Headlines about Southern First Bancshares (NASDAQ:SFST) have trended somewhat positive on Thursday, according to Accern. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. 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 media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 45.7421506604737 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Southern First Bancshares (NASDAQ:SFST) traded down $0.10 during midday trading on Thursday, hitting $42.70. 18,400 shares of the company’s stock were exchanged, compared to its average volume of 12,264. Southern First Bancshares has a fifty-two week low of $31.40 and a fifty-two week high of $43.25. The company has a market capitalization of $313.26, a P/E ratio of 21.46 and a beta of 0.74. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.36.
Southern First Bancshares (NASDAQ:SFST) last announced its quarterly earnings results on Thursday, October 26th. The bank reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.02. The company had revenue of $15.85 million during the quarter, compared to the consensus estimate of $15.22 million. Southern First Bancshares had a net margin of 21.10% and a return on equity of 11.10%. research analysts forecast that Southern First Bancshares will post 2.03 earnings per share for the current year.
A number of equities analysts have weighed in on SFST shares. Zacks Investment Research raised shares of Southern First Bancshares from a “sell” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Wednesday, December 6th. BidaskClub downgraded shares of Southern First Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. ValuEngine downgraded shares of Southern First Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, FIG Partners reaffirmed an “outperform” rating and set a $42.00 target price (up previously from $40.00) on shares of Southern First Bancshares in a research note on Wednesday, October 4th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Southern First Bancshares presently has a consensus rating of “Buy” and an average target price of $40.50.
In related news, President F Justin Strickland sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $39.00, for a total transaction of $48,750.00. Following the completion of the sale, the president now owns 62,889 shares of the company’s stock, valued at $2,452,671. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael D. Dowling sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $42.29, for a total transaction of $169,160.00. Following the sale, the chief financial officer now directly owns 28,007 shares of the company’s stock, valued at approximately $1,184,416.03. The disclosure for this sale can be found here. 12.85% of the stock is owned by company insiders.
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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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