Equities Analysts Set Expectations for Southern First Bancshares, Inc.’s Q2 2019 Earnings (SFST)

Southern First Bancshares, Inc. (NASDAQ:SFST) – FIG Partners upped their Q2 2019 earnings per share (EPS) estimates for shares of Southern First Bancshares in a research note issued to investors on Thursday, May 16th. FIG Partners analyst C. Marinac now forecasts that the bank will earn $0.76 per share for the quarter, up from their prior forecast of $0.74. FIG Partners currently has a “Outperform” rating on the stock. FIG Partners also issued estimates for Southern First Bancshares’ Q4 2019 earnings at $0.77 EPS, FY2019 earnings at $3.10 EPS, Q2 2020 earnings at $0.81 EPS and FY2020 earnings at $3.26 EPS.

Several other equities research analysts also recently weighed in on the company. BidaskClub raised Southern First Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, April 11th. Zacks Investment Research downgraded Southern First Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $40.00.

Shares of NASDAQ SFST opened at $36.28 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.05 and a quick ratio of 1.04. Southern First Bancshares has a 1-year low of $27.33 and a 1-year high of $48.75. The firm has a market cap of $272.32 million, a P/E ratio of 12.60 and a beta of 0.90.

In other Southern First Bancshares news, Director Rudolph G. Johnstone III sold 3,328 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $37.00, for a total value of $123,136.00. Following the completion of the transaction, the director now owns 40,709 shares in the company, valued at $1,506,233. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO R Arthur Seaver, Jr. sold 5,911 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $36.03, for a total value of $212,973.33. The disclosure for this sale can be found here. Insiders sold 10,559 shares of company stock valued at $381,689 in the last quarter. 10.51% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in SFST. Banc Funds Co. LLC raised its position in Southern First Bancshares by 24.8% in the first quarter. Banc Funds Co. LLC now owns 562,754 shares of the bank’s stock worth $19,060,000 after acquiring an additional 111,710 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Southern First Bancshares by 10.6% in the third quarter. Dimensional Fund Advisors LP now owns 249,273 shares of the bank’s stock worth $9,796,000 after acquiring an additional 23,889 shares in the last quarter. Basswood Capital Management L.L.C. raised its position in Southern First Bancshares by 85.1% in the fourth quarter. Basswood Capital Management L.L.C. now owns 42,579 shares of the bank’s stock worth $1,366,000 after acquiring an additional 19,579 shares in the last quarter. BlackRock Inc. raised its position in Southern First Bancshares by 4.2% in the fourth quarter. BlackRock Inc. now owns 364,765 shares of the bank’s stock worth $11,698,000 after acquiring an additional 14,870 shares in the last quarter. Finally, EJF Capital LLC raised its position in Southern First Bancshares by 10.8% in the first quarter. EJF Capital LLC now owns 122,170 shares of the bank’s stock worth $4,138,000 after acquiring an additional 11,867 shares in the last quarter. Hedge funds and other institutional investors own 70.27% of the company’s stock.

About Southern First Bancshares

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 accepts various deposit products that include checking accounts, commercial checking accounts, savings accounts, and other time deposits, including daily money market accounts and long-term certificates of deposit.

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Earnings History and Estimates for Southern First Bancshares (NASDAQ:SFST)

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