Primis Financial Corp. - Common Stock (FRST)

Competitors to Primis Financial Corp. - Common Stock (FRST)

Blackstone Mortgage Trust, Inc. 

Blackstone Mortgage Trust operates within the commercial real estate finance sphere, offering a more focused product range compared to Primis Financial, which is primarily residential. Blackstone benefits from the backing of the larger Blackstone Group and has significant capital resources that provide the ability to capitalize on large-scale commercial transactions. This advantage in scale and breadth of operations allows Blackstone to access favorable financing conditions and premium properties, giving them a distinct edge in the competitive landscape.

Ellington Financial Inc. 

Ellington Financial Inc. invests in a wide array of mortgage-related and other financial assets, directly competing with Primis Financial Corp. in the mortgage investment sector. Ellington typically employs more complex investment strategies, including various hedging techniques and diversification across asset classes. This tactical approach may provide Ellington with a competitive advantage by reducing risk and enhancing returns across different market cycles, which could attract investors looking for stability and performance.

New York Mortgage Trust, Inc. 

New York Mortgage Trust focuses on acquiring and managing a portfolio of mortgage-related assets, similar to Primis Financial Corp., which also invests heavily in the mortgage market. Both companies target yield-oriented investors looking for dividend income. However, New York Mortgage Trust has a more diversified asset portfolio, which includes both agency and non-agency mortgage-backed securities, giving them a broader risk management strategy and potentially mitigating market volatility. This diversification could be seen as a competitive advantage over Primis.

Ready Capital Corporation 

Ready Capital Corporation offers various financial products, including mortgage loans and other real estate investments, competing directly with Primis Financial Corp. The company has a focus on providing flexible capital solutions for small business owners and offers a broader product range, including bridge loans and multifamily financing. This diversified service offering can provide Ready Capital with a competitive advantage, allowing them to tap into different market segments compared to Primis, which is more focused on traditional mortgage investments.

Two Harbors Investment Corp. 

Two Harbors Investment Corp. operates as a real estate investment trust (REIT) and primarily invests in residential mortgage-backed securities similar to Primis. They seek to attract income-focused investors and have strategic asset allocation practices to manage interest rate risks effectively. Two Harbors has historically benefited from its innovative strategies in hedging and risk management, which could give it a competitive edge over Primis Financial in terms of navigating market fluctuations.