Key Points
- Director Ray Lattimore sold 253 SFST shares at an average price of $59.28, generating approximately $14,998 and reducing his position by 18.33% to 1,127 shares.
- Southern First Bancshares reported quarterly EPS of $1.20, slightly exceeding the $1.19 consensus estimate, while revenue reached $20.40 million.
- Institutional investors own approximately 75% of SFST, and analysts maintain an overall “Buy” rating with an average price target of $64.00.
Southern First Bancshares, Inc. (NASDAQ:SFST - Get Free Report) Director Ray Lattimore sold 253 shares of Southern First Bancshares stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $59.28, for a total value of $14,997.84. Following the transaction, the director owned 1,127 shares of the company's stock, valued at $66,808.56. The trade was a 18.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Southern First Bancshares Trading Down 1.8%
NASDAQ SFST opened at $61.36 on Thursday. Southern First Bancshares, Inc. has a 12 month low of $38.30 and a 12 month high of $64.06. The stock has a market cap of $580.47 million, a P/E ratio of 13.14 and a beta of 0.67. The stock's fifty day moving average price is $59.94 and its 200-day moving average price is $57.34. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.70.
Southern First Bancshares (NASDAQ:SFST - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The bank reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.01. The firm had revenue of $20.40 million during the quarter, compared to analyst estimates of $36.30 million. Southern First Bancshares had a return on equity of 10.76% and a net margin of 16.78%. As a group, equities analysts forecast that Southern First Bancshares, Inc. will post 5.45 EPS for the current fiscal year.
Institutional Trading of Southern First Bancshares
Large investors have recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. increased its position in Southern First Bancshares by 40.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 666 shares of the bank's stock worth $34,000 after buying an additional 191 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Southern First Bancshares during the 3rd quarter valued at about $38,000. BNP Paribas Financial Markets grew its holdings in Southern First Bancshares by 28.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,380 shares of the bank's stock valued at $52,000 after buying an additional 308 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Southern First Bancshares by 154.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,633 shares of the bank's stock worth $62,000 after purchasing an additional 990 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Southern First Bancshares in the second quarter worth about $75,000. 75.00% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
SFST has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of Southern First Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, May 4th. Wall Street Zen lowered shares of Southern First Bancshares from a "buy" rating to a "hold" rating in a report on Wednesday, April 29th. Finally, Zacks Research raised Southern First Bancshares from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat.com, Southern First Bancshares currently has an average rating of "Buy" and an average target price of $64.00.
View Our Latest Analysis on SFST
About Southern First Bancshares
(
Get Free Report)
Southern First Bancshares is the bank holding company for Southern First Bank, a community-oriented financial institution headquartered in Greenville, South Carolina. Through its wholly owned subsidiary, the company delivers a full spectrum of commercial and consumer banking services designed to meet the needs of small and midsize businesses, professionals, and individual customers. Southern First Bancshares operates under a relationship-driven model, emphasizing personalized service and local decision–making.
The company's core offerings include deposit products such as checking, savings, money market accounts and certificates of deposit, alongside an array of lending solutions covering commercial real estate, construction, equipment financing and small business administration (SBA) loans.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
