Southern First Bancshares, Inc. (NASDAQ:SFST) – Equities researchers at FIG Partners dropped their Q3 2017 earnings per share estimates for Southern First Bancshares in a research report issued to clients and investors on Tuesday. FIG Partners analyst C. Marinac now forecasts that the bank will earn $0.50 per share for the quarter, down from their prior estimate of $0.54. FIG Partners has a “Outperform” rating and a $42.00 price target on the stock. FIG Partners also issued estimates for Southern First Bancshares’ Q4 2017 earnings at $0.54 EPS, FY2017 earnings at $1.99 EPS, Q1 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.67 EPS and FY2018 earnings at $2.45 EPS.

Southern First Bancshares (NASDAQ:SFST) last issued its earnings results on Tuesday, July 25th. The bank reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. Southern First Bancshares had a return on equity of 11.28% and a net margin of 24.17%. The business had revenue of $14.92 million during the quarter, compared to the consensus estimate of $14.21 million.

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A number of other analysts have also recently commented on SFST. BidaskClub cut Southern First Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research lowered Southern First Bancshares from a “hold” rating to a “sell” rating in a research note on Friday. Two 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. Southern First Bancshares has a consensus rating of “Hold” and a consensus target price of $38.67.

Southern First Bancshares (NASDAQ SFST) opened at 37.10 on Thursday. Southern First Bancshares has a 52 week low of $25.85 and a 52 week high of $38.55. The firm has a 50-day moving average price of $35.66 and a 200 day moving average price of $35.14. The company has a market cap of $271.35 million, a P/E ratio of 19.05 and a beta of 0.65.

In related news, Director Fred Gilmer, Jr. sold 1,200 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $36.69, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Michael D. Dowling sold 5,850 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $36.00, for a total value of $210,600.00. Following 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. In the last ninety days, insiders sold 16,927 shares of company stock valued at $611,937. Corporate insiders own 14.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in Southern First Bancshares by 7.9% during the first quarter. Bank of America Corp DE now owns 3,080 shares of the bank’s stock valued at $100,000 after buying an additional 226 shares during the last quarter. American International Group Inc. boosted its stake in Southern First Bancshares by 7.3% during the first quarter. American International Group Inc. now owns 3,534 shares of the bank’s stock valued at $115,000 after buying an additional 239 shares during the last quarter. Teachers Advisors LLC boosted its stake in Southern First Bancshares by 8.1% during the second quarter. Teachers Advisors LLC now owns 10,609 shares of the bank’s stock valued at $393,000 after buying an additional 799 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in Southern First Bancshares by 6.1% during the second quarter. TIAA CREF Investment Management LLC now owns 17,521 shares of the bank’s stock valued at $649,000 after buying an additional 1,010 shares during the last quarter. Finally, Martingale Asset Management L P boosted its stake in Southern First Bancshares by 11.2% during the first quarter. Martingale Asset Management L P now owns 10,902 shares of the bank’s stock valued at $356,000 after buying an additional 1,099 shares during the last quarter. 70.24% of the stock is owned by institutional investors.

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.

Earnings History and Estimates for Southern First Bancshares (NASDAQ:SFST)

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