Director John Fitzgerald Biagas of Primis Financial Corp (NASDAQ: FRST) reported a purchase of 1,550 common shares on March 11, 2026, according to a Form 4 filed with the Securities and Exchange Commission. The acquisition occurred through a sequence of buys priced between $12.72 and $12.7579 per share, yielding a combined transaction value of $19,768.
Following the March 11 transaction, Biagas directly holds 90,019 shares of Primis Financial. That total includes 10,233 shares that are held in an individual retirement account (IRA), as noted in the filing.
The stock is trading at a price-to-earnings ratio of 5.12 at present. An InvestingPro analysis cited in the filing indicates the company appears undervalued at current levels. Separately, InvestingPro Tips notes that Primis Financial has maintained dividend payments for 15 consecutive years.
Primis Financial also released fourth-quarter 2025 financial results that materially exceeded consensus estimates. The company reported earnings per share of $1.20, compared with the $0.34 analysts had forecast. Revenue for the quarter reached $80.87 million, topping the anticipated $41.68 million figure.
Despite the strong reported results, the stock experienced a slight decline in pre-market trading. The company did not discuss the stock's market performance further during its earnings call; the call instead centered on the company's financial achievements for the period and its forward-looking outlook.
These developments - the insider purchase, the low reported P/E ratio, the long-running dividend record, and the substantial quarterly beat on both EPS and revenue - are factual elements available to investors assessing Primis Financial's recent activity and reported performance. The public filings and reported financials provide the basis for monitoring insider activity and company results.
Summary of reported facts:
- Insider purchase: 1,550 shares on March 11, 2026; prices ranged from $12.72 to $12.7579; total $19,768.
- Post-transaction holdings: 90,019 shares directly owned by John Fitzgerald Biagas, including 10,233 shares in an IRA.
- Valuation and dividend notes: P/E ratio of 5.12; InvestingPro analysis suggests the company appears undervalued; 15 consecutive years of dividend payments per InvestingPro Tips.
- Q4 2025 results: EPS $1.20 vs. $0.34 forecast; revenue $80.87 million vs. $41.68 million expected.
- Market reaction: slight decline in pre-market trading; stock performance not discussed further on the earnings call.