Media stories about Southern First Bancshares (NASDAQ:SFST) have trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Southern First Bancshares earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave headlines about the bank an impact score of 45.9995231392999 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Southern First Bancshares (SFST) opened at $42.95 on Wednesday. Southern First Bancshares has a 12-month low of $31.40 and a 12-month high of $44.65. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.04 and a quick ratio of 1.03. The stock has a market capitalization of $317.07, a P/E ratio of 21.68 and a beta of 0.67.
A number of brokerages have recently commented on SFST. BidaskClub raised Southern First Bancshares from a “hold” rating to a “buy” rating in a research note on Saturday. ValuEngine upgraded Southern First Bancshares from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd. Finally, Zacks Investment Research upgraded Southern First Bancshares from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Saturday, December 30th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $40.50.
In other news, CFO Michael D. Dowling sold 4,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $42.29, for a total value of $169,160.00. Following the completion of the sale, the chief financial officer now owns 28,007 shares of the company’s stock, valued at approximately $1,184,416.03. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President F Justin Strickland sold 3,893 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $43.50, for a total value of $169,345.50. Following the completion of the sale, the president now directly owns 67,889 shares of the company’s stock, valued at approximately $2,953,171.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,657 shares of company stock valued at $416,122. 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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