Southern First Bancshares, Inc. (SFST) Releases Earnings Results, Beats Expectations By $0.02 EPS
Southern First Bancshares, Inc. (NASDAQ:SFST) announced its quarterly earnings data on Tuesday. The bank reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02, Yahoo Finance reports. Southern First Bancshares had a return on equity of 11.39% and a net margin of 20.68%. The company had revenue of $15.85 million during the quarter, compared to the consensus estimate of $15.22 million.
Southern First Bancshares (NASDAQ:SFST) traded down 0.79% during mid-day trading on Wednesday, hitting $37.45. The stock had a trading volume of 613 shares. The company has a market cap of $273.91 million, a P/E ratio of 19.22 and a beta of 0.65. Southern First Bancshares has a 1-year low of $25.85 and a 1-year high of $38.55. The company has a 50-day moving average price of $36.26 and a 200 day moving average price of $35.60.
A number of equities research analysts have recently commented on the company. BidaskClub downgraded Southern First Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Zacks Investment Research downgraded Southern First Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Finally, FIG Partners reiterated an “outperform” rating and set a $42.00 price objective (up previously from $40.00) on shares of Southern First Bancshares in a research report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $38.67.
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In other Southern First Bancshares news, CFO Michael D. Dowling sold 5,850 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $36.00, for a total value of $210,600.00. Following the completion of the sale, the chief financial officer now owns 36,107 shares of the company’s stock, valued at approximately $1,299,852. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael D. Dowling sold 750 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $36.00, for a total transaction of $27,000.00. Following the completion of the sale, the chief financial officer now directly owns 30,507 shares of the company’s stock, valued at approximately $1,098,252. The disclosure for this sale can be found here. Insiders sold a total of 16,927 shares of company stock valued at $611,937 in the last three months. Insiders own 12.85% of the company’s stock.
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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