Shares of Southern First Bancshares, Inc. (NASDAQ:SFST) have been assigned a consensus broker rating score of 1.50 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a buy rating and one has issued a strong buy rating on the company. Southern First Bancshares’ rating score has declined by 12.8% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 1-year consensus target price of $24.13 for the company and are expecting that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also given Southern First Bancshares an industry rank of 45 out of 265 based on the ratings given to its competitors.
In other Southern First Bancshares news, President F Justin Strickland sold 29,948 shares of Southern First Bancshares stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $22.03, for a total transaction of $659,754.44. Following the completion of the transaction, the president now owns 50,128 shares in the company, valued at $1,104,319.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael D. Dowling sold 1,400 shares of Southern First Bancshares stock in a transaction dated Monday, December 21st. The stock was sold at an average price of $22.00, for a total transaction of $30,800.00. Following the transaction, the chief financial officer now owns 18,914 shares of the company’s stock, valued at approximately $416,108. The disclosure for this sale can be found here.
Shares of Southern First Bancshares (NASDAQ:SFST) opened at 22.70 on Monday. Southern First Bancshares has a 12-month low of $15.78 and a 12-month high of $22.98. The firm has a 50-day moving average of $21.82 and a 200-day moving average of $20.48. The firm has a market cap of $141.72 million and a P/E ratio of 15.87.
Southern First Bancshares (NASDAQ:SFST) last issued its earnings results on Tuesday, October 27th. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.03. On average, equities analysts forecast that Southern First Bancshares will post $1.53 earnings per share for the current fiscal year.
Several analysts have recently weighed in on SFST shares. TheStreet raised shares of Southern First Bancshares from a “hold” rating to a “buy” rating in a report on Monday, November 9th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $20.00 target price (up previously from $17.00) on shares of Southern First Bancshares in a report on Friday, December 4th.
Southern First Bancshares, Inc. is a bank holding company that owns the capital stock of Southern First Bank (NASDAQ:SFST), 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 nine retail offices located in Greenville, Columbia and Charleston, South Carolina. The Bank is primarily engaged in the business of accepting demand deposits and savings deposits insured by the Federal Deposit Insurance Corporation (the FDIC) and providing commercial, consumer and mortgage loans to the general public. The Trusts primarily issues trust preferred securities. In addition to deposit and loan services, the Company offers other bank services, such as Internet banking, cash management services, safe deposit boxes, direct deposit and automatic drafts for various accounts. The Company also offers Internet banking services, bill payment services, and cash management and mobile banking services.
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