Southern First Bancshares, Inc. (NASDAQ:SFST) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS
Southern First Bancshares, Inc. (NASDAQ:SFST) announced its earnings results on Tuesday. The bank reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01, Yahoo Finance reports. The business had revenue of $14.92 million for the quarter, compared to the consensus estimate of $14.21 million. Southern First Bancshares had a return on equity of 12.17% and a net margin of 20.81%.
Southern First Bancshares (SFST) traded up 0.68% on Wednesday, reaching $37.15. 1,239 shares of the company traded hands. Southern First Bancshares has a 52-week low of $24.53 and a 52-week high of $38.55. The stock has a 50-day moving average of $36.26 and a 200 day moving average of $34.52. The company has a market capitalization of $240.73 million, a PE ratio of 19.06 and a beta of 0.65.
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Several research analysts have recently commented on the company. BidaskClub downgraded Southern First Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research raised Southern First Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. ValuEngine raised Southern First Bancshares from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Sandler O’Neill raised Southern First Bancshares from a “hold” rating to a “buy” rating and boosted their target price for the stock from $35.00 to $38.00 in a report on Monday, May 1st. Finally, Keefe, Bruyette & Woods set a $36.00 target price on Southern First Bancshares and gave the stock a “hold” rating in a report on Tuesday, April 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $38.33.
About Southern First Bancshares
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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