Southern First Bancshares (NASDAQ:SFST) Upgraded to “Hold” by StockNews.com

StockNews.com upgraded shares of Southern First Bancshares (NASDAQ:SFSTFree Report) from a sell rating to a hold rating in a report issued on Tuesday morning.

Southern First Bancshares Stock Performance

Shares of NASDAQ SFST opened at $27.50 on Tuesday. The business has a fifty day simple moving average of $28.99 and a 200 day simple moving average of $31.83. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $224.29 million, a price-to-earnings ratio of 16.77 and a beta of 0.82. Southern First Bancshares has a one year low of $21.86 and a one year high of $39.36.

Southern First Bancshares (NASDAQ:SFSTGet Free Report) last issued its earnings results on Thursday, April 18th. The bank reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.07). The firm had revenue of $21.31 million during the quarter, compared to analyst estimates of $22.38 million. Southern First Bancshares had a net margin of 6.69% and a return on equity of 4.30%. Sell-side analysts expect that Southern First Bancshares will post 1.75 EPS for the current year.

Insider Buying and Selling at Southern First Bancshares

In other Southern First Bancshares news, CEO R Arthur Seaver, Jr. sold 996 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $31.25, for a total value of $31,125.00. Following the sale, the chief executive officer now directly owns 83,470 shares in the company, valued at $2,608,437.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Southern First Bancshares news, CEO R Arthur Seaver, Jr. sold 2,500 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $31.13, for a total value of $77,825.00. Following the sale, the chief executive officer now directly owns 90,970 shares in the company, valued at $2,831,896.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO R Arthur Seaver, Jr. sold 996 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $31.25, for a total value of $31,125.00. Following the completion of the sale, the chief executive officer now owns 83,470 shares in the company, valued at $2,608,437.50. The disclosure for this sale can be found here. Insiders have sold 4,893 shares of company stock worth $147,727 over the last three months. Company insiders own 7.62% of the company’s stock.

Institutional Trading of Southern First Bancshares

Several large investors have recently made changes to their positions in the business. Barclays PLC grew its holdings in shares of Southern First Bancshares by 2.7% during the third quarter. Barclays PLC now owns 19,140 shares of the bank’s stock worth $516,000 after purchasing an additional 496 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Southern First Bancshares by 7.3% during the first quarter. Empowered Funds LLC now owns 12,860 shares of the bank’s stock worth $408,000 after purchasing an additional 875 shares during the last quarter. Strs Ohio boosted its holdings in Southern First Bancshares by 4.9% in the third quarter. Strs Ohio now owns 19,100 shares of the bank’s stock valued at $514,000 after acquiring an additional 900 shares during the last quarter. SeaCrest Wealth Management LLC boosted its holdings in Southern First Bancshares by 1.3% in the first quarter. SeaCrest Wealth Management LLC now owns 139,310 shares of the bank’s stock valued at $4,424,000 after acquiring an additional 1,730 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Southern First Bancshares by 93.5% in the first quarter. BNP Paribas Financial Markets now owns 3,921 shares of the bank’s stock valued at $125,000 after acquiring an additional 1,895 shares during the last quarter. Institutional investors own 75.00% of the company’s stock.

Southern First Bancshares Company Profile

(Get Free Report)

Southern First Bancshares, Inc operates as the bank holding company for Southern First Bank that provides commercial, consumer, and mortgage loans to the general public in South Carolina, North Carolina, and Georgia. 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.

Further Reading

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