Primis Financial stock gets a USD 18.00 Raymond James target

Published on 10/07/2026 at 04:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Primis Financial stock has a USD 18.00 Raymond James target dated October 6, 2026. Q2 EPS missed consensus at USD 0.23 versus USD 0.38, while revenue reached USD 55.79 million.

FRST, US74167B1098, Illustration mit AI erstellt.

Primis Financial stock (ISIN US74167B1098) was trading at USD 15.48 on Nasdaq on October 6, 2026, while Raymond James kept its Strong Buy rating and lowered its price target to USD 18.00. The target leaves a USD 2.52 gap to the latest quoted price.

Raymond James cuts target to USD 18

As Benzinga reported on October 6, 2026, Raymond James maintained its Strong Buy view on Primis Financial and reduced the target to USD 18.00. The target is 16.3 percent above the USD 15.48 share price, a comparison that keeps the analyst view positive while acknowledging a lower valuation ceiling.

The company is the holding company for Primis Bank, a state-chartered bank serving individuals and businesses. Primis Financial identifies its headquarters in McLean, Virginia, while Primis Bank is based in Glen Allen, Virginia.

Second-quarter EPS missed expectations

In the second quarter of 2026, Primis Financial reported EPS of USD 0.23 against analyst expectations of USD 0.38, according to MarketBeat. Revenue reached USD 55.79 million, exceeding the USD 48.77 million estimate, so the quarter delivered a clear split between stronger top-line performance and weaker earnings against expectations.

MarketBeat also reported a quarterly dividend of USD 0.10 per share and an overall Buy consensus with a USD 18.00 price target. The same overview listed one Strong Buy, two Buy ratings and one Hold rating, giving the consensus a positive tilt despite the earnings miss.

Stock remains below yearly high

Primis Financial stock has a market capitalization of USD 384.1 million as of October 6, 2026. Its banking model, the Q2 earnings gap and the revised Raymond James target are the key figures for investors assessing whether earnings execution can catch up with the current analyst view.