Southern First Bancshares - SFST Stock Forecast, Price & News

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 operates through three segments: Commercial and Retail Banking, Mortgage Banking, and Corporate Operations. The company accepts various deposit products that include checking accounts, commercial checking accounts, and savings accounts, as well as other time deposits, including daily money market accounts and long-term certificates of deposit. Its loan portfolio comprises commercial real estate loans; construction real estate loans; commercial business loans for various lines of businesses, such as the manufacturing, service industry, and professional service areas; consumer real estate and home equity loans; and other consumer loans, including secured and unsecured installment loans and revolving lines of credit. In addition, the company provides other bank services, such as internet banking, cash management, safe deposit boxes, direct deposit, automatic drafts, bill payment, and mobile banking services. It operates through eight retail offices located in Greenville, Charleston, and Columbia; three retail offices located in Raleigh, Greensboro, and Charlotte markets; and one retail office located in Atlanta. The company was incorporated in 1999 and is headquartered in Greenville, South Carolina.

Southern First Bancshares Price Performance

Shares of SFST Stock traded up $0.87 on Friday, reaching $46.72. The company had a trading volume of 23,534 shares, compared to its average volume of 25,857. The stock has a market capitalization of $373.29 million, a PE ratio of 9.13 and a beta of 0.88. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.30. Southern First Bancshares has a one year low of $41.83 and a one year high of $65.59. The business's 50-day moving average is $44.43 and its 200 day moving average is $48.56.

Southern First Bancshares (NASDAQ:SFST - Get Rating) last posted its earnings results on Tuesday, July 26th. The bank reported $0.90 EPS for the quarter, missing analysts' consensus estimates of $1.08 by ($0.18). The company had revenue of $27.15 million during the quarter. Southern First Bancshares had a return on equity of 14.93% and a net margin of 36.78%. Equities research analysts forecast that Southern First Bancshares will post 3.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, DA Davidson downgraded shares of Southern First Bancshares to an "outperform" rating in a research note on Tuesday, August 9th.

Insider Transactions at Southern First Bancshares

In related news, Director Terry Grayson-Caprio bought 1,000 shares of the company's stock in a transaction dated Monday, August 1st. The stock was purchased at an average price of $43.74 per share, with a total value of $43,740.00. Following the completion of the acquisition, the director now owns 2,240 shares of the company's stock, valued at $97,977.60. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 7.34% of the company's stock.