Stock fact sheet · data as of
Primary Bank (PRMY): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · Speculative / Distressed
Is PRMY undervalued?
At 37.25 (close of 16 Oct 2026), PRMY trades within a few percent of the GLS average fair value of 34.86 (6.8% 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 68.14. 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.
The nightly engine files PRMY under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
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 | 68.14 | +83% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 36.11 | -3% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 26.82 | -28% | 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 | -73% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 62.16 | +67% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 45.22 | +21% | 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 | -27% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -112.45 | -402% | 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
Financial health is weak: PRMY passes 0 of the nine Piotroski tests. Our screens drop the stock at the health rule; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is 6.6 out of 10: a ten-year record that is consistent in some of the metrics the score tracks (revenue, earnings, margins, cash flow, returns on capital) and patchy in 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 6.0%.
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 | 0 / 9 | ROIC | 10.2% |
|---|---|---|---|
| GLS Moat | 6.6 / 10 | ROE | 10.3% |
| Debt / equity | 0.01 | ROA | 1.6% |
| Free-cash-flow yield | 6.0% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 26: 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; the Wheel Score is capped at 39 and shown as "No options" (26 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 0k shares a day on a market cap of $180M, with a beta of -0.38 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 10 / 25 | -7% margin of safety | |
| Health | 0 / 20 | Piotroski 0/9 | |
| Moat | 10 / 15 | moat 6.6/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 0k shares/day, $180M cap, beta -0.38 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score 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 |
|---|---|---|---|---|---|
| FGFH Foresight Financial Group, Inc. | 49.89 | 42.68 | -17% | 30No options | $180M |
| CPKF Chesapeake Financial Shares, Inc. | 38.51 | 37.43 | -3% | 36No options | $181M |
| FNWD Finward Bancorp | 41.79 | 76.03 | +45% | 39No options | $181M |
| PLQC Plains Acquisition Corporation | 68.94 | 94.76 | +27% | 39No options | $178M |
| SABK South Atlantic Bancshares, Inc. | 24.00 | 26.99 | +11% | 39No options | $183M |
| SBFG SB Financial Group, Inc. | 29.34 | 38.02 | +23% | 39No options | $183M |
| BVFL BV Financial, Inc. | 21.75 | 36.91 | +41% | 39No options | $184M |
| UBAB United Bancorporation of Alabama, Inc. | 60.35 | 135.73 | +56% | 39No options | $184M |
| QNBC QNB Corp. | 45.80 | 35.38 | -29% | 24No options | $185M |
| ECBK ECB Bancorp, Inc. | 19.85 | 54.96 | +64% | 39No options | $173M |
| MNSB MainStreet Bancshares, Inc. | 24.27 | 32.99 | +26% | 39No options | $173M |
| MSWV Main Street Financial Services Corp. | 24.00 | 47.16 | +49% | 39No options | $188M |
⚖ 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 37.25 the stock trades within a few percent of the GLS average fair value of 34.86 (6.8% above fair value, data as of 16 Oct 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; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for PRMY?
34.86 per share as of 16 Oct 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 16 Oct 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 is capped at 39.