Media coverage about Southern First Bancshares (NASDAQ:SFST) has trended somewhat positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Southern First Bancshares earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 45.4625541518314 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Southern First Bancshares from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Saturday, December 30th. ValuEngine lowered Southern First Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. FIG Partners reaffirmed an “outperform” rating and set a $42.00 target price (up from $40.00) on shares of Southern First Bancshares in a research report on Wednesday, October 4th. Finally, BidaskClub downgraded Southern First Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Southern First Bancshares currently has an average rating of “Buy” and an average price target of $40.50.
Shares of Southern First Bancshares (NASDAQ:SFST) traded up $0.10 during trading on Friday, reaching $43.00. The company had a trading volume of 8,067 shares, compared to its average volume of 15,483. Southern First Bancshares has a 1-year low of $31.40 and a 1-year high of $43.25. The company has a market capitalization of $313.99, a P/E ratio of 21.61 and a beta of 0.74. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.04 and a quick ratio of 1.03.
Southern First Bancshares (NASDAQ:SFST) last announced its quarterly earnings results on Thursday, October 26th. The bank reported $0.55 earnings per share (EPS) 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. sell-side analysts anticipate that Southern First Bancshares will post 2.03 EPS for the current fiscal year.
In related news, CFO Michael D. Dowling sold 4,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $42.29, for a total transaction of $169,160.00. Following the completion of the sale, the chief financial officer now owns 28,007 shares in the company, valued at $1,184,416.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President F Justin Strickland sold 1,250 shares of the company’s stock in a transaction 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 sale, the president now owns 62,889 shares of the company’s stock, valued at approximately $2,452,671. The disclosure for this sale can be found here. Corporate 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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