Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Southern First Bancshares (SFST) Share Price
Press coverage about Southern First Bancshares (NASDAQ:SFST) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Southern First Bancshares earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 45.4625541518314 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Southern First Bancshares (SFST) traded up $0.10 during trading hours on Friday, reaching $43.00. The company’s stock had a trading volume of 8,067 shares, compared to its average volume of 15,483. The company has a market cap of $313.99, a P/E ratio of 21.61 and a beta of 0.74. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.04 and a quick ratio of 1.03. Southern First Bancshares has a 52-week low of $31.40 and a 52-week high of $43.25.
Southern First Bancshares (NASDAQ:SFST) last posted its quarterly earnings results on Thursday, October 26th. The bank reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. The company had revenue of $15.85 million during the quarter, compared to the consensus estimate of $15.22 million. Southern First Bancshares had a return on equity of 11.10% and a net margin of 21.10%. sell-side analysts forecast that Southern First Bancshares will post 2.03 EPS for the current year.
A number of research analysts have issued reports on SFST shares. BidaskClub downgraded Southern First Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Zacks Investment Research upgraded Southern First Bancshares from a “sell” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Wednesday, December 6th. FIG Partners restated an “outperform” rating and issued a $42.00 price objective (up previously from $40.00) on shares of Southern First Bancshares in a research note on Wednesday, October 4th. Finally, ValuEngine downgraded Southern First Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $40.50.
In other news, President F Justin Strickland sold 1,250 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $39.00, for a total transaction of $48,750.00. Following the completion of the transaction, the president now owns 62,889 shares in the company, valued at approximately $2,452,671. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael D. Dowling sold 4,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $42.29, for a total value of $169,160.00. Following the transaction, the chief financial officer now owns 28,007 shares of the company’s stock, valued at approximately $1,184,416.03. The disclosure for this sale can be found here. 12.85% of the stock is currently owned by corporate insiders.
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Southern First Bancshares Company Profile
Southern First Bancshares, Inc is a bank holding company that owns the capital stock of Southern First Bank (the Bank), 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 approximately nine retail offices located in Greenville, Columbia and Charleston, South Carolina.
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