A number of other brokerages have also issued reports on SFST. FIG Partners restated an outperform rating on shares of Southern First Bancshares in a research note on Thursday, May 16th. Zacks Investment Research upgraded shares of Southern First Bancshares from a hold rating to a strong-buy rating and set a $42.00 price target on the stock in a research note on Friday, August 9th.
NASDAQ SFST opened at $41.18 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.20. The firm has a market cap of $315.03 million, a PE ratio of 14.30 and a beta of 0.98. The company has a 50 day moving average price of $38.71 and a 200 day moving average price of $37.00. Southern First Bancshares has a 52 week low of $27.33 and a 52 week high of $42.20.
Southern First Bancshares (NASDAQ:SFST) last posted its quarterly earnings data on Friday, August 2nd. The bank reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. The firm had revenue of $20.63 million during the quarter, compared to analyst estimates of $20.63 million. Southern First Bancshares had a net margin of 25.39% and a return on equity of 13.94%. On average, equities research analysts anticipate that Southern First Bancshares will post 3.35 earnings per share for the current fiscal year.
In other Southern First Bancshares news, President F Justin Strickland sold 6,250 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $40.02, for a total transaction of $250,125.00. Following the transaction, the president now owns 55,127 shares in the company, valued at approximately $2,206,182.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO R Arthur Seaver, Jr. sold 10,700 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $38.00, for a total transaction of $406,600.00. Following the transaction, the chief executive officer now owns 65,891 shares in the company, valued at approximately $2,503,858. The disclosure for this sale can be found here. Insiders have sold a total of 20,907 shares of company stock worth $863,550 in the last 90 days. 10.51% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of the business. Greenwood Capital Associates LLC increased its stake in Southern First Bancshares by 4.3% during the 2nd quarter. Greenwood Capital Associates LLC now owns 8,400 shares of the bank’s stock valued at $329,000 after purchasing an additional 348 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Southern First Bancshares by 5.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,086 shares of the bank’s stock valued at $630,000 after acquiring an additional 834 shares during the last quarter. Mcmillion Capital Management Inc. purchased a new stake in shares of Southern First Bancshares in the 2nd quarter valued at $42,000. EJF Capital LLC boosted its holdings in shares of Southern First Bancshares by 0.9% in the 2nd quarter. EJF Capital LLC now owns 123,232 shares of the bank’s stock valued at $4,826,000 after acquiring an additional 1,062 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Southern First Bancshares by 609.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,448 shares of the bank’s stock valued at $49,000 after acquiring an additional 1,244 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.
About Southern First Bancshares
Southern First Bancshares, Inc operates as the bank holding company for Southern First Bank that provides various banking products and services to general public in South Carolina, North Carolina, and Georgia. It accepts various deposit products that include checking accounts, commercial checking accounts, savings accounts, and other time deposits, including daily money market accounts and long-term certificates of deposit.
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