Stock fact sheet · data as of
Primary Bank (PRMY): fair value, margin of safety and Wheel Score
Ticker symbol PRMY · Financial Services · Banks - Regional · United States · Blend
Is PRMY undervalued?
At 38.22 (close of 5 Nov 2026), PRMY trades within a few percent of the GLS average fair value of 35.23 (8.5% above fair value). 8 models produced a value and they split 3 above the price to 5 below. A stock priced at fair value earns about half of the Wheel Score's Value points; the rest of the score comes from health, moat, premium and stability.
The 8 models disagree widely: Lynch gives 3.33 while DCF gives 71.10. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for PRMY, so the nightly engine files it under Blend (value score 45, growth score 37, out of 100).
Nine valuation models for PRMY
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 71.10 | +86% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 36.11 | -6% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 26.82 | -30% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 3.33 | -91% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 9.98 | -74% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 62.16 | +63% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 45.22 | +18% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 27.14 | -29% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -112.45 | -394% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
No Piotroski health score is on file for PRMY (the statements it needs were not available), so the Health part of the Wheel Score counts it at half marks - 10 of 20 - rather than marking the stock down for missing data. The GLS Moat score is 5.4 out of 10: a record that is solid on some of the four parts the score weighs (returns on capital, pricing power, lasting growth, balance sheet) and weaker on others.
Returns on capital are moderate - ROIC 10.2%, ROE 10.3%, ROA 1.6% - with debt at 0.01 times equity and a free-cash-flow yield of 5.8%.
Primary Bank pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | - / 9 | ROIC | 10.2% |
|---|---|---|---|
| GLS Moat | 5.4 / 10 | ROE | 10.3% |
| Debt / equity | 0.01 | ROA | 1.6% |
| Free-cash-flow yield | 5.8% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 18: No options
PRMY has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (18 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 2k shares a day on a market cap of $185M, with a beta of -0.39 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 8% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | no implied volatility |
| 8 | Big enough | Fails | market cap $185M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 8% above fair value | |
| Premium | Weak | no option data | |
| Moat | Fair | moat 5.4/10 | |
| Health | Fair | no Piotroski score on file - half marks | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta -0.39, $185M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for PRMY in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to Primary Bank by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| SABK South Atlantic Bancshares, Inc. | 24.25 | 28.45 | +15% | 24No options | $184M |
| PLQC Plains Acquisition Corporation | 72.00 | 94.67 | +24% | 32No options | $186M |
| FGFH Foresight Financial Group, Inc. | 50.30 | 46.41 | -8% | 19No options | $181M |
| FGBI First Guaranty Bancshares, Inc. | 11.29 | 45.99 | +75% | 32No options | $188M |
| BVFL BV Financial, Inc. | 22.28 | 39.02 | +43% | 34No options | $189M |
| SBFG SB Financial Group, Inc. | 30.29 | 38.48 | +21% | 32No options | $189M |
| CPKF Chesapeake Financial Shares, Inc. | 38.23 | 38.08 | -0% | 21No options | $180M |
| UBAB United Bancorporation of Alabama, Inc. | 62.05 | 137.53 | +55% | 33No options | $190M |
| FINW FinWise Bancorp | 13.67 | 31.25 | +56% | 33No options | $190M |
| ENBP ENB Financial Corp | 31.25 | 52.40 | +40% | 32No options | $179M |
| DIMC Dimeco, Inc. | 70.00 | 141.22 | +50% | 36No options | $178M |
| BMBN Benchmark Bankshares, Inc. | 43.40 | 126.07 | +66% | 37No options | $193M |
⚖ Compare PRMY with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about PRMY
Is PRMY undervalued right now?
Not meaningfully: at 38.22 the stock trades within a few percent of the GLS average fair value of 35.23 (8.5% above fair value, data as of 5 Nov 2026).
What is the Wheel Score of PRMY and what does it mean?
PRMY has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for PRMY?
35.23 per share as of 5 Nov 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Primary Bank report earnings next?
No upcoming earnings date is recorded for PRMY in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does PRMY have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on PRMY, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.