Shares of Southern First Bancshares, Inc. (NASDAQ:SFST) have received a consensus rating of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $40.50.
SFST has been the topic of several recent analyst reports. BidaskClub cut shares of Southern First Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Zacks Investment Research raised Southern First Bancshares from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Saturday, December 30th. Finally, ValuEngine lowered Southern First Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th.
In other news, CFO Michael D. Dowling sold 4,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $42.29, for a total transaction of $169,160.00. Following the transaction, the chief financial officer now owns 28,007 shares in the company, valued at $1,184,416.03. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President F Justin Strickland sold 1,107 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $44.00, for a total value of $48,708.00. Following the transaction, the president now owns 72,232 shares in the company, valued at approximately $3,178,208. The disclosure for this sale can be found here. Insiders have sold a total of 9,657 shares of company stock valued at $416,122 over the last quarter. Corporate insiders own 12.85% of the company’s stock.
Shares of Southern First Bancshares (NASDAQ SFST) traded up $0.25 during trading hours on Tuesday, reaching $44.10. 4,387 shares of the company’s stock were exchanged, compared to its average volume of 16,674. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.04 and a quick ratio of 1.03. The company has a market capitalization of $325.88, a price-to-earnings ratio of 22.06 and a beta of 0.67. Southern First Bancshares has a 12-month low of $31.40 and a 12-month high of $44.65.
TRADEMARK VIOLATION WARNING: “Southern First Bancshares, Inc. (SFST) Receives Average Rating of “Buy” from Analysts” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://www.americanbankingnews.com/2018/02/06/southern-first-bancshares-inc-sfst-receives-average-rating-of-buy-from-analysts.html.
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.
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.