Southern First Bancshares (NASDAQ:SFST) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a report issued on Wednesday. The brokerage currently has a $48.00 price objective on the bank’s stock. Zacks Investment Research‘s target price points to a potential upside of 14.01% from the company’s current price.

According to Zacks, “Greenville First Bancshares, Inc. is the holding company for Greenville First Bank, N.A., a national banking association chartered under the laws of the United States. “

Other analysts have also recently issued reports about the company. BidaskClub cut Southern First Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. ValuEngine cut Southern First Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, FIG Partners restated an “outperform” rating and set a $42.00 price objective (up from $40.00) on shares of Southern First Bancshares in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $41.00.

Southern First Bancshares (NASDAQ SFST) opened at $42.10 on Wednesday. Southern First Bancshares has a 1-year low of $31.40 and a 1-year high of $43.20. The company has a market capitalization of $308.13, a P/E ratio of 21.46 and a beta of 0.74. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.36.

Southern First Bancshares (NASDAQ:SFST) last issued its quarterly earnings results on Thursday, October 26th. The bank reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $15.85 million during the quarter, compared to analyst estimates of $15.22 million. Southern First Bancshares had a return on equity of 11.10% and a net margin of 21.10%. equities research analysts anticipate that Southern First Bancshares will post 2.03 EPS for the current year.

In other Southern First Bancshares news, President F Justin Strickland sold 1,250 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $39.00, for a total value of $48,750.00. Following the sale, the president now directly owns 62,889 shares in the company, valued at $2,452,671. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael D. Dowling sold 4,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $42.29, for a total value of $169,160.00. Following the completion of the sale, the chief financial officer now owns 28,007 shares in the company, valued at $1,184,416.03. The disclosure for this sale can be found here. Insiders own 12.85% of the company’s stock.

A number of large investors have recently made changes to their positions in SFST. Bank of America Corp DE grew its position in 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 valued at $100,000 after acquiring an additional 226 shares during the period. Globeflex Capital L P bought a new stake in Southern First Bancshares in the second quarter valued at $112,000. American International Group Inc. grew its position in Southern First Bancshares by 7.3% in the first 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 during the period. SG Americas Securities LLC bought a new stake in Southern First Bancshares in the third quarter valued at $189,000. Finally, Rhumbline Advisers bought a new stake in Southern First Bancshares in the second quarter valued at $253,000. Hedge funds and other institutional investors own 70.12% of the company’s stock.

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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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