Is Primis Financial Corp. overvalued or undervalued?

As of 26 September 2025, the valuation grade for Primis Financial Corp. has moved from expensive to fair. The company appears to be undervalued, particularly when considering its Price to Book Value of 0.64, a PEG Ratio of 0.11, and a Dividend Yield of 203.29%. In comparison to peers, Bank7 Corp. has a P/E of 10.50, and Southern First Bancshares, Inc. has a P/E of 16.87, highlighting that Primis Financial Corp. is trading at a significantly higher valuation multiple.
While the company has faced negative returns over the past year, with a stock return of -10.96% compared to the S&P 500's return of 15.64%, it has shown a positive return of 27.47% over the last five years, albeit underperforming the S&P 500's 101.42% return in the same period. This mixed performance further supports the notion that Primis Financial Corp. is currently undervalued relative to its peers and historical performance.