Southern First Bancshares (NASDAQ:SFST) Releases Earnings Results, Beats Expectations By $0.09 EPS

Southern First Bancshares (NASDAQ:SFST) issued its quarterly earnings data on Tuesday. The bank reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09, Fidelity Earnings reports. Southern First Bancshares had a net margin of 25.48% and a return on equity of 14.23%.

Southern First Bancshares stock traded up $0.31 during mid-day trading on Friday, hitting $42.79. The stock had a trading volume of 10,494 shares, compared to its average volume of 17,236. The firm has a market capitalization of $318.83 million, a P/E ratio of 14.80 and a beta of 0.98. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 0.31. The firm’s 50 day moving average is $40.10 and its 200 day moving average is $38.24. Southern First Bancshares has a one year low of $27.33 and a one year high of $42.90.

SFST has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Southern First Bancshares from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 9th. BidaskClub raised shares of Southern First Bancshares from a “hold” rating to a “buy” rating in a report on Friday, September 13th.

In related news, CEO R Arthur Seaver, Jr. sold 10,700 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $38.00, for a total value of $406,600.00. Following the completion of the transaction, the chief executive officer now owns 65,891 shares of the company’s stock, valued at approximately $2,503,858. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO R Arthur Seaver, Jr. sold 2,198 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $40.50, for a total transaction of $89,019.00. Following the completion of the transaction, the chief executive officer now directly owns 82,262 shares of the company’s stock, valued at approximately $3,331,611. The disclosure for this sale can be found here. Insiders sold a total of 29,563 shares of company stock valued at $1,217,588 in the last ninety days. 10.51% of the stock is currently owned by insiders.

Southern First Bancshares Company Profile

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 for Southern First Bancshares (NASDAQ:SFST)

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