News articles about Southern First Bancshares (NASDAQ:SFST) have been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Southern First Bancshares earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 43.3600511944019 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Southern First Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. ValuEngine upgraded shares of Southern First Bancshares from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub lowered shares of Southern First Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Southern First Bancshares currently has a consensus rating of “Hold” and a consensus price target of $38.33.
Shares of Southern First Bancshares (NASDAQ:SFST) opened at 35.45 on Wednesday. Southern First Bancshares has a one year low of $24.53 and a one year high of $38.55. The stock has a 50 day moving average of $35.86 and a 200-day moving average of $34.80. The company has a market capitalization of $259.28 million, a price-to-earnings ratio of 18.20 and a beta of 0.65.
Southern First Bancshares (NASDAQ:SFST) last posted its earnings results on Tuesday, July 25th. The bank reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Southern First Bancshares had a net margin of 20.68% and a return on equity of 11.39%. The firm had revenue of $14.92 million during the quarter, compared to analyst estimates of $14.21 million. On average, equities analysts expect that Southern First Bancshares will post $2.03 earnings per share for the current year.
In related news, Director Fred Gilmer, Jr. sold 1,200 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $36.69, for a total value of $44,028.00. Following the completion of the transaction, the director now directly owns 50,320 shares of the company’s stock, valued at $1,846,240.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Michael D. Dowling sold 5,850 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $36.00, for a total transaction of $210,600.00. Following the completion of the transaction, the chief financial officer now directly owns 36,107 shares of the company’s stock, valued at $1,299,852. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,927 shares of company stock valued at $611,937. 14.50% of the stock is currently owned by insiders.
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About Southern First Bancshares
Southern First Bancshares, Inc is a bank holding company that owns the capital stock of Southern First Bank (the Bank), a South Carolina state bank, and all of the stock of Greenville First Statutory Trust I and II (the Trusts). The Bank is a commercial bank with approximately nine retail offices located in Greenville, Columbia and Charleston, South Carolina.
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