Shares of Southern First Bancshares, Inc. (NASDAQ:SFST) have earned a consensus recommendation of “Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $38.67.
SFST has been the topic of a number of recent research reports. BidaskClub cut shares of Southern First Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Zacks Investment Research raised shares of Southern First Bancshares from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Saturday, December 30th. Finally, ValuEngine raised shares of Southern First Bancshares from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd.
In other news, CFO Michael D. Dowling sold 1,700 shares of Southern First Bancshares stock in a transaction on Monday, March 5th. The stock was sold at an average price of $44.25, for a total transaction of $75,225.00. Following the transaction, the chief financial officer now owns 26,807 shares in the company, valued at approximately $1,186,209.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President F Justin Strickland sold 1,107 shares of Southern First Bancshares stock in a transaction on Monday, January 29th. The stock was sold at an average price of $44.00, for a total value of $48,708.00. Following the transaction, the president now owns 72,232 shares in the company, valued at approximately $3,178,208. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,797 shares of company stock worth $386,612. 12.85% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. SeaCrest Wealth Management LLC purchased a new stake in shares of Southern First Bancshares during the fourth quarter worth approximately $1,327,000. Martingale Asset Management L P lifted its position in Southern First Bancshares by 32.1% during the fourth quarter. Martingale Asset Management L P now owns 10,702 shares of the bank’s stock worth $442,000 after buying an additional 2,600 shares during the period. Wagner Wealth Management LLC purchased a new position in Southern First Bancshares during the fourth quarter worth about $238,000. EAM Investors LLC lifted its position in Southern First Bancshares by 35.8% during the fourth quarter. EAM Investors LLC now owns 15,645 shares of the bank’s stock worth $645,000 after buying an additional 4,128 shares during the period. Finally, State Street Corp lifted its position in Southern First Bancshares by 14.6% during the second quarter. State Street Corp now owns 86,369 shares of the bank’s stock worth $3,199,000 after buying an additional 11,008 shares during the period. Hedge funds and other institutional investors own 70.03% of the company’s stock.
Shares of SFST stock traded down $0.10 during trading on Wednesday, reaching $44.40. 11,073 shares of the company’s stock traded hands, compared to its average volume of 13,895. The stock has a market capitalization of $327.73, a P/E ratio of 22.36 and a beta of 0.66. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54. Southern First Bancshares has a 1 year low of $31.50 and a 1 year high of $46.70.
Southern First Bancshares Company Profile
Southern First Bancshares, Inc is a bank holding company that owns the capital stock of Southern First Bank (the Bank), a South Carolina state bank, and all of the stock of Greenville First Statutory Trust I and II (the Trusts). The Bank is a commercial bank with approximately nine retail offices located in Greenville, Columbia and Charleston, South Carolina.
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