Key Points
- Director Leighton Cubbage sold 350 Southern First Bancshares shares at an average price of $63.05, generating $22,067.50. His direct holdings declined 0.71% to 49,165 shares.
- Southern First Bancshares reported quarterly EPS of $1.20, slightly exceeding the $1.19 consensus estimate, while revenue totaled $20.40 million. Analysts project full-year EPS of approximately $5.40.
- The stock opened at $62.19 and has a consensus “Moderate Buy” rating with a $64 average price target. Institutional investors own approximately 75% of the company.
Southern First Bancshares, Inc. (NASDAQ:SFST - Get Free Report) Director Leighton Cubbage sold 350 shares of Southern First Bancshares stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $63.05, for a total transaction of $22,067.50. Following the transaction, the director directly owned 49,165 shares of the company's stock, valued at $3,099,853.25. The trade was a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Southern First Bancshares Price Performance
Southern First Bancshares stock opened at $62.19 on Friday. Southern First Bancshares, Inc. has a 12-month low of $40.90 and a 12-month high of $65.09. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $61.94 and a 200-day moving average price of $58.49. The firm has a market capitalization of $588.32 million, a PE ratio of 13.32 and a beta of 0.68.
Southern First Bancshares (NASDAQ:SFST - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The bank reported $1.20 EPS for the quarter, beating the consensus estimate of $1.19 by $0.01. Southern First Bancshares had a net margin of 16.78% and a return on equity of 10.18%. The company had revenue of $20.40 million for the quarter, compared to the consensus estimate of $36.30 million. As a group, equities research analysts forecast that Southern First Bancshares, Inc. will post 5.4 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Southern First Bancshares during the 2nd quarter worth $50,736,000. Vanguard Group Inc. grew its position in shares of Southern First Bancshares by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 431,814 shares of the bank's stock worth $19,052,000 after buying an additional 10,741 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Southern First Bancshares by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 380,368 shares of the bank's stock valued at $20,730,000 after buying an additional 2,657 shares during the period. Walleye Capital LLC purchased a new position in shares of Southern First Bancshares during the second quarter valued at $10,998,000. Finally, State Street Corp raised its holdings in shares of Southern First Bancshares by 2.7% in the fourth quarter. State Street Corp now owns 164,986 shares of the bank's stock valued at $8,500,000 after acquiring an additional 4,302 shares in the last quarter. Institutional investors own 75.00% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Southern First Bancshares in a research note on Friday, July 31st. Zacks Research cut shares of Southern First Bancshares from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 20th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $64.00.
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Southern First Bancshares Company Profile
(
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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.
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