Southern First Bancshares (NASDAQ:SFST) Issues Earnings Results, Beats Expectations By $0.29 EPS

Southern First Bancshares (NASDAQ:SFST) issued its quarterly earnings data on Thursday. The bank reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.29, Zacks reports. Southern First Bancshares had a net margin of 7.28% and a return on equity of 4.85%.

Southern First Bancshares Price Performance

Shares of NASDAQ:SFST traded up $0.18 during midday trading on Friday, reaching $37.94. 4,248 shares of the company’s stock traded hands, compared to its average volume of 14,427. The company has a market cap of $309.56 million, a P/E ratio of 19.76 and a beta of 0.85. The company has a fifty day simple moving average of $39.97 and a two-hundred day simple moving average of $36.71. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.09 and a current ratio of 1.09. Southern First Bancshares has a 1 year low of $24.98 and a 1 year high of $45.90.

Insiders Place Their Bets

In other Southern First Bancshares news, CAO Julie Ann Fairchild sold 1,000 shares of Southern First Bancshares stock in a transaction on Monday, November 25th. The shares were sold at an average price of $45.23, for a total transaction of $45,230.00. Following the sale, the chief accounting officer now owns 5,840 shares of the company’s stock, valued at $264,143.20. The trade was a 14.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.62% of the stock is currently owned by company insiders.

About Southern First Bancshares

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.