Southern First Bancshares (NASDAQ:SFST) Downgraded by StockNews.com

StockNews.com downgraded shares of Southern First Bancshares (NASDAQ:SFSTFree Report) from a hold rating to a sell rating in a research report released on Saturday.

Separately, Piper Sandler upgraded Southern First Bancshares from a neutral rating to an overweight rating and lifted their price objective for the stock from $34.00 to $44.00 in a report on Wednesday, January 3rd.

Get Our Latest Stock Analysis on SFST

Southern First Bancshares Trading Up 2.5 %

NASDAQ:SFST opened at $34.83 on Friday. The stock has a market cap of $281.77 million, a price-to-earnings ratio of 20.98 and a beta of 0.83. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 1.02. The company’s 50 day moving average price is $35.71 and its 200-day moving average price is $30.77. Southern First Bancshares has a 52 week low of $20.75 and a 52 week high of $42.01.

Southern First Bancshares (NASDAQ:SFSTGet Free Report) last released its quarterly earnings data on Thursday, January 18th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.12. The business had revenue of $51.47 million for the quarter, compared to analysts’ expectations of $22.46 million. Southern First Bancshares had a return on equity of 4.45% and a net margin of 7.16%. On average, equities research analysts forecast that Southern First Bancshares will post 2.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Southern First Bancshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in SFST. T. Rowe Price Investment Management Inc. raised its stake in Southern First Bancshares by 17.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 799,080 shares of the bank’s stock valued at $36,558,000 after buying an additional 117,405 shares during the last quarter. FJ Capital Management LLC grew its holdings in shares of Southern First Bancshares by 72.6% in the second quarter. FJ Capital Management LLC now owns 791,009 shares of the bank’s stock worth $19,577,000 after acquiring an additional 332,783 shares during the period. BlackRock Inc. grew its holdings in shares of Southern First Bancshares by 16.2% in the second quarter. BlackRock Inc. now owns 777,221 shares of the bank’s stock worth $19,236,000 after acquiring an additional 108,424 shares during the period. Price T Rowe Associates Inc. MD increased its position in Southern First Bancshares by 4.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 645,858 shares of the bank’s stock valued at $28,153,000 after acquiring an additional 25,449 shares during the last quarter. Finally, Endeavour Capital Advisors Inc. lifted its holdings in Southern First Bancshares by 0.3% in the fourth quarter. Endeavour Capital Advisors Inc. now owns 429,870 shares of the bank’s stock valued at $19,667,000 after acquiring an additional 1,163 shares during the period. Hedge funds and other institutional investors own 79.03% of the company’s stock.

Southern First Bancshares Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Southern First Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern First Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.