Southern First Bancshares, Inc. (NASDAQ:SFST) – Investment analysts at FIG Partners cut their Q1 2018 earnings per share estimates for Southern First Bancshares in a research note issued on Wednesday, Zacks Investment Research reports. FIG Partners analyst C. Marinac now anticipates that the bank will post earnings per share of $0.55 for the quarter, down from their previous estimate of $0.56. FIG Partners has a “Outperform” rating and a $42.00 price target on the stock.
Several other research analysts also recently weighed in on SFST. BidaskClub downgraded Southern First Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research downgraded Southern First Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $38.67.
COPYRIGHT VIOLATION WARNING: This story was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.dispatchtribunal.com/2017/11/12/brokers-offer-predictions-for-southern-first-bancshares-inc-s-q1-2018-earnings-sfst.html.
Southern First Bancshares (SFST) opened at $39.15 on Friday. Southern First Bancshares has a 52 week low of $29.25 and a 52 week high of $41.10. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $286.91, a P/E ratio of 19.70 and a beta of 0.72.
Southern First Bancshares (NASDAQ:SFST) last posted its quarterly earnings results on Thursday, October 26th. The bank reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $15.85 million during the quarter, compared to the consensus estimate of $15.22 million.
In related news, CFO Michael D. Dowling sold 750 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $36.00, for a total transaction of $27,000.00. Following the sale, the chief financial officer now owns 30,507 shares in the company, valued at approximately $1,098,252. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President F Justin Strickland sold 1,250 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $39.00, for a total value of $48,750.00. Following the sale, the president now owns 62,889 shares in the company, valued at approximately $2,452,671. The disclosure for this sale can be found here. Insiders have sold a total of 12,450 shares of company stock valued at $451,950 over the last quarter. Corporate insiders own 12.85% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Banc Funds Co. LLC raised its holdings in Southern First Bancshares by 13.7% during the 2nd quarter. Banc Funds Co. LLC now owns 622,521 shares of the bank’s stock valued at $23,064,000 after buying an additional 75,000 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Southern First Bancshares by 18.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 468,270 shares of the bank’s stock valued at $17,349,000 after buying an additional 71,848 shares during the period. Wellington Management Group LLP raised its holdings in Southern First Bancshares by 8.1% during the 1st quarter. Wellington Management Group LLP now owns 415,019 shares of the bank’s stock valued at $13,550,000 after buying an additional 31,186 shares during the period. Vanguard Group Inc. raised its holdings in Southern First Bancshares by 6.1% during the 2nd quarter. Vanguard Group Inc. now owns 199,557 shares of the bank’s stock valued at $7,393,000 after buying an additional 11,495 shares during the period. Finally, River Oaks Capital LLC raised its holdings in Southern First Bancshares by 10.9% during the 2nd quarter. River Oaks Capital LLC now owns 198,400 shares of the bank’s stock valued at $7,351,000 after buying an additional 19,452 shares during the period. Institutional investors own 70.22% of the company’s stock.
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.
Get a free copy of the Zacks research report on Southern First Bancshares (SFST)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Southern First Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern First Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.