.4M in FY2025, compounding +18.5%/yr from FY2021.
Key figures
Market cap $359M Small · P/E ratio 6.7 · P/S ratio 1.63 · EPS (TTM) $2.16 · Dividend yield 2.8% · Net margin 24.9% · Return on equity 13.4% · Return on assets (EBIT) 0.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 61 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 39% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at 39%, FRST screens cheaper than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 7 officers or directors bought shares worth $199,150, most recently on Sep 9, 2026. Buying cluster
- BuyEric Alan JohnsonDirector2× since Sep 1, 2026: 2,845 shares, avg. $15.79$44,930Sep 9, 2026
- BuyMargaret M WeichertDirector3× since Aug 6, 2026: 410 shares, avg. $16.10$6,599Sep 1, 2026
- BuyJason Brock SaundersDirector500 shares at $15.20$7,600Jun 11, 2026
- BuyF L Garrett IIIDirector4× since May 22, 2026: 3,099 shares, avg. $14.59$45,214Jun 9, 2026
- BuyScott R GambleDirector2× since Jun 1, 2026: 3,100 shares, avg. $14.50$44,951Jun 3, 2026
- BuyAnurag SharmaEVP, Chief Information Officer694 shares at $14.40$9,996Jun 3, 2026
- BuyRobert Yates ClagettDirector4× since Nov 11, 2025: 6,929 shares, avg. $12.21$84,599May 19, 2026
- BuyJohn Fitzgerald BiagasDirector2× since Mar 11, 2026: 3,475 shares, avg. $12.78$44,403Mar 12, 2026
- BuyDeborah DiazDirector2× since Dec 10, 2025: 2,658 shares, avg. $12.51$33,251Mar 6, 2026
- BuyWilliam Rand CookDirector2× since Feb 5, 2026: 3,180 shares, avg. $14.21$45,188Feb 10, 2026
Plus 1 more entries from the last 12 months.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
Watch FRST, get fair value alerts →
Earlier news
- Primis Financial (FRST) Q3 Earnings Spotlight A Margin Driven Profit Shift
- Primis signals 8%–8.5% year-end balance sheet growth as it targets TCE north of 8.5% in a few quarters
- Primis Financial (FRST) Q3 Earnings and Revenues Lag Estimates
- Primis Financial: Q3 Earnings Snapshot
Compare Primis Financial Corp with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 996 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- EV/EBITDA by industry
- Dividend yield by industry
- Stock screener with 62 metrics
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Postal Savings Bank of China Co 601658 | ¥5.53 | ¥7.59 | +37% | vs FRST |
| China Merchants Bank Co 600036 | ¥42.88 | ¥52.73 | +23% | vs FRST |
| BNP Paribas SA BNP | €91.93 | €106.01 | +15% | vs FRST |
| Intesa Sanpaolo S.p.A ISP | €6.18 | €4.49 | −27% | vs FRST |
| State Bank of India SBIN | ₹1,019 | ₹736.65 | −28% | vs FRST |
| UniCredit S.p.A UCG | €76.80 | €50.44 | −34% | vs FRST |
| Mizuho Financial Group MFG | $9.40 | $5.89 | −37% | vs FRST |
| DBS Group D05 | 69.72 SGD | 40.39 SGD | −42% | vs FRST |
| HDFC Bank Limited HDFCBANK | ₹788.25 | ₹406.39 | −48% | vs FRST |
| ICICI Bank Limited ICICIBANK | ₹1,571 | ₹615.63 | −61% | vs FRST |
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Key figures of Primis Financial Corp
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