An update from Primis Financial ( (FRST) ) is now available.
Primis Financial Corp. announced that it has submitted a hearing request to Nasdaq to appeal a delisting determination and has received a stay of delisting pending a final decision by the Nasdaq Hearings Panel. The company plans to file its Form 10-K for the year ending December 31, 2024, before the scheduled hearing on May 15, 2025, to regain compliance with Nasdaq Listing Rules.
Spark’s Take on FRST Stock
According to Spark, TipRanks’ AI Analyst, FRST is a Neutral.
Primis Financial faces significant challenges with declining profitability, cash flow volatility, and strategic repositioning. While there are growth prospects in certain divisions and a stable dividend, the overall outlook is cautious due to operational and financial hurdles.
To see Spark’s full report on FRST stock, click here.
More about Primis Financial
Primis Financial Corp., operating under the NASDAQ symbol FRST, is a financial services provider with $3.7 billion in total assets as of December 31, 2024. The company offers a range of financial services to individuals and small- and medium-sized businesses through its twenty-four full-service branches in Virginia and Maryland, as well as through online and mobile applications.
YTD Price Performance: -31.29%
Average Trading Volume: 98,062
Technical Sentiment Signal: Strong Buy
Current Market Cap: $196.3M
See more insights into FRST stock on TipRanks’ Stock Analysis page.