Key Points
- Director Leighton Cubbage sold 400 Southern First Bancshares shares at an average price of $63, generating $25,200. He retained 48,765 shares after the transaction, a 0.81% reduction in ownership.
- Southern First Bancshares shares opened at $60.79, with a market capitalization of approximately $574.8 million. The stock has traded between $40.90 and $65.09 over the past year.
- The bank slightly beat quarterly earnings expectations with EPS of $1.20 versus the $1.19 consensus estimate. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $64.00, while institutional investors own about 75% of the stock.
Southern First Bancshares, Inc. (NASDAQ:SFST - Get Free Report) Director Leighton Cubbage sold 400 shares of the business's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $63.00, for a total value of $25,200.00. Following the sale, the director directly owned 48,765 shares in the company, valued at $3,072,195. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Southern First Bancshares Stock Down 0.9%
NASDAQ:SFST opened at $60.79 on Wednesday. The firm has a market capitalization of $574.77 million, a price-to-earnings ratio of 13.02 and a beta of 0.68. Southern First Bancshares, Inc. has a 1-year low of $40.90 and a 1-year 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 business's fifty day moving average price is $62.10 and its 200 day moving average price is $58.55.
Southern First Bancshares (NASDAQ:SFST - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The bank reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.01. Southern First Bancshares had a return on equity of 10.18% and a net margin of 16.78%.The business had revenue of $20.40 million during the quarter, compared to analyst estimates of $36.30 million. On average, sell-side analysts forecast that Southern First Bancshares, Inc. will post 5.4 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. Weiss Ratings reissued a "buy (b)" rating on shares of Southern First Bancshares in a research note on Friday, July 31st. Zacks Research lowered shares of Southern First Bancshares from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 20th. Two 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 stock currently has an average rating of "Moderate Buy" and an average target price of $64.00.
Read Our Latest Stock Analysis on SFST
Institutional Trading of Southern First Bancshares
Institutional investors have recently modified their holdings of the company. Cullen Frost Bankers Inc. raised its stake in shares of Southern First Bancshares by 40.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 666 shares of the bank's stock valued at $34,000 after purchasing an additional 191 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Southern First Bancshares in the 3rd quarter valued at $38,000. Legal & General Group Plc acquired a new stake in shares of Southern First Bancshares during the 2nd quarter valued at about $54,000. State of Wyoming acquired a new position in Southern First Bancshares in the second quarter worth about $75,000. Finally, BNP Paribas Financial Markets lifted its stake in Southern First Bancshares by 28.7% during the second quarter. BNP Paribas Financial Markets now owns 1,380 shares of the bank's stock worth $52,000 after purchasing an additional 308 shares during the period. Institutional investors and hedge funds own 75.00% of the company's stock.
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.
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