Southern First Bancshares (SFST) Upgraded to “Buy” by BidaskClub
Southern First Bancshares (NASDAQ:SFST) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Saturday.
A number of other brokerages have also recently issued reports on SFST. ValuEngine upgraded shares of Southern First Bancshares from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. Zacks Investment Research upgraded shares of Southern First Bancshares from a “sell” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Wednesday, December 6th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $40.50.
Southern First Bancshares (SFST) opened at $43.70 on Friday. The stock has a market cap of $319.84, a PE ratio of 22.07 and a beta of 0.66. Southern First Bancshares has a twelve month low of $31.40 and a twelve month high of $44.65. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.36.
Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in Southern First Bancshares during the third quarter worth about $189,000. Greenwood Capital Associates LLC purchased a new position in Southern First Bancshares during the fourth quarter worth about $226,000. OxFORD Asset Management LLP purchased a new position in Southern First Bancshares during the second quarter worth about $312,000. New York State Common Retirement Fund boosted its holdings in Southern First Bancshares by 169.1% during the second quarter. New York State Common Retirement Fund now owns 8,592 shares of the bank’s stock worth $318,000 after purchasing an additional 5,399 shares during the last quarter. Finally, Teachers Advisors LLC boosted its holdings in Southern First Bancshares by 8.1% during the second quarter. Teachers Advisors LLC now owns 10,609 shares of the bank’s stock worth $393,000 after purchasing an additional 799 shares during the last quarter. Institutional investors and hedge funds own 69.79% of the company’s stock.
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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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