Stephens analyst Russell Gunther initiated coverage of Primis Financial with an Overweight rating and $13 price target as the analyst launches coverage on 10 Southeast/MidAtlantic banks. The "fruits of considerable labor are poised to pay off" three years into CEO Zember’s tenure as the maturation of strategic initiatives result in 147% EPS and 83% PPNR growth in 2023, the analyst tells investors.
Published first on TheFly
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