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Primis Financial ( (FRST) ) has issued an update.
Primis Financial Corp. announced that it received a notice from Nasdaq on April 3, 2025, indicating non-compliance with the Nasdaq Listing Rule due to a delayed filing of its Form 10-K for the period ending December 31, 2024. Despite being under a one-year Panel Monitor, the company appealed the determination to delist its securities and requested a hearing, which automatically stayed any suspension of trading for 15 days. Primis plans to file the Form 10-K promptly and expects to regain compliance before the hearing, ensuring no immediate effect on its Nasdaq listing.
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. operates in the financial services industry, providing a range of services to individuals and small- and medium-sized businesses through twenty-four full-service branches in Virginia and Maryland. The company also offers services via online and mobile applications.
YTD Price Performance: -28.81%
Average Trading Volume: 96,060
Technical Sentiment Signal: Strong Buy
Current Market Cap: $206.4M
For detailed information about FRST stock, go to TipRanks’ Stock Analysis page.