Southern First Bancshares (NASDAQ:SFST) Announces Quarterly Earnings Results

Southern First Bancshares (NASDAQ:SFST) announced its quarterly earnings results on Tuesday. The bank reported $0.54 EPS for the quarter, beating the consensus estimate of $0.38 by $0.16, RTT News reports. Southern First Bancshares had a net margin of 6.67% and a return on equity of 4.41%. The firm had revenue of $54.35 million during the quarter, compared to the consensus estimate of $23.57 million. During the same period last year, the firm earned $0.51 EPS.

Southern First Bancshares Price Performance

SFST opened at $38.43 on Thursday. The stock’s 50 day moving average price is $33.38 and its 200-day moving average price is $30.48. Southern First Bancshares has a 52-week low of $24.98 and a 52-week high of $39.36. The stock has a market capitalization of $313.44 million, a PE ratio of 23.43 and a beta of 0.81. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.09 and a current ratio of 1.10.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Southern First Bancshares from a “sell” rating to a “hold” rating in a report on Friday, July 19th.

Insider Activity at Southern First Bancshares

In other news, Director Leighton M. Cubbage sold 1,744 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $31.18, for a total value of $54,377.92. Following the completion of the sale, the director now directly owns 58,818 shares of the company’s stock, valued at approximately $1,833,945.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Leighton M. Cubbage sold 2,515 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $33.29, for a total value of $83,724.35. Following the sale, the director now directly owns 54,303 shares of the company’s stock, valued at $1,807,746.87. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Leighton M. Cubbage sold 1,744 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $31.18, for a total value of $54,377.92. Following the transaction, the director now directly owns 58,818 shares of the company’s stock, valued at $1,833,945.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,549 shares of company stock worth $178,118 over the last quarter. Corporate insiders own 7.62% of the company’s stock.

Southern First Bancshares Company Profile

Southern First Bancshares, Inc operates as the bank holding company for Southern First Bank that provides commercial, consumer, and mortgage loans to the general public in South Carolina, North Carolina, and Georgia. The company accepts various deposit products that include checking accounts, commercial checking accounts, and savings accounts, as well as other time deposits, including daily money market accounts and long-term certificates of deposit.