Media coverage about Southern First Bancshares (NASDAQ:SFST) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Southern First Bancshares earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 48.4425584487311 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
SFST has been the subject of several research analyst reports. ValuEngine downgraded Southern First Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Zacks Investment Research downgraded Southern First Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, October 6th. FIG Partners reiterated 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, BidaskClub cut Southern First Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $38.67.
Southern First Bancshares (NASDAQ SFST) traded up $0.10 during mid-day trading on Monday, reaching $42.80. The company’s stock had a trading volume of 8,671 shares, compared to its average volume of 15,067. 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 cap of $312.52, a price-to-earnings ratio of 21.46 and a beta of 0.74. Southern First Bancshares has a 52 week low of $31.10 and a 52 week high of $43.20.
Southern First Bancshares (NASDAQ:SFST) last issued its earnings results on Thursday, October 26th. The bank reported $0.55 earnings per share for the quarter, topping the 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 for the quarter, compared to analyst estimates of $15.22 million. equities analysts anticipate that Southern First Bancshares will post 2.03 earnings per share for the current fiscal year.
In other Southern First Bancshares news, President F Justin Strickland sold 1,250 shares of Southern First Bancshares stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $39.00, for a total value of $48,750.00. Following the transaction, the president now directly owns 62,889 shares in the company, valued at approximately $2,452,671. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael D. Dowling sold 4,000 shares of Southern First Bancshares stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $42.29, for a total value of $169,160.00. Following the completion of the transaction, the chief financial officer now owns 28,007 shares in the company, valued at $1,184,416.03. The disclosure for this sale can be found here. Insiders own 12.85% 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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