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Southern First Bancshares (NASDAQ:SFST) Reports Quarterly Results, Beats Expectations With alt=
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Southern First Bancshares (NASDAQ:SFST) Reports Quarterly Results, Beats Expectations With $0.08 EPS


Southern First Bancshares (NASDAQ:SFST – Get Free Report) announced quarterly results on Thursday. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.08, Yahoo Finance reports. The company had revenue of $54.07 million for the quarter, compared to analyst estimates of $22.13 million. Southern First Bancshares had a net margin of 6.67% and a return on equity of 4.44%.

Southern First Bancshares is trading 1.8% lower

Shares of Southern First Bancshares opened at $35.20 on Friday. The company has a market cap of $287.23 million, a PE ratio of 21.46 and a beta of 0.83. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.88. The company’s 50-day moving average is $28.29 and its 200-day moving average is $30.85. Southern First Bancshares has a 1-year low of $24.98 and a 1-year high of $39.36.

Insider Activity at Southern First Bancshares

In related news, Director Leighton M. Cubbage sold 1,771 shares of Southern First Bancshares stock in a transaction that occurred on Wednesday, May 15. The shares were sold at an average price of $27.34, for a total transaction of $48,419.14. Following the sale, the Director now directly owns 62,664 shares of the company’s stock, valued at approximately $1,713,233.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available on the SEC’s website. Over the last three months, insiders have sold 3,963 shares of the company’s stock valued at $110,306. 7.62% of the shares are held by insiders.

Analysts set new price targets

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

View our latest research report on SFST

Company Profile of Southern First Bancshares

(Get free report)

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

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Earnings History for Southern First Bancshares (NASDAQ:SFST)



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