Shares of Southern First Bancshares, Inc. (NASDAQ:SFST) have received an average recommendation of “Hold” from the six analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $38.67.

Several analysts have recently weighed in on the company. BidaskClub lowered 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. Finally, FIG Partners reaffirmed an “outperform” rating and set a $42.00 target price (up from $40.00) on shares of Southern First Bancshares in a report on Wednesday.

Shares of Southern First Bancshares (NASDAQ:SFST) traded down 0.67% on Wednesday, hitting $36.85. The stock had a trading volume of 11,424 shares. The firm has a market cap of $269.52 million, a P/E ratio of 18.92 and a beta of 0.65. The company’s 50-day moving average price is $35.56 and its 200 day moving average price is $35.09. Southern First Bancshares has a 12-month low of $25.85 and a 12-month high of $38.55.

Southern First Bancshares (NASDAQ:SFST) last released its earnings results on Tuesday, July 25th. The bank reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $14.92 million during the quarter, compared to the consensus estimate of $14.21 million. Southern First Bancshares had a return on equity of 11.39% and a net margin of 20.68%. On average, equities research analysts forecast that Southern First Bancshares will post $2.01 earnings per share for the current fiscal year.

In related news, CFO Michael D. Dowling sold 750 shares of Southern First Bancshares stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $36.00, for a total value of $27,000.00. Following the transaction, the chief financial officer now owns 30,507 shares of the company’s stock, valued at approximately $1,098,252. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael D. Dowling sold 5,850 shares of Southern First Bancshares stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $36.00, for a total value of $210,600.00. Following the completion of the transaction, the chief financial officer now directly owns 36,107 shares in the company, valued at approximately $1,299,852. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,927 shares of company stock valued at $611,937. Corporate insiders own 14.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of SFST. Bank of America Corp DE increased its position in shares of Southern First Bancshares by 7.9% in the first quarter. Bank of America Corp DE now owns 3,080 shares of the bank’s stock worth $100,000 after acquiring an additional 226 shares in the last quarter. American International Group Inc. lifted its position in shares of Southern First Bancshares by 7.3% in the 1st quarter. American International Group Inc. now owns 3,534 shares of the bank’s stock valued at $115,000 after acquiring an additional 239 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Southern First Bancshares by 8.1% in the 2nd quarter. Teachers Advisors LLC now owns 10,609 shares of the bank’s stock valued at $393,000 after acquiring an additional 799 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Southern First Bancshares by 6.1% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 17,521 shares of the bank’s stock valued at $649,000 after acquiring an additional 1,010 shares in the last quarter. Finally, Martingale Asset Management L P boosted its stake in Southern First Bancshares by 11.2% in the 1st quarter. Martingale Asset Management L P now owns 10,902 shares of the bank’s stock worth $356,000 after purchasing an additional 1,099 shares during the period. 70.24% of the stock is owned by institutional investors.

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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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