Southern First Bancshares, Inc. (NASDAQ:SFST) Receives $30.50 Average Price Target from Brokerages

Shares of Southern First Bancshares, Inc. (NASDAQ:SFST) have received an average rating of “Hold” from the six research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $30.50.

A number of research firms have recently commented on SFST. BidaskClub upgraded Southern First Bancshares from a “hold” rating to a “buy” rating in a report on Friday, December 11th. Zacks Investment Research downgraded Southern First Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, October 20th. TheStreet upgraded Southern First Bancshares from a “c+” rating to a “b-” rating in a report on Tuesday, November 17th. Finally, ValuEngine upgraded Southern First Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, November 17th.

Shares of Southern First Bancshares stock traded down $0.47 during trading on Friday, reaching $38.08. The company’s stock had a trading volume of 838 shares, compared to its average volume of 22,481. The business’s 50-day moving average price is $35.08 and its 200-day moving average price is $28.57. The firm has a market cap of $294.66 million, a PE ratio of 13.49 and a beta of 1.04. Southern First Bancshares has a 52 week low of $20.89 and a 52 week high of $43.00. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Southern First Bancshares (NASDAQ:SFST) last posted its quarterly earnings results on Tuesday, October 27th. The bank reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.29). Southern First Bancshares had a net margin of 18.93% and a return on equity of 10.65%. The company had revenue of $28.22 million during the quarter, compared to analyst estimates of $25.46 million. Equities analysts predict that Southern First Bancshares will post 2.08 earnings per share for the current year.

In related news, CEO R Arthur Seaver, Jr. sold 6,462 shares of the firm’s stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $30.04, for a total value of $194,118.48. Following the completion of the transaction, the chief executive officer now owns 83,353 shares of the company’s stock, valued at approximately $2,503,924.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leighton M. Cubbage sold 1,620 shares of the firm’s stock in a transaction that occurred on Thursday, December 17th. The stock was sold at an average price of $35.00, for a total transaction of $56,700.00. Following the completion of the transaction, the director now directly owns 69,581 shares of the company’s stock, valued at approximately $2,435,335. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,582 shares of company stock valued at $372,283. 8.48% of the stock is owned by insiders.

Several large investors have recently modified their holdings of SFST. Nisa Investment Advisors LLC acquired a new position in shares of Southern First Bancshares in the 3rd quarter valued at approximately $39,000. BNP Paribas Arbitrage SA boosted its position in shares of Southern First Bancshares by 410.7% in the third quarter. BNP Paribas Arbitrage SA now owns 1,675 shares of the bank’s stock valued at $40,000 after acquiring an additional 1,347 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Southern First Bancshares by 441.7% in the second quarter. Public Employees Retirement System of Ohio now owns 2,492 shares of the bank’s stock valued at $69,000 after acquiring an additional 2,032 shares during the period. Signaturefd LLC bought a new position in shares of Southern First Bancshares in the third quarter valued at approximately $88,000. Finally, JPMorgan Chase & Co. raised its stake in Southern First Bancshares by 6.2% in the third quarter. JPMorgan Chase & Co. now owns 6,837 shares of the bank’s stock valued at $164,000 after purchasing an additional 397 shares in the last quarter. 74.78% of the stock is owned by institutional investors.

Southern First Bancshares Company Profile

Southern First Bancshares, Inc operates as the bank holding company for Southern First Bank that provides various banking products and services to general public in South Carolina, North Carolina, and Georgia. It accepts various deposit products that include checking accounts, commercial checking accounts, savings accounts, and other time deposits, including daily money market accounts and long-term certificates of deposit.

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