Southern First Bancshares (NASDAQ:SFST) Sets New 1-Year High at $65.59

Southern First Bancshares, Inc. (NASDAQ:SFST) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $65.59 and last traded at $64.73, with a volume of 25794 shares changing hands. The stock had previously closed at $64.62.

Separately, Zacks Investment Research upgraded Southern First Bancshares from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Thursday, October 7th.

The firm has a market capitalization of $509.36 million, a PE ratio of 11.81 and a beta of 0.97. The company has a fifty day simple moving average of $56.00 and a two-hundred day simple moving average of $52.97. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.02 and a current ratio of 1.03.

Southern First Bancshares (NASDAQ:SFST) last issued its earnings results on Monday, October 25th. The bank reported $1.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.59. Southern First Bancshares had a return on equity of 17.58% and a net margin of 38.33%. On average, equities analysts anticipate that Southern First Bancshares, Inc. will post 5.54 earnings per share for the current fiscal year.

In other Southern First Bancshares news, Director Rudolph G. Johnstone III sold 2,000 shares of the company’s stock in a transaction on Tuesday, September 14th. The stock was sold at an average price of $50.25, for a total value of $100,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 4,028 shares of company stock valued at $216,862 over the last quarter. Company insiders own 7.42% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FJ Capital Management LLC raised its position in shares of Southern First Bancshares by 24.7% in the 3rd quarter. FJ Capital Management LLC now owns 575,000 shares of the bank’s stock worth $30,738,000 after acquiring an additional 114,000 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Southern First Bancshares by 2.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 399,960 shares of the bank’s stock worth $20,462,000 after acquiring an additional 10,272 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Southern First Bancshares by 10.9% in the 2nd quarter. Vanguard Group Inc. now owns 386,027 shares of the bank’s stock worth $19,750,000 after acquiring an additional 37,886 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Southern First Bancshares by 3.1% in the 1st quarter. Ameriprise Financial Inc. now owns 241,340 shares of the bank’s stock worth $11,315,000 after acquiring an additional 7,199 shares in the last quarter. Finally, EJF Capital LLC raised its position in shares of Southern First Bancshares by 7.2% in the 2nd quarter. EJF Capital LLC now owns 146,557 shares of the bank’s stock worth $7,498,000 after acquiring an additional 9,905 shares in the last quarter. 78.59% of the stock is owned by hedge funds and other institutional investors.

About Southern First Bancshares (NASDAQ:SFST)

Southern First Bancshares, Inc is a bank holding company, which engages in the provision of banking products and services for small-to medium-sized businesses, professionals, and other individuals. It operates through the following segments: Commercial and Retail Banking, Mortgage Banking, and Corporate.

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Southern First Bancshares (NASDAQ:SFST) Sets New 1-Year High at $65.59

Southern First Bancshares, Inc. (NASDAQ:SFST) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $65.59 and last traded at $64.73, with a volume of 25794 shares changing hands. The stock had previously closed at $64.62.

Separately, Zacks Investment Research upgraded Southern First Bancshares from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Thursday, October 7th.

The firm has a market capitalization of $509.36 million, a PE ratio of 11.81 and a beta of 0.97. The company has a fifty day simple moving average of $56.00 and a two-hundred day simple moving average of $52.97. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.02 and a current ratio of 1.03.

Southern First Bancshares (NASDAQ:SFST) last issued its earnings results on Monday, October 25th. The bank reported $1.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.59. Southern First Bancshares had a return on equity of 17.58% and a net margin of 38.33%. On average, equities analysts anticipate that Southern First Bancshares, Inc. will post 5.54 earnings per share for the current fiscal year.

In other Southern First Bancshares news, Director Rudolph G. Johnstone III sold 2,000 shares of the company’s stock in a transaction on Tuesday, September 14th. The stock was sold at an average price of $50.25, for a total value of $100,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 4,028 shares of company stock valued at $216,862 over the last quarter. Company insiders own 7.42% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FJ Capital Management LLC raised its position in shares of Southern First Bancshares by 24.7% in the 3rd quarter. FJ Capital Management LLC now owns 575,000 shares of the bank’s stock worth $30,738,000 after acquiring an additional 114,000 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Southern First Bancshares by 2.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 399,960 shares of the bank’s stock worth $20,462,000 after acquiring an additional 10,272 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Southern First Bancshares by 10.9% in the 2nd quarter. Vanguard Group Inc. now owns 386,027 shares of the bank’s stock worth $19,750,000 after acquiring an additional 37,886 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Southern First Bancshares by 3.1% in the 1st quarter. Ameriprise Financial Inc. now owns 241,340 shares of the bank’s stock worth $11,315,000 after acquiring an additional 7,199 shares in the last quarter. Finally, EJF Capital LLC raised its position in shares of Southern First Bancshares by 7.2% in the 2nd quarter. EJF Capital LLC now owns 146,557 shares of the bank’s stock worth $7,498,000 after acquiring an additional 9,905 shares in the last quarter. 78.59% of the stock is owned by hedge funds and other institutional investors.

About Southern First Bancshares (NASDAQ:SFST)

Southern First Bancshares, Inc is a bank holding company, which engages in the provision of banking products and services for small-to medium-sized businesses, professionals, and other individuals. It operates through the following segments: Commercial and Retail Banking, Mortgage Banking, and Corporate.

Featured Article: SEC Filing

Receive News & Ratings for Southern First Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern First Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.