EN DE
Watch Primary Bank for free: we tell you when fair value or trend changes.
Data-driven stock valuation

Primary Bank (PRMY) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Primary Bank stock $19.77, price $38.48, that is 48.6% below the price, quality 60 out of 100. Rating: strongly overvalued. Calculated from audited financials with 4 of our 26 valuation models and 37 quality factors, updated daily.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Financial Services US

PB Primary Bank logo Some data Nov 8, 2026

Primary Bank

PRMY · US
Solid, but very expensive

Our calculation puts a fair price 49% below what the stock costs today.

Quality 60/100
Healthy Growth (revenue 5y +20.1 %/yr in USD)
Highly profitable · 41.5% net margin (TTM)
Mixed vs. peers (7/13)
Wide moat 66/100 · thin data
Some data
Fair value $19.77 · Strongly overvalued
Watch Primary Bank for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$60.00 $8.00 Fair Value $19.77 Oct 2016 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.

How to read this chart

60‑month range $8.00 – $60.00 · fair‑value band $18.49 – $23.41 · the $38.48 price screens above the $19.77 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.

Follow Primary Bank in your weekly email

Every Wednesday you see whether Primary Bank is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Primary Bank provides financial services to small and medium-sized businesses in New Hampshire, the United States. The company offers checking, savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit.

Show moreShow less

It also provides commercial lending solutions, including SBA loans, working capital and equipment and construction lines of credit, commercial real estate and construction loans, acquisition and development loans, land loans, residential sub-division loans, non-owner-occupied multi-family and 1-4 family loans, business term loans, guaranteed loans, and letters of credit.

In addition, the company offers cash management, remote deposit, lockbox, debit cards, credit cards, merchant, and internet and mobile banking services. Primary Bank was incorporated in 2015 and is based in Bedford, New Hampshire.

Stock analysis

Primary Bank (PRMY) currently trades at $38.48, while our model-based Fair Value estimate is $19.77, 49% below the price, so the stock looks overvalued today.

Show more

Valuation

Bull case: the Multiples group reads highest at a median of $32.05 per share, and 0 of the 4 models we run sit above the $38.48 price.

Bear case: the Asset-Based group reads lowest at $15.69, and 4 of the 4 models stay below the price. Data coverage for this calculation is medium.

Scenario range: $18.49 (bear) to $23.41 (bull), the price of $38.48 sits above 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 60/100 (solid quality), in the Financial Services sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

Primary Bank reported revenue of $42.2M in FY2025 versus $25.1M in FY2021, a compound +13.9%/yr. Reported net income was $11.6M in FY2025, compounding +8.5%/yr from FY2021.

Key figures

Market cap $186M Micro · P/E ratio 16.1 · P/S ratio 6.65 · EPS (TTM) $2.39 · Net margin 41.5% · Return on equity 10.9% · Return on assets (EBIT) 2.1% (5-year average) · Operating margin 57.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).

What moves the price

The share trades at its 52-week high and 53% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −49%, PRMY screens richer than that median.

Fair Value models

Bear $18.49 Fair Value $19.77 Bull $23.41
Price $38.48 · Downside -48.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($2.05 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income $18.49 $19.77 $22.38 71
P/E Multiple $23.49 $31.32 $39.15 63
P/B Multiple $24.58 $32.78 $40.97 55
All 4 models by family
Multiples
P/E Multiple $23.49 $31.32 $39.15 63
P/B Multiple $24.58 $32.78 $40.97 55
Asset-Based
NCAV (Graham) $11.71 $15.69 $23.41 54
Economic Profit
Residual Income $18.49 $19.77 $22.38 71

Open the full fair value analysis →

Quality Score breakdown

Overall quality 60/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 36
How much profit the company makes from its sales and capital
Quality Growth 54
Are margins and returns getting better?
Cashflow 79
Do the profits arrive as real cash?
Financial strength 31
Debt, balance sheet and risk of trouble
Investment 71
Does it invest with discipline instead of growing at any price?
Low Volatility 95
How calm the share price moves, does not count
Price momentum 75
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 96
Distance to the 52-week high, does not count
New shares 79
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+5.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.1%
Start year 2020 (pandemic)
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+41.2%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+23.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+23.7%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.30% → 37%

PRMY screens overvalued: fair value 49% below the price. Compare with China Merchants Bank Co →

Compare Primary Bank with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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

Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 60 · Top 25%
Fair Value upside −48.6% · Bottom 25%
Profitability
Return on equity (12 months) 10.9% · Above median
Return on assets 1.6% · Top 25%
Net margin (12 months) 41.5% · Top 25%
Operating margin (12 months) 57.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 0.0% · Bottom 25%

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (12 months) 16.1× · Priciest 25%
P/B 1.65× · Priciest 25%
P/S (12 months) 6.65× · Priciest 25%
Price / free cash flow (fiscal year) 17.4× · Priciest 25%
EV/EBITDA 7.5× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 8
FUTURE (revenue growth)0 · sector 47
PAST (return on equity)44 · sector 43
HEALTH (low debt)–
DIVIDEND (yield)0 · sector 53

VALUE 0: the price sits above our fair-value range.

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

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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 PRMY
China Merchants Bank Co 600036 ¥42.88 ¥52.73 +23% vs PRMY
BNP Paribas SA BNP €91.93 €106.01 +15% vs PRMY
Intesa Sanpaolo S.p.A ISP €6.18 €4.49 −27% vs PRMY
State Bank of India SBIN ₹1,019 ₹736.65 −28% vs PRMY
UniCredit S.p.A UCG €76.80 €50.44 −34% vs PRMY
Mizuho Financial Group MFG $9.40 $5.89 −37% vs PRMY
DBS Group D05 69.72 SGD 40.39 SGD −42% vs PRMY
HDFC Bank Limited HDFCBANK ₹788.25 ₹406.39 −48% vs PRMY
ICICI Bank Limited ICICIBANK ₹1,571 ₹615.63 −61% vs PRMY

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend StocksUndervalued 52-Week Low Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Free calculator Peter Lynch Fair Value Formula &…Free calculator
Run the numbers yourself: free valuation calculators
DCF CalculatorP/E Ratio CalculatorPEG Ratio CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorIntrinsic ValueIntrinsic vs Extrinsic ValueP/E Ratio by Sector
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Primary Bank: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Primary Bank Fair Value". https://www.fairvalue-calculator.com/stock/PRMY

Frequently asked questions

Is Primary Bank (PRMY) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $19.77 versus a price of $38.48, about 49% lower (overvalued).
What is the fair value of PRMY?
Our model-based fair value for Primary Bank is $19.77 (as of Nov 8, 2026), built from audited fundamentals. The current price: $38.48.
What is the quality score of PRMY?
Primary Bank has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Primary Bank (PRMY)?
Our model-based price target is the fair value of $19.77 (as of Nov 8, 2026) from 4 valuation models. Cautious scenario $18.49, optimistic scenario $23.41. It is a calculation from audited fundamentals, not an analyst target.
What is the Primary Bank stock forecast for 2026?
Our models put fair value at $19.77, about 49% lower versus a price of $38.48 (overvalued). Cautious scenario $18.49, optimistic scenario $23.41. The calculation is refreshed regularly with new filings.
What is the revenue of Primary Bank (PRMY)?
Primary Bank reported trailing-twelve-month revenue of about $28.0M (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of Primary Bank (PRMY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Primary Bank it is $19.77 per share (as of Nov 8, 2026), against a price of $38.48. It is the blended result of 4 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is Primary Bank stock overvalued or undervalued in 2026?
As of Nov 8, 2026, PRMY trades above its calculated fair value: price $38.48, fair value $19.77, a gap of about −49% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of PRMY?
No. The price is what the market pays today ($38.48); the fair value is what the company's own numbers justify ($19.77). For Primary Bank the two are $18.71 per share apart. That gap is exactly why we show both numbers side by side.
How much is Primary Bank worth?
The market values Primary Bank at about $186M (market capitalisation, as of Nov 8, 2026). Per share that is $38.48; our models calculate a fair value of $19.77 per share.
What do the bullish and bearish scenarios say about PRMY?
Our models span a range for Primary Bank: cautious scenario $18.49, base $19.77, optimistic $23.41 per share (as of Nov 8, 2026, price $38.48). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PRMY?
Primary Bank trades at a price-to-earnings ratio of 16.1 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $19.77 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2018 to 2025), reported earnings: 11.4. Other multiples: P/B 1.7, P/S 6.7, EV/EBITDA 7.5.
How solid is the balance sheet of Primary Bank (PRMY)?
Balance-sheet figures for Primary Bank (as of Nov 8, 2026): return on equity 10.9%. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is PRMY from its 52-week high?
Primary Bank trades at $38.48, at its 52-week high of $38.48 and 53% above the low of $25.15 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $19.77 is for.
Which stocks are comparable to Primary Bank?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Primary Bank stock attractive at the current price?
The data as of Nov 8, 2026: price $38.48, calculated fair value $19.77 (−49%), Quality Score 60/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of PRMY calculated?
We run Primary Bank through 4 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of $19.77 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Primary Bank itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Primary Bank (PRMY)?
The closing price on Nov 6, 2026 was $38.48. Our model-based fair value is $19.77, about 49% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Primary Bank right now?
The price sits above even our optimistic bull case ($23.41). The favourable scenario is already priced in. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of Primary Bank

How large is the market capitalisation of Primary Bank (PRMY)?
The market capitalisation of Primary Bank is $186M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Primary Bank (PRMY)?
The price-to-sales ratio of Primary Bank is 6.65 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Primary Bank (PRMY)?
Earnings per share at Primary Bank are $2.39 (price ÷ EPS = P/E 16.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Primary Bank (PRMY)?
The net margin of Primary Bank is 41.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Primary Bank (PRMY)?
The return on equity (ROE) of Primary Bank is 10.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Primary Bank (PRMY)?
On an EBIT basis the return on assets of Primary Bank is 2.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Primary Bank (PRMY)?
The operating margin of Primary Bank is 57.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much free cash flow does Primary Bank (PRMY) generate?
The free cash flow of Primary Bank is $10.7M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Primary Bank (PRMY) hold?
Primary Bank holds more cash than debt, $65.2M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed

Watch Primary Bank in the live analysis

One click puts Primary Bank on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.