News coverage about Southern First Bancshares (NASDAQ:SFST) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Southern First Bancshares earned a news impact score of 0.13 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 48.8642975596788 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
SFST has been the topic of a number of research analyst reports. BidaskClub downgraded Southern First Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. FIG Partners reaffirmed an “outperform” rating and set a $42.00 price target (up from $40.00) on shares of Southern First Bancshares in a report on Wednesday, October 4th. Finally, Zacks Investment Research downgraded Southern First Bancshares from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $38.67.
Southern First Bancshares (SFST) traded down $0.05 during mid-day trading on Monday, reaching $39.15. The company’s stock had a trading volume of 31,400 shares, compared to its average volume of 16,506. Southern First Bancshares has a 52 week low of $29.25 and a 52 week high of $41.10. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.03 and a current ratio of 1.04. The company has a market capitalization of $286.54, a P/E ratio of 19.67 and a beta of 0.72.
Southern First Bancshares (NASDAQ:SFST) last posted its earnings results on Thursday, October 26th. The bank reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. Southern First Bancshares had a return on equity of 11.10% and a net margin of 21.10%. The company had revenue of $15.85 million for the quarter, compared to the consensus estimate of $15.22 million. sell-side analysts anticipate that Southern First Bancshares will post 2.03 EPS for the current year.
In other news, CFO Michael D. Dowling sold 3,600 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $36.00, for a total value of $129,600.00. Following the transaction, the chief financial officer now owns 36,107 shares of the company’s stock, valued at $1,299,852. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President F Justin Strickland sold 1,250 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $39.00, for a total value of $48,750.00. Following the completion of the transaction, the president now directly owns 62,889 shares in the company, valued at approximately $2,452,671. The disclosure for this sale can be found here. In the last three months, insiders sold 11,450 shares of company stock worth $415,950. 12.85% of the stock is owned by corporate insiders.
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Southern First Bancshares Company Profile
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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