BidaskClub cut shares of Southern First Bancshares (NASDAQ:SFST) from a buy rating to a hold rating in a research note published on Tuesday.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Southern First Bancshares from a sell rating to a buy rating and set a $48.00 price objective on the stock in a research note on Wednesday, December 6th. ValuEngine cut shares of Southern First Bancshares from a buy rating to a hold rating in a research note on Tuesday, November 14th. Finally, FIG Partners reissued an outperform rating and issued a $42.00 price objective (up from $40.00) on shares of Southern First Bancshares in a research note on Wednesday, October 4th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Southern First Bancshares presently has a consensus rating of Buy and an average target price of $41.00.

Southern First Bancshares (NASDAQ:SFST) opened at $40.85 on Tuesday. The stock has a market cap of $304.47, a P/E ratio of 20.91 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 one year low of $31.40 and a one year high of $43.20.

Southern First Bancshares (NASDAQ:SFST) last announced its quarterly earnings data on Thursday, October 26th. The bank reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The business had revenue of $15.85 million for the quarter, compared to analysts’ expectations of $15.22 million. Southern First Bancshares had a net margin of 21.10% and a return on equity of 11.10%. equities analysts anticipate that Southern First Bancshares will post 2.03 EPS for the current fiscal year.

In other Southern First Bancshares news, President F Justin Strickland sold 1,250 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $39.00, for a total transaction of $48,750.00. Following the sale, the president now owns 62,889 shares of the company’s stock, valued at $2,452,671. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael D. Dowling sold 4,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $42.29, for a total transaction of $169,160.00. Following the sale, the chief financial officer now directly owns 28,007 shares in the company, valued at approximately $1,184,416.03. The disclosure for this sale can be found here. Insiders own 12.85% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Castine Capital Management LLC grew its stake in shares of Southern First Bancshares by 9.7% during the third quarter. Castine Capital Management LLC now owns 185,329 shares of the bank’s stock worth $6,737,000 after buying an additional 16,377 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Southern First Bancshares by 2.1% during the third quarter. Dimensional Fund Advisors LP now owns 162,702 shares of the bank’s stock worth $5,914,000 after buying an additional 3,382 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Southern First Bancshares during the third quarter worth $189,000. Bank of New York Mellon Corp grew its stake in shares of Southern First Bancshares by 12.1% during the third quarter. Bank of New York Mellon Corp now owns 24,888 shares of the bank’s stock worth $905,000 after buying an additional 2,685 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Southern First Bancshares by 18.1% during the second quarter. The Manufacturers Life Insurance Company now owns 468,270 shares of the bank’s stock worth $17,349,000 after buying an additional 71,848 shares during the last quarter. 70.12% of the stock is currently owned by hedge funds and other institutional investors.

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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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